I was hoping to see if any of you could shine some light on a topic I cannot seem to get my mind around. I'm reading into using DITM leaps as a surrogate to stock ownership and writting near term ATM calls against it. My question comes with the scenarios of what happens at expiration if the near term is ITM. Jan10 30calls have about $3.10 time value so I'd hope that excersize is not the best option. if any of your have experience with TOS as the broker, that would help since this is where my acct is setup. any takers on this one?