I am not new in stock picking but im a novice in trading options. I have traded long call/ and puts and have made money last year. i havent traded leaps . Im looking on buying call leaps. but then im debating if ill just buy long calls instead. xyz is trading @ 15.28 at this time. Im expecting this stock to be double by july 08 here are the info: call sept 08 17.50 // leaps jan call 09 17.50 IV 49.50// 50 delta45//50 theta-.0057//-.0047 bid: 1.30//2.6 ask: 1.95//1.85 1) im leaning more in trading sept long call . am i wrong?.. what is the beauty of trading leaps. does it get more return than long call as it gets to expiration date as long as you close leaps before 90 days. 2.) if you buy a long call (or put) and gets too Deep in the money does it get called or turn to stock. or does it only happen in spreads. if this question sounds novice to you because I am. Ive lost money in trying different techniqeus so now im back to papertrading until i get more practice. I read, study and work hard in learning strategies but i have to say that I am learning from all of your trading techniques and experiences. Thanks for your help. Ps. who are the superbowl winners here?