spy etf or deep ITM spy LEAPS ?

Discussion in 'Options' started by Peter1a, Oct 29, 2011.

  1. Peter1a



    I am a long term investor .I own SPY etf that I am planning to keep for 25years or more.I was wondering if it would be a good idea to convert part or all of my SPY into deep ITM LEAP. It looks that if you buy dec 13 with 60 strike price,there is almost no time premium. This way I could own double the amount of my current holdings and have the same risk and reward, as the LEAP should move up or down dollar for dollar. What am I missing here?

    Thank you for your help.