Deep ITM LEAPS (30 Jan 12): GE

Buy a Deep ITM LEAPS Call expiring in two years with a delta of .80 or higher.

GE  $19.03

Buy to Open (1) Jan 14 15 C @ $4.85
Net Debit: $4.85 ($485.00)
Profit Target (50%): $7.30 ($730.00)
Delta: .84
Option Move Required:  $7.30 - $4.85 = $2.45
Stock Move Required:  $2.45 ÷ .84 = $2.92
Stock Target Price:  $19.03 + $2.92 = $21.95