Deep ITM LEAPS (12 Mar 12): INTC

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

INTC  $27.07

Buy to Open (1) Jan 14 20 C @ $7.85
Net Debit: $7.85 ($785.00)
Profit Target (50%): $11.80 ($1,180.00)
Delta: .88
Option Move Required:  $11.80 - $7.85 = $3.95
Stock Move Required:  $3.95 ÷ .88 = $4.48
Stock Target Price:  $27.07 + $4.48 = $31.55