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I've spent a couple of days re-reading posts related to buying DITM call options, usually on BRK. Lots of interesting stuff. I blame Jim for most of it...

I'm particularly interested in the idea at the moment because market volatility is low and premiums for selling options are consequently poor.

An important metric is the notional interest rate, typically 3%-5% for BRK. I was surprised to see how low the rate is for SPY (SPX being too expensive per contract), I calculate the interest rate between 0.4% and 1%.

Does SPY seem like a possible contender for the Deep Call treatment?
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