This is my second calendar call spread, and my first LEAP purchase.  I didn't want to set aside the cash necessary to purchase the stock outright, but I think C is a great buy long term, so I went for the Jan 10 LEAP call.  It was only mildly more expensive than the Jan 09, and a full year longer.  I sold the June $27.5 to give me some room and to reduce my basis.  This is a long term play for sure.