Offer your thoughts or opinion on the input financial query or topic using your financial background.

Are there any investment strategies which take advantage of an in-the-money option price that incorporates no “time value”?
you asked for strategies which use deep in the money options:  dividend mispricing can use deep in the money options, basically its an arbitrage play on ex-dividend dates. and any kind of spread can use deep in the money options, depending on how wide you want your spread to be