You’re right about these leap options being low. Back in the day when AGNC and other Mreits were having secondary offerings every quarter, there were opportunities to make good returns whenever the SP would drop on the day of the offerings. I would always go out beyond the current quarter but once in a while, looking at the leaps (more than a year out) the calls would be under the more recent call options. Whenever this would happen we would call these Roys, from Blade Runner, "I have seen things you people wouldn’t believe..."
Dividends don’t add to the price of call options, they do however play a roll in put options. Going out in time does add premium to call options. You got a good deal on the Jan20 $17 call option at $0.95. Certainly worth a gamble. Follow it and see if the time value kicks in and drives it up even if the SP doesn’t. Good luck.
RIM