Greeks
·
9 min
Theta in detail
Time decay, day by day. Not linear, not symmetric across strikes. The Greek that quietly funds the short premium business.
In this lesson
- The decay schedule is back-loaded
- Theta varies across moneyness
- Weekend theta
- Theta on multi-leg positions
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The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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