Dan Harvey, the Iron Condor supertrader, created the popular Weirdor trade several years ago. Jim Riggio, Paul Demers and others modified Dan's Weirdor with different trade management rules. This …
How Time Decay in Options Works
Time decay in options, also called "Theta", is the measurement of how much the value of an option will lose or gain each day as it gets closer to expiration. Time decay is not linear - the …
