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Time Decay (theta) has an affect on the options price as days pass but what if you are only holding the option for 4 to 6 hrs? Do you still lose money on the option if you are opening and closing your position the same day ie. day trading? Weekly expirations vs. expirations with 30 to 60 days...

I am currently a Stockcharts.com member and was wondering if any veteran traders know how to write a scan for these candle patterns. I am a beginner to the markets and don't know if I'm writing it correctly. Thanks for your help. Jeremy