day trading and greeks

[happy trading]

if i day trading options that have a week or two till expiration, should i take into account the theta and vega. or they mainly change during the market close and i should not worry about it changing in middle of a trade?

 

[JSOP]

if i day trading options that have a week or two till expiration, should i take into account the theta and vega. or they mainly change during the market close and i should not worry about it changing in middle of a trade?

You should always mind the greeks no matter how long until expiration the option has. In fact, you should mind it more the longer until expiration an option has.

 

[newwurldmn]

if i day trading options that have a week or two till expiration, should i take into account the theta and vega. or they mainly change during the market close and i should not worry about it changing in middle of a trade?

Unlikley they will be relevant over a short time period.

 

[ironchef]

Someone here once told me to look at charts like this and advised me not to day trade options. Instead, swing options as they generally tracked underlying direction quite well:

 

[hilfspaul]

You should definitely focus on the greeks and don’t ignore it no matter what. Good luck to you.