The McMillan options book had a graph of the point where option decay really accelerated. I think it was with about 3 weeks till expiration. Can anybody post this graph, or give the McMillan page number?
Not exactly what you are looking for, but I'm sure it's pretty much the same graph as this one. As you can see the slope really steepens with about 3 weeks to expiry.
The McMillan options book had a graph of the point where option decay really accelerated. I think it was with about 3 weeks till expiration. Can anybody post this graph, or give the McMillan page number?
It boils down to what is the strategy you want to employ...some prefer to take advantage of shorting the short-term options but at the same time long with the same month, for instance Iron condor...but in such a way that it gives you theta edge...
