I ran every strike through Black-Scholes this weekend. The output surprised me ($100 underlying, 20% IV, 4% rates): - ATM theta at 30 DTE: $4.36/day per contract - ATM theta at 1 DTE: $21.43/day per contract ATM decay accelerates into expiration. But OTM does the opposite. 5% OTM theta peaks at 21 DTE, then collapses, 10% OTM theta is essentially gone by 14 DTE. The closer you get to expiration, the slower OTM premium decays. The reason is gamma. Theta doesn't have its own engine. It borrows gamma's. Near expiration, gamma concentrates almost entirely at the money. OTM strikes lose gamma, so they lose theta too. Your OTM short that feels safe at 21 DTE has already peaked. Holding it to expiration isn't collecting more decay. It's carrying pennies in front of a steamroller. Theta is not magic income. It is rent for sitting on gamma risk.

Wrapping up April with some major trading! 📈 Ready to make a solid profit of $1,575 next week through covered puts. 🚀 Join me on this journey to hit our $6k/month goal! 💵

Exciting updates on my investment journey! 🚀 From selling Tesla and AMD calls to diving into new strategies, things are looking bright. Join me as I explore growth and profit opportunities! 💹

It's a fantastic day in the stock market 🌞📈! We're up $1,133, with smart trades like Rocket Lab 🚀 and Tesla ⚡! Keep your eye on the profits 💵!

Closing the second trading week of April with big wins! 📈 Up $883 today and $7500 for the week! Watch as we roll our positions and strategize on call options next week. 💰🚗