08-24-2021, 07:26 AM
Theta decay is another important term to understand. As a seller it is your friend. As you are starting on the learning curve I would keep my expirations 45 days or less for now. You can sell options out 6 months or more but it's like watching paint dry on a low beta stock. With shorter duration contracts you can work through the cycle on more positions and get comfortable with how they move as they get closer to expiration. You can study until you have your option PHD lol, but some real experience with your money is valuable.