Day to day delta is the Greek that runs your trade. It determines how much your position moves with every dollar the stock moves. But over time something quieter is doing the heavy lifting: theta. It trucks along in the background every single day picking up a few cents regardless of what the market does.
Jim Schultz, Mike Butler, and Jermal Chandler break down exactly why the short-term and long-term impacts of different Greeks are completely different, using a live example from their year-long MEES and MNQ positions where theta has accumulated from a couple hundred dollars to over $3,400 in collected premium by June with expectations of $7,000 by year end.
š tastylive:
tastylive.com
š° Get Tom's pre-market analysis every morning:
tastylive.com/newsletters
š FREE Options Strategy Guide:
tinyurl.com/bp9ms763
š± Follow tastylive on X:
x.com/tastyliveshow
Chapters
0:00 Which Greek matters most day to day
0:30 Delta is the answer: here is why
...