T O P

People:"WTF is this?

People:"WTF is this?

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|23|**First Seen In WSB**|2 weeks ago **Total Comments**|2|**Previous DD**| **Account Age**|3 weeks|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=qgcz7m)|**Vote Approve (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=qgcz7m)


GushingGranny1

Theta is like getting older. One day you are having fun, playing Xbox with your friends after school on a Friday and next thing you know, your bills are past due and your knees are constantly stiff.


Marcush214

Fantastic anology😂😂😂


LSSCI

And still playing Xbox with the friends.


kluuppo

Went to single player games because impossible to get a common timeslot with friends. Then after a while, no friends.


BigBensRiskyDoubleD

This is life


LSSCI

I still enjoy the competition. PUBG with the buddies is real fun.


FormerSperm

My knees are the only things getting stuff these days


CoachCedricZebaze

Get in child poses It helps


extrinsicvalue

This is so true. But you forgot the hair loss...


5t4k3

Hey fuck you I've never missed a payment. My debt tho.


Hello-There-Im-Zach

Damn if this ain’t the fucking truth


zxc123zxc123

Maybe for option buyers. For thetagang, you feel like the kid sitting of the car yet asking "Theta, are we there yet?"


RedrumRogue

Or youre the guy running at the person you sold to. Lol


Affectionate_Law3788

And sometimes Cramer pulls up next to the car and challenges him to a race, absolutely fucking you


digitFIRE

Then Theta says, yup. We’re here on time but we lost something of value AND we have a flat tire. It’ll cost money to fix it back up to its original condition…


AdAlternative3648

Quality meme


Florian__d

Unless you short the options ! Then Theta is your best buddy !


BreakfastOnTheRiver

Somehow theta works against me when I sell options too


BackgroundSearch30

That's not Theta fucking you. That's Theta's outrageously crazy and volatile brother, Vega.


Koala_eiO

Ah, the fake greek as I call it.


justtheburger

Watched Street Fighter 2 live action. Can confirm, Vega is either Spanish or Italian.


jw11235

Vincent Vega?


Dakimasu

This is literally impossible.


[deleted]

[удалено]


-_1_2_3_-

that wouldn't be theta short contracts have negative theta


[deleted]

[удалено]


only_buy_no_sell

I wanna buy calls on calls.


eaglessoar

may i introduce you to TQQQ then!


-_1_2_3_-

Tell me you don’t know what you are talking about without telling me you don’t know what you are talking about.


SecretCheese

Classic wsb...an actual expert chimes in only to be told hurrr durr by retards. Anyway, u/golden_bear_2016, a question from an options noob to make sure I understand: this is a highly theoretical scenario since interest rates are low, but wouldn't the effect you describe just reduce vega and not actually reduce theta? So in theory you could be short theta, but in reality in this scenario it's more likely that vega would decrease, since everyone can observe theta but everyone has a different opinion on vega? And the magnitude of the effect will vary with the moneyness, right? So likelihood of being short theta is maximized with an ATM option?


-_1_2_3_-

We are talking about simple short positions and he waves his hands moving the goalpost to dynamically replicating puts by shorting the underlying in a high interest environment. He basically said: “If I change the conversation and apply it to a scenario that looks nothing like the actual one, my point stands”


CoachCedricZebaze

Dont for get Its all start with Mother Delta


BillMahersPorkCigar

That’s typically if you sell when it has low volatility and it becomes volatile


just_jay88

that's vega


BillMahersPorkCigar

Oh I was speaking on his overall options price. I should have clarified that it wasn’t due to Theta, but Vega


New-Manufacturer-465

You need Think or swim risk profile.


Open_Mission_1627

My calls get more valuable if they are in the money the closer to expiration so theta always seems to decrease closer to expiration I don’t short stocks so I never paid attention to it Now I’m interested to see what happens


Dakimasu

You have this completely backwards. A call option $5 ITM with 30DTE is worth much more than the same option $5 ITM with 0DTE. The reason is because 30DTE has much more extrinsic value, and the 0DTE virtually has none.


Florian__d

Theta is the value of the option linked to time to expiration. When you are long an option (whether à put or a call), value linked to time decrease. Time works against you. Exemple: An European call on a stock with a strike at 30 when the stock trades at 35 will have a value > than 5$. As you arrive to maturity, the option will only be the differential. When you are sell an option, the opposite happens.


RhythmSectionJunky

Anyone who doesn't get it, make sure to join the next official WSB Paper Trading Competition.


Paradoxical_Hexis

You forgot to check your other mirror for vega


Slut_Spoiler

When the underlying is up 10% but your retarded otm call option is down 1%


Marcush214

Especially on 0 ex options Shit is like that Cop off of terminator 2


imperator285

Best way to trade options, is to be in both r/thetagang and r/vegagang.


Scary_Replacement739

Thetagang wheeling their way up on us.


TheRealNobodyAtAll

Wheeling is for those that don't understand straddles and strangles.


Scary_Replacement739

I just really wanted to say wheel because of the post. I also don't understand straddles or strangles.


TheRealNobodyAtAll

If you are willing to sell a CC or sell a CSP, just do both. One side is guaranteed to be max profit, and then you just manage the one side of the trade you wanted to do anyway. Collect 2x the premium and have more theta exposure.


jsntx

Just loosen up and let it do its thing.


FrustraBation

Beware the crush.


feedthebear

Tom Thumb Cruise coming to get ya.


AGMMCE

Theta Gang rejoice!


TheeDodo

My SNDL covered calls are going crazy


Kamikaze_Cash

Theta Gang RISE UP. My new favorite is to fight bull gang and bear gang at the same time by selling strangles. I'll sell FDs to both of you, idgaf


WatchingyouNyouNyou

One loss to negate 9 wins. Bring it on


Kamikaze_Cash

That's cute because I had 14 successful strangles in a row before my first loss, and the loss was about 20% of the gain I had on the 14th strangle specifically. Until the day comes when SPY drops 11% in a day, theta wins.


Anubyss88

Damnit, take my upvote


gimmetheloot2p2

This is the most beautiful meme ive ever seen.


DarthYeetis

I’m comin to get ya, I’m comin to get ya


chugajuicejuice

Looks like the Get Out run lol


BloatingPenguin

WTF is this?


varza_

theta is the angle between two vectors, duh


Ratchet_as_fuck

!wsbgold


VisualMod

Added /u/manchest_hair_united as an approved submitter. Hey OP, mention any crypto, SPACs, or stocks under the market cap lower bound (1.5 billion) and this will be revoked.


DeepValuedLurker

Theta ran into my car causing a accident, now I gotta pay money just to get it back on the road.


WatchingyouNyouNyou

I love looking at my + portfolio theta but all it takes is one trade for my positive theta to be bigly negative I tend to close my long options within 72 hours though


LSSCI

Theta decay.


PenerPicker

based theta stride


funance2020

Theta is kind of scary but Vega… Vega hits like a bus (either positively or negatively lmao)


bayoucoonass

Hits home.


Super_Robot_AI

Apple calls worst enemy


TKolache

Lol this made me laugh out loud, we need one for HF’s and Marge calls


KNORTHWIND

Deformed penis jogging in retard's rearview mirror.


I_am_That_Ian_Power

Θ


RebellionBS

Influenza revenge 2 electric boogalo


mcalibri

Nothing strikes fear like Theta.


lightriver90

r/thetagang \*awkward monkey puppet meme look\*


hobbes112

Sir r/thetagang is where they come to take our munny


shepherd_boyz

Look up "theta decay." When trading options, theta decay is how much time effects your trade position; either positively or negatively depending on what option products you have purchased.


Complete_Barber_4467

Theta is the next Covid strain


Cold-Income619

What is parabolic decline? I don't want to math!


Explod3

Wsb circle jerk is selling fds to each other until the expiry bag holder loses his tendies for good.


DogeOnDaMoon2020

This is why I don’t do options… I don’t get this joke


Nutpon

???? I learn enough about that bih in physics class


sight3141

mandela effect


CensoredColour

Thought this was a new COVID variant


Bellona123

Just…sell options instead of only buying them then, dumbfucks? I mean this in the nicest way and am not a financial advisor and this isn’t advice.


BreakfastOnTheRiver

Theta![img](emote|t5_2th52|4263)![img](emote|t5_2th52|4263)


Lonnie239

Theta is the time to expiration of the option.


gunitbeans

Not correct. Theta tells you how much your options contract will decrease in value as it approaches expiration.


Lonnie239

Right. Should have clarified. It’s the first partial derivative of the function with respect to time.


FaRamedic

You done goofed up Boy