I have a Dream! and a positive Theta!
As you know 3 day weekends are the best if you are the common working person. But the stress of not working brings up money problems. As a trader there is a 100% prediction you can count on and take advantage of. That is knowing that time only moves in one direction. Unlike the markets which move up down and sideways, time always moves forward. Then again I think gravity kicks in and it speeds it up a bit once you hit 40 years old then Time seems to move forward and down. Another prediction you can add to the mix with 100% probability is that the market is closed on the weekends but time still moves. Therefore Time is moving, but the market will be flat. So on these holiday weekends the market is flatter for a longer period of time. This is why I love options. They are one of the only vehicles in the financial markets where you can create passive income. Cash Flow from time. Money working for you while you are enjoying the weekend.
This is called “Theta” trading. Being on the selling side of the option trades.
Options lose their premium on a daily basis otherwise known as time decay or theta.
Theta = the amount of premium an option decays on a daily basis. If an option goes from 2.15 on saturday to 2.05 on Sunday, its theta = .10.
Times that by the # of shares and contracts and it adds up.
What is the total theta of your portfolio going into the 3 day weekend?
Is it positive or negative?
If it is negative you are probably buying more options then you are selling.
If it is positive, you are a theta trader and making money on time. I love being theta positive on a long weekend. Nothing better than money working for you, even on the weekends. This is true passive income. Whether its Theta Luther King, Good Theta Friday, Theta of July, ThetaGiving, or Merry Thetamas Day, plan ahead and join the Theta Club. Sell options and start building up that theta positive in your accounts starting thursday and early friday morning.
You unlock this door with the key of imagination. Beyond it is another dimension—a dimension of Time, a dimension of Decay, a dimension of Cash Flow. You’re moving into a land of both Options and Selling, of things and ideas. You’ve just crossed over into the THETA Zone.

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