Twenty short lessons that take you from "what is a covered call" to "I know exactly what I'm doing." Read in order, or jump to any topic you want.
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If you've ever watched a covered call position in its final two weeks before expiration, you've probably noticed the option losing value faster than it did in the first two weeks — even when the stock barely moved. That acceleration is theta doing exactly what the math says it should do. Understa...