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Quotes of the day:
Chains are chains even if made of gold, they just tie you.
Theta is a measure of the rate of decline in the value of an option due to the passage of time. It can also be referred to as an option’s time decay. If everything is held constant, the option loses value as time moves closer to the maturity of the option. Theta is generally expressed as a negative number and can be thought of as the amount by which an option’s value will decline every day.
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