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Sean HymanSean Hyman
Post count: 3415

You’re welcome.

front month contracts appeal to the masses and are easy to teach about because they pull from the greed in people that they can put almost nothing down and turn it into a gazillion dollars. And that almost never happens. There’s a reason why pros don’t focus on those nearest term contracts. The biggest drop in time value for an option happens in the final 30-45 days of the contract. So if you’re starting with a contract that expires in 30-60 days, you’ve got huge time value coming off of your option regularly and it would take a massive upside move (in calls) to overcome it. It’s fighting with one hand behind your back.

So, I’m glad you’re not getting involved with those.