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Sean HymanSean Hyman
Post count: 5702

That’s not correct. With ANY option strategies that you want to give yourself an edge on, you should buy FAR MORE time than you feel you’ll need. Do enough short-term ones and you’ll see what I’m talking about. It’s an error of newer option traders.

For instance, if I were a betting man…I’d have thought my GDX calls would have taken off a week or two sooner than they did. They just really took off today. And the biggest time erosion on a contract happens in the final 30-45 days. So you have time ticking off of your contract very quickly.

It’s under “Important Things To Remember” in the book.