Exercise 31 · 14 min

About 45 DTE

Time: 20 to 25 minutes · You'll need: a calculator or spreadsheet · Builds on: Lesson 31

Warm-up

Check yourself

For short strikes at the same delta, how do theta and gamma change when you pick a shorter expiry?

Check yourself

Which of these does a longer expiry increase for a short strangle at the same delta?

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