Theta refers to the rate of decline in the value of an option due to the passage of time, or time decay.

In this course, you will learn one of our favorite ways to trade at NEOS, which is to be in a Theta Positive position.

Being in a Theta Positive trade means that time works FOR us, not against us; and we will show you how to do this while still using directional concepts!

If a trader can fully grasp this concept and begin utilizing it, they will have found a very powerful edge to use for their financial benefit.