Talk:Option time value

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[edit] Removed sentence

Since theta is (according to the Greeks:

  • The theta measures sensitivity to the passage of time (see Option time value). Θ is minus the derivative of the option value with respect to the amount of time to expiry of the option, \Theta = -\frac{\partial V}{\partial T}.

the following sentence seems confused. "Note that theta does NOT reflect the sensitivity of the time value to the amount of time to expiry." I think there's something behind it, but...