“Theta—A measure of the rate of decline in the value of an option over time; also referred to as time-value decay. All options will lose value as the expiration date for the option draws nearer.
“Vega—A gauge of an option's sensitivity to theimplied volatility of the underlying asset. Specifically, Vega measures thechange in an option's price compared to a 1 percent change in impliedvolatil
