what is a theta???????
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Theta is a symbol which is used in representing the angles in a shape. It does not represents any specific angle but says that the point can be any angle. For Example: In a Triangle ABC, if C has theta symbol that means C can be any angle but not more than 180°. Also, The point with theta symbolizes that the angle is unknown.
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Theta is a measure of the rate of decline in the value of an option due to the passage of time. It can also be referred to as an option's time decay. If everything is held constant, the option loses value as time moves closer to the maturity of the option.
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