💫 Options (practical plays) · Expiry theta

Expiry decay strategy

On expiry day, sell an ATM straddle or a tight strangle after 11am. Theta collapses through the day; close by 3pm to avoid pin-risk chaos in the last 30 min.

Timeframe: Expiry day intraday

Indicators: Theta, Intraday range

Scaffold page

This page shows the core summary above. Detailed setup, entry/exit rules, and an interactive chart for this strategy are being added in a follow-up pass. See the Options (practical plays) category for related strategies with full detail already added.

What the strategy does

On expiry day, sell an ATM straddle or a tight strangle after 11am. Theta collapses through the day; close by 3pm to avoid pin-risk chaos in the last 30 min.

Tools it uses

Theta
Intraday range

General trading rules that apply

Regardless of the specific setup, these apply to every strategy on this site:

Never risk more than 2% of your account on a single trade
Place a hard stop-loss before entering — no exceptions
Journal every trade: setup, reason, outcome, one lesson
After two consecutive losses, stop for the session
Backtest and paper-trade for a month before deploying real capital

Educational content only

Every strategy here is an educational description of a widely-known technical setup. Past behavior does not guarantee future results. The chart above uses synthetic price data generated for illustration — real market behavior varies. Backtest, paper-trade, and size responsibly before risking real capital.

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