Question on option price in relation to theta, does the theta component recalculate each day, or it changes even every minute? Say if u buy and sell within a day, expect to lose some theta value?

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It’s continuous. What u see is the daily theta but it’s entirely continuous like a derivative (calculus). Comes from the other inputs of black scholes

theta is continuous but if you buy and sell within a day, it probably won’t make a difference. a notable exception is options with very short expiry, like ones expiring same day.

Thanks both!

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