How to Trade Short Term Options

The time decay is so fierce on any short term option, anything 30 days or less, you can hear it. So I don't mind pushing it out a week rather than being in the one that they're in. A lot of times I will just buy that one thinking they must know. You lose dollar for dollar with stock with the options. And it's always a lot less than how much the stock can move on any five or 10% decline.