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What's the Difference Between High Volatility and Low Theta?
The higher the volatility, the more significant your time value is. The gamma just decays significantly compared to having a low volatility. So I came up with a triangle relationship that says that if I want to own an option, I want to have a low volatility because then I will have a lot of gamma and pay less theta. Does that make any sense to you? Yeah, I'm with you.