Options Greeks - Theta (Θ)

Theta (Θ) is the second options greek to be discussed in my series of articles explaining the options greeks. Theta is also one of the most useful options greeks, and the information that it represents can be important, however, theta is not used as often as delta. My explanation of theta will explain what theta represents, and how theta is used to determine how an options or warrants contract will behave over time.