Option Theta (Indicator)Analysis Techniques & Strategies
Option Theta (Indicator)| Name | Expression | Default | Description |
| ExpMonth_MM | Numeric | 0 | The month (1-12) the option expires |
| ExpYear_YYYY | Numeric | 0 | The year the option expires. |
| StrikePr | Numeric | 0 | The option strike price |
| Rate100 | Numeric | 0 | Risk free interest rate |
| Volty100 | Numeric | 0 | Annualized volatility |
| PutCall | Numeric | Put | The type of option (Put=2, Call=3) |
Using the Black Scholes option pricing model calculation, plots the Greek Theta risk value of an option based on the underlying symbol in the chart. You must specify the option input information. Theta is the options time to expiration risk
| Number | Name | Default Color | Description |
| Plot1 | Theta | Red | Plots the options theta value |
When applied to a chart, this indicator displays one plot in a separate subgraph from the price data.
