/biz/ - Business & Finance

>>51015889
post targeted at the upper crust of smg, only apply if you can see the zomma backwardation on your stolen bloomberg terminal

>>50893172

It is often said that theta decay accelerates the closer we get to option expiration.
Currently, a put for SPX@4000 with 1dte costs 2.55, while the same put with 2dte costs 5.88
This observation seems to contradict the theory by giving us a case where an option that is closer to expiry also has less theta to burn (2.55 per day vs 2.94 per day). Explain why this isn't so in one post, using the vannas, vegas and gammas.