system
A chat on subreddit /r/wallstreetbets
human
thinking same thing.  theta calculation doesnt go into effect unless it rotates the 24 hours i think

gpt
Everyone keeps arguing about this and i cant find a real answer. S-B algorithm lists the time as a variable. I think its actually constantly applied on a second interval but how price action moves and other variables are more important so you may not notice theta until you start approaching end of the day.