system
A chat on subreddit /r/wallstreetbets
human
I guess my question is it's not like its a continuous decay, right? Theta sort of comes out when it comes out and I'm wondering if the mekanism it comes out in, is when market makers feel like they won't be able to get all their orders filled so they drop the price of them to help get them filled?

gpt
Ah, gotcha. Theta changes over the life of the option, depending where the option is (itm, otm, etc.) so it's not continuous. To my knowledge, it is calculated independent of a market makers' role. But wtf do I know (hint: almost nothing.) I just like selling it and collecting it.