noun
General Slang
Theta gang
· noun · finance
Options sellers who farm time decay instead of betting on direction.
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Definitions
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Traders who sell options — covered calls, cash-secured puts, iron condors — to collect premium that bleeds away as expiry approaches. The trade-off: tiny steady wins, until one black-swan move blows up a year of profits. Self-identified Theta Gang lives on Reddit and treats degenerate call-buyers (loss porn / r/wallstreetbets) as the natural enemy.
“Bro joined theta gang in 2021, made bank for two years, then GameStop wiped him out in a week.”
by community
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Theta gang In A Sentence
Bro joined theta gang in 2021, made bank for two years, then GameStop wiped him out in a week.
Origin & Usage
Reddit, around 2018 — community formed on r/thetagang as a calmer counterpart to r/wallstreetbets.
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