Weekly Options

I'm going to open this blog with a post about weekly options. For an income investor who sells options, the advent of weekly options is the greatest thing since sliced bread. For many option income strategies, time decay will be the option sellers best friend. In a weekly option, time value decays extremely fast. In addition, a new option can be sold weekly rather than monthly. (Of course some savvy traders buy and sell an option multiple times in a month as it moves through it's chart's price cycle.)