While ever an option is out of the money, time works gradually in the favour of the seller.

Question

Quizplus · Accepted Answer

When an option is out of the money, it means that the strike price is not favorable for the buyer to exercise the option. In this case, time decay or Theta works in favor of the option seller as there is a higher probability that the option will expire worthless. As the option gets closer to expiration, the time value component of the option decreases, benefiting the seller.

While Ever an Option Is Out of the Money, Time