 This course is on time decay. Time decay is a pivotal component of option strategies. In fact, time decay alone is responsible for the majority of advanced option strategies. You've heard me mention options are wasting assets and they lose value every day. The buyer gets hurt from time decay and the seller benefits from time decay. Every day the buyer of an option holds the option. They lose more and more and the seller benefits. And time decay becomes more exponential as we approach the expiry. Time decay is also the great equalizer for the seller. In the previous courses on calls and puts, we felt that the risk reward picture was skewed to the buyer's advantage. Well, time decay is the equalizer in favor of the seller. In this course, we'll do a recap of the call and put options and the buyer's seller risk and reward profile. Then we'll take up the same examples we did in the call and put option courses. We'll model how time decay works on options using these examples. Then we'll go real-time into the market and study the options on Apple and see time decay in action.