Theta decaying in options

Does theta decay happen even during the market hours and is it reflected? Or will it happen(reflected) post market time?

theta decay happens during market hours only in real-time, talking about weekly expiry… it might not be that obvious on friday or monday but from tuesday onwards as expiry day is coming close, if you observe option prices to movement in nifty you can see theta decay playing out.

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@siva Theta decay happens in future or only in option. Commodity trade

In options only, said that the far the future the more it will have premium or discount to spot, in commodiites it is called as contango or backwardation. Check here.

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