My Daily Blog is at: investorandtrader.blogspot.com So, I had that series regarding Futures, and Commodity Futures. What about options on Futures? I’ve been discussing that. Ok. We’ve gone through the Futures, and had a whole series on Commodity Futures. We discussed why options are valuable. We discussed what is meant by the term “Put” option, and “Call” option. We discussed the five components of pricing with the Black – Scholes model. We discussed the first two components of an options value, in the delta and the gamma. Now, let’s turn to the aspect of time, or ‘theta’.NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other trader. who should make their own decisions based off their own research.