Just waiting on theta to work

Theta is the term for the amount that options expire every day ...

The idea in a neutral trade is to make sure that Delta, the amount that the price of the underlying moves around, doesn't go too far until Theta overwhelms it (and the option price heads toward zero).

Here's our current chart:

Trade Date	Result	Profit/Loss
02/06/2017	Lost	-18%
02/13/2017	Lost	-16%
02/21/2017	Won	+15.4%
02/27/2017	Won	+17%
03/06/2017	Open
03/13/2017	Open
03/20/2017	Open
03/27/2017	Open

The trade from 03/06 should come off with a profit before next Monday (knock wood) ...