How Can a Trader Benefit from a Negative Theta Position?

A trader cannot directly benefit from a negative Theta position, as it represents a loss in premium due to time decay for a long option. However, the trader benefits if the underlying asset moves favorably enough to offset the Theta decay and make the option profitable.

For instance, a strong, quick move in a long call can overcome the daily Theta loss. The goal is a quick move before Theta erodes the value too much.