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What Option Greek Is Highest for OTM Options?

Theta is the most relevant Greek for OTM options as they are pure time value.
Greeks.Live22.11.25

What Option Greek Is Highest for OTM Options?

While Gamma is highest for ATM options, the Greek most relevant to OTM options is Theta. Theta represents the time decay that erodes the premium, which is entirely time value for OTM options.

Delta is lowest for OTM options, approaching zero.

What Is “Theta” and How Does It Measure Time decay’S Effect on an Option’s Value?
Why Is Theta Highest for At-the-Money Options?
In Which Specific DeFi Sub-Sectors Is TVL Considered a More Relevant Metric?
What Is ‘Time Decay’ or ‘Theta’ in Options?

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