Glossary

DTE (Days to Expiration)

By Rohan Fernandes, Founder · Updated 2026-08-21 · Educational reference, not investment advice

DTE counts the calendar days until an option's expiration. Both theta decay and gamma risk are functions of it, which makes DTE the axis most entry and exit conventions are written on: enter credit structures around 30-45 DTE, manage or close by around 21 DTE.

The conventions encode the theta-gamma tradeoff: decay per day rises as DTE falls, but the risk that one move breaches a strike rises faster in the final weeks. Entering with 30-45 days and exiting near 21 harvests the favorable middle of the curve, the reasoning laid out in expiration selection.

Educational reference. Options Scanner is a software tool. It is not a broker-dealer, an investment adviser, or a fiduciary, and nothing on this page is investment advice or a recommendation to buy or sell any security. Options involve risk and are not suitable for every investor; read the Characteristics and Risks of Standardized Options before trading. Examples use hypothetical numbers for illustration only.