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theta

 
Dictionary: the·ta   (thā'tə, thē'-) pronunciation
n.
The eighth letter of the Greek alphabet.

[Greek thēta, of Phoenician origin, akin to Hebrew ṭêt, teth.]


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A measure of the rate of decline in the value of an option due to the passage of time. Theta can also be referred to as the time decay on the value of an option. If everything is held constant, then the option will lose value as time moves closer to the maturity of the option.

Theta is part of the group of measures known as the "Greeks" (other measures include delta, gamma and vega) which are used in options pricing.

Investopedia Says:
For example, if the strike price of an option is $1,150 and theta is 53.80, then in theory the value of the option will drop $53.80 per day.

The measure of theta quantifies the risk that time imposes on options as options are only exercisable for a certain period of time. Time has importance for option traders on a conceptual level more than a practical one, so theta is not often used by traders in formulating the value of an option.

Theta is the 8th letter in the Greek alphabet.

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Scholarly journal of parapsychology published quarterly by the Psychical Research Foundation. Its title derives from the initial letter of the Greek word, Thanatos (death) and its concern is mainly with research on the problem of survival of bodily death. It was edited for many years by William G. Roll.Theta has been published since 1963. The publication can be reached c/o Dr. Andrew Nichols, P.O. Box 142193, Gainesville, FL 32614-2193.

Wikipedia: Theta
Top
Theta uc lc.svg
Greek alphabet
Αα Alpha Νν Nu
Ββ Beta Ξξ Xi
Γγ Gamma Οο Omicron
Δδ Delta Ππ Pi
Εε Epsilon Ρρ Rho
Ζζ Zeta Σσς Sigma
Ηη Eta Ττ Tau
Θθ Theta Υυ Upsilon
Ιι Iota Φφ Phi
Κκ Kappa Χχ Chi
Λλ Lambda Ψψ Psi
Μμ Mu Ωω Omega
Obsolete letters
Digamma uc lc.svg Digamma Qoppa uc lc.svg Qoppa
San uc lc.svg San Sampi uc lc.svg Sampi
Other characters
Stigma uc lc.svg Stigma Sho uc lc.svg Sho
Heta uc lc.svg Heta

Greek diacritics

Theta (uppercase Θ, lowercase θ or ϑ; Greek: Θήτα) is the eighth letter of the Greek alphabet, derived from the Phoenician letter Teth. In the system of Greek numerals it has a value of 9. In Classical Greek θ represented an aspirated voiceless dental plosive (/t̪ʰ/), but in Koiné and later dialects it became a voiceless dental fricative /θ/. In American English the name of the letter is commonly pronounced /ˈθeɪtə/. In British English, it is pronounced /ˈθiːtə/.

Letters such as the early Cyrillic letter fita (Ѳ, ѳ) developed from θ.

In its archaic form, θ was written as:

  • a cross within a circle (A symbol of a cross within a circle or Another symbol of a cross within a circle)
  • and later, as a line or point within a circle (The symbol of a line within a circle or The symbol of a point within a circle).

According to Porphyry of Tyros, the Egyptians used an X within a circle as a symbol of the soul; having a value of nine, it was used as a symbol for Ennead. Johannes Lydus says that the Egyptians used a symbol for Kosmos in the form of theta, with a fiery circle representing the world, and a snake spanning the middle representing Agathos Daimon (literally: good spirit).[1]

The Egyptians also used the symbol of a point within a circle (The symbol of a point within a circle, the sun disc) to represent the sun, which might be a possible origin of its use as the Sun's astrological glyph. It is worthwhile to note that θῆτα (theta) has the same numerical value in isopsephy as Ηλιος (Helios): 318.

In classical Athens, it was used as an abbreviation for the Greek θάνατος (thanatos, “death”) and as it vaguely resembles a human skull, theta was used as a warning symbol of death, in the same way that skull and crossbones are used in modern times. It survives on potsherds used by Athenians when voting for the death penalty.[1] Petrus de Dacia in a document from 1291 relates the idea that theta was used to brand criminals as empty ciphers, and the branding rod was affixed to the crossbar spanning the circle.[2]

Contents

Symbol

The lower-case letter θ is used as a symbol for:

The upper-case letter Θ is used as a symbol for:

The common usage of theta in mathematical problems began with the Greeks. They logically chose this Greek symbol since it was the next in their alphabet not yet used and was easily legible when recreating for multiple uses. Archaic crossed forms of theta are seen in the wheel letters of Linear A, Linear B, and Egyptian hieroglyphics, the mathematical tensor product, exclusive disjunction, and direct sum operators, the astrological symbol for the Earth (as already mentioned), and the Celtic cross. The circumpunct, or circled dot, is seen in a wide range of places.

Usage in names

  • Theta Nu Kappa is a Multi-Cultural Academic Fraternity, Founded in 2007 at University of California, Santa Barbara
  • Theta is also the name of a melodic death metal band based in Plattsburgh, New York.
  • Theta is the name of a biological weapon and boss featured in the Atari video game Area 51.
  • In generative grammar, theta roles are representations of a constituent's syntactic and semantic contributions to a sentence.
  • In the machinima Red vs Blue, Theta is the AI of the Freelancer North Dakota.
  • In Scientology, the word "theta" is often used as an adjective to express or convey a sense of spirituality or uplifting feeling. See also thetan, the Scientology term for "spirit".
  • Theta Sigma is one of The Doctor's nicknames in the BBC Drama Doctor Who.
  • Kappa Alpha Theta is a women's fraternity whose members are designated “Thetas”.
  • Theta Phi Alpha is a sorority.
  • Theta Sigma Chi is a women's social club at Oklahoma Baptist University
  • Theta Sigma Chi is a sorority at Austin College, Sherman, Texas, founded in 1985.
  • Phi Delta Theta is a Fraternity
  • Theta refers to a member of Sigma Phi Theta, a local fraternity at Texas Lutheran University.
  • Thetamen is a nickname also used by the fraternity Iota Phi Theta.
  • Theta Chi is a college social fraternity.
  • Theta refers to a member of the Alpha Pi Theta Brotherhood of Emerson College.
  • Theta Sigma Tau is a local Fraternity at Ripon College in Ripon Wisconsin [1]
  • The Theta Society is a non-collegiate social sorority, women ages 35 and older, in Texas.
  • In the video game Fallout 3, one of the available radio frequencies is Recon Craft Theta which leads to a crashed UFO. It is mainly used to get to a ship named Mothership Zeta, which is available in the downloadable content of the same name.

Notes

  1. ^ a b Barry, Kieren (1999), The Greek Qabalah: Alphabetic Mysticism and Numerology in the Ancient World, Samuel Weiser, p. 73, ISBN 1-57863-110-6.
  2. ^ Kaplan, Robert (2000), The Nothing that Is: A Natural History of Zero, Oxford University Press, p. 66, ISBN 0-1951-4237-3.

See also


 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Occultism & Parapsychology Encyclopedia. Encyclopedia of Occultism and Parapsychology. Copyright © 2001 by The Gale Group, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Theta" Read more