Which of the Following Statements Best Describes the Nature of Option

Multiple Choice

Which of the following statements best describes the nature of option time value decay?

A) time value decays more rapidly as the stock price approaches being at-the-money
B) time value decays more rapidly as expiration approaches
C) time value decays more rapidly for put option than call options
D) time value decay does not occur for collar option strategies
E) time value decay is detrimental for a trader who is short call options