RE: Options question

[GREHERT@xxxxxxx]

I have a question about options.  I'm debating a point with a friend.

If you sell a call to make a profit on the premium shrinkage, I understand 
most of the shrinkage occurs in the last 30 days of the call.  My friend says 
this is true but if the stock moves away from the strike price, the premium 
goes away very early.

Question: (1) is this true?   (2) is it the same for LEAPs?

Thanks for your consideration.

Jerry Rehert