ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for assisting, but does that suggest theta pnl only partially offsets Gamma pnl and not totally even if implied vol = understood vol? Mainly because assuming fascination charges are zero, there's no other source of generating funds. $endgroup$ La mente y el https://www.youtube.com/watch?v=qMmsQ4kKgY4