ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for supporting, but does that suggest theta pnl only partially offsets Gamma pnl and not absolutely regardless of whether implied vol = recognized vol? Due to the fact assuming fascination premiums are zero, there isn't a other source of producing income. https://www.youtube.com/watch?v=qMmsQ4kKgY4