ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for helping, but does that signify theta pnl only partially offsets Gamma pnl and not totally even when implied vol = recognized vol? Due to the fact assuming fascination rates are zero, there is no other supply of creating revenue. $endgroup$ https://www.youtube.com/watch?v=qMmsQ4kKgY4