ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for encouraging, but does that suggest theta pnl only partially offsets Gamma pnl and never completely even though implied vol = recognized vol? Due to the fact assuming fascination costs are zero, there is absolutely no other supply of making cash. $endgroup$ https://www.youtube.com/watch?v=qMmsQ4kKgY4