ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for assisting, but does that imply theta pnl only partly offsets Gamma pnl instead of entirely whether or not implied vol = recognized vol? Due to the fact assuming curiosity prices are zero, there is absolutely no other source of making revenue. https://www.youtube.com/watch?v=qMmsQ4kKgY4