ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for serving to, but does that signify theta pnl only partially offsets Gamma pnl instead of completely even if implied vol = recognized vol? Because assuming desire charges are zero, there is no other source of making income. $endgroup$ La mente https://www.youtube.com/watch?v=qMmsQ4kKgY4