ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for encouraging, but does that signify theta pnl only partially offsets Gamma pnl and not totally even if implied vol = understood vol? Due to the fact assuming curiosity premiums are zero, there isn't a other supply of building income. $endgroup$ Imagine https://www.youtube.com/watch?v=qMmsQ4kKgY4