ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for aiding, but does that imply theta pnl only partially offsets Gamma pnl instead of fully even if implied vol = realized vol? Since assuming interest fees are zero, there isn't any other source of generating income. $endgroup$ La mente y el https://www.youtube.com/watch?v=qMmsQ4kKgY4