ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for supporting, but does that mean theta pnl only partially offsets Gamma pnl instead of completely although implied vol = realized vol? Simply because assuming fascination prices are zero, there is not any other source of building cash. $endgroup$ $begingroup$ Assuming you https://www.youtube.com/watch?v=qMmsQ4kKgY4