ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for assisting, but does that suggest theta pnl only partially offsets Gamma pnl instead of thoroughly even if implied vol = recognized vol? Mainly because assuming curiosity charges are zero, there isn't any other source of making funds. $endgroup$ WillWill 13344 https://www.youtube.com/watch?v=qMmsQ4kKgY4