ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for supporting, but does that signify theta pnl only partly offsets Gamma pnl rather than thoroughly whether or not implied vol = recognized vol? Mainly because assuming fascination premiums are zero, there isn't a other source of making cash. $endgroup$ La https://www.youtube.com/watch?v=qMmsQ4kKgY4