ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for assisting, but does that imply theta pnl only partially offsets Gamma pnl and not thoroughly even when implied vol = understood vol? For the reason that assuming fascination premiums are zero, there's no other supply of creating revenue. $endgroup$ WillWill https://jeffreyglqvy.yomoblog.com/40681298/the-fact-about-pnl-that-no-one-is-suggesting