ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for serving to, but does that necessarily mean theta pnl only partly offsets Gamma pnl rather than thoroughly although implied vol = realized vol? Since assuming interest fees are zero, there isn't any other supply of producing revenue. $endgroup$ In the https://www.youtube.com/watch?v=qMmsQ4kKgY4