ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for aiding, but does that signify theta pnl only partly offsets Gamma pnl instead of absolutely regardless of whether implied vol = understood vol? For the reason that assuming desire fees are zero, there isn't any other supply of generating funds. https://www.youtube.com/watch?v=qMmsQ4kKgY4