ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for aiding, but does that suggest theta pnl only partially offsets Gamma pnl instead of absolutely even if implied vol = understood vol? Mainly because assuming curiosity costs are zero, there is absolutely no other source of producing income. $endgroup$ $begingroup$ For https://www.youtube.com/watch?v=qMmsQ4kKgY4