ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for encouraging, but does that mean theta pnl only partially offsets Gamma pnl rather than thoroughly even though implied vol = understood vol? Mainly because assuming fascination premiums are zero, there is absolutely no other supply of creating money. $endgroup$ I'm specially https://www.youtube.com/watch?v=qMmsQ4kKgY4