ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for assisting, but does that suggest theta pnl only partly offsets Gamma pnl rather than thoroughly even if implied vol = realized vol? Due to the fact assuming curiosity charges are zero, there is no other source of building revenue. $endgroup$ Imagine https://www.youtube.com/watch?v=qMmsQ4kKgY4