ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for aiding, but does that suggest theta pnl only partially offsets Gamma pnl instead of entirely whether or not implied vol = recognized vol? Mainly because assuming fascination costs are zero, there is absolutely no other source of creating money. $endgroup$ In https://louisteowg.onzeblog.com/34116667/the-ultimate-guide-to-pnl