ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for serving to, but does that necessarily mean theta pnl only partly offsets Gamma pnl and never absolutely even when implied vol = recognized vol? Mainly because assuming desire prices are zero, there's no other source of generating money. $endgroup$ $begingroup$ https://connerptxbd.blogs100.com/34573564/the-smart-trick-of-pnl-that-nobody-is-discussing