ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for supporting, but does that signify theta pnl only partly offsets Gamma pnl rather than entirely regardless of whether implied vol = understood vol? For the reason that assuming fascination costs are zero, there is absolutely no other supply of generating dollars. https://www.youtube.com/watch?v=qMmsQ4kKgY4