ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for aiding, but does that indicate theta pnl only partially offsets Gamma pnl rather than completely even when implied vol = realized vol? Due to the fact assuming curiosity prices are zero, there isn't any other supply of building income. $endgroup$ However, https://www.youtube.com/watch?v=qMmsQ4kKgY4