ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for encouraging, but does that necessarily mean theta pnl only partly offsets Gamma pnl instead of thoroughly regardless of whether implied vol = understood vol? Simply because assuming desire charges are zero, there isn't a other source of creating money. $endgroup$ https://pnl67776.link4blogs.com/55381899/the-smart-trick-of-pnl-that-no-one-is-discussing