ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for aiding, but does that suggest theta pnl only partially offsets Gamma pnl and not absolutely even if implied vol = recognized vol? Because assuming desire costs are zero, there is absolutely no other source of making revenue. $endgroup$ Meanwhile it https://www.youtube.com/watch?v=qMmsQ4kKgY4