ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for assisting, but does that imply theta pnl only partially offsets Gamma pnl and never thoroughly regardless of whether implied vol = recognized vol? Simply because assuming interest prices are zero, there isn't any other source of producing funds. $endgroup$ the discovered https://www.youtube.com/watch?v=qMmsQ4kKgY4