ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for aiding, but does that signify theta pnl only partially offsets Gamma pnl and not entirely although implied vol = understood vol? Since assuming curiosity prices are zero, there is absolutely no other source of building revenue. $endgroup$ $begingroup$ For a choice https://www.youtube.com/watch?v=qMmsQ4kKgY4