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 fully even when implied vol = realized vol? Since assuming fascination costs are zero, there is absolutely no other source of creating funds. $endgroup$ Column https://pnl69023.liberty-blog.com/34209113/not-known-factual-statements-about-pnl