ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for encouraging, but does that signify theta pnl only partly offsets Gamma pnl rather than fully although implied vol = recognized vol? Due to the fact assuming fascination charges are zero, there's no other source of earning dollars. $endgroup$ Column nine: https://www.youtube.com/watch?v=qMmsQ4kKgY4