ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Many thanks for supporting, but does that indicate theta pnl only partially offsets Gamma pnl rather than fully even when implied vol = realized vol? Because assuming desire prices are zero, there isn't a other source of creating money. $endgroup$ I'm especially serious https://www.youtube.com/watch?v=qMmsQ4kKgY4