ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for aiding, but does that indicate theta pnl only partially offsets Gamma pnl and never totally even though implied vol = realized vol? Simply because assuming curiosity charges are zero, there's no other source of making money. $endgroup$ I'm significantly keen on https://www.youtube.com/watch?v=qMmsQ4kKgY4