ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for serving to, but does that mean theta pnl only partly offsets Gamma pnl instead of entirely regardless of whether implied vol = realized vol? For the reason that assuming interest premiums are zero, there isn't a other supply of producing https://www.youtube.com/watch?v=qMmsQ4kKgY4