ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for supporting, but does that necessarily mean theta pnl only partly offsets Gamma pnl and never totally even though implied vol = realized vol? Because assuming interest prices are zero, there isn't any other source of earning money. $endgroup$ La agudeza sensorial https://www.youtube.com/watch?v=qMmsQ4kKgY4