ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for encouraging, but does that necessarily mean theta pnl only partly offsets Gamma pnl and not totally even when implied vol = recognized vol? For the reason that assuming desire premiums are zero, there isn't a other supply of generating funds. $endgroup$ https://pnl80123.izrablog.com/34586390/the-pnl-diaries