ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for supporting, but does that indicate theta pnl only partially offsets Gamma pnl rather than entirely although implied vol = understood vol? Because assuming fascination fees are zero, there is no other supply of generating revenue. $endgroup$ Envision this trade can https://www.youtube.com/watch?v=qMmsQ4kKgY4