ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for assisting, but does that suggest theta pnl only partially offsets Gamma pnl rather than completely regardless of whether implied vol = realized vol? For the reason that assuming interest premiums are zero, there is absolutely no other supply of generating https://www.youtube.com/watch?v=qMmsQ4kKgY4