ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for helping, but does that necessarily mean theta pnl only partly offsets Gamma pnl and never fully even if implied vol = understood vol? Due to the fact assuming desire charges are zero, there is not any other source of earning dollars. https://sergiopuwzc.thelateblog.com/34583900/pnl-options