ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for helping, but does that mean theta pnl only partially offsets Gamma pnl instead of thoroughly even if implied vol = understood vol? Mainly because assuming desire costs are zero, there isn't any other supply of earning money. $endgroup$ The features that https://www.youtube.com/watch?v=qMmsQ4kKgY4