ExIRExIR 16711 bronze badge $endgroup$ one $begingroup$ Thanks for supporting, but does that necessarily mean theta pnl only partially offsets Gamma pnl and not totally even when implied vol = realized vol? Simply because assuming desire rates are zero, there is no other supply of building revenue. $endgroup$ $begingroup$ For https://www.youtube.com/watch?v=qMmsQ4kKgY4