ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for aiding, but does that indicate theta pnl only partially offsets Gamma pnl and not completely whether or not implied vol = recognized vol? Because assuming curiosity prices are zero, there is absolutely no other supply of earning revenue. $endgroup$ Meanwhile it's https://www.youtube.com/watch?v=qMmsQ4kKgY4