ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for encouraging, but does that necessarily mean theta pnl only partly offsets Gamma pnl rather than thoroughly even if implied vol = realized vol? Because assuming interest charges are zero, there isn't a other supply of producing funds. $endgroup$ Column nine: https://pnl45443.thechapblog.com/33215361/the-greatest-guide-to-pnl