ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for aiding, but does that suggest theta pnl only partially offsets Gamma pnl and not totally even though implied vol = recognized vol? Since assuming interest rates are zero, there's no other source of producing revenue. $endgroup$ Picture that this trade can https://titusjuusr.bloggazzo.com/33156722/the-fact-about-pnl-that-no-one-is-suggesting