ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Thanks for helping, but does that imply theta pnl only partially offsets Gamma pnl instead of fully even when implied vol = realized vol? Due to the fact assuming curiosity prices are zero, there is absolutely no other source of building income. $endgroup$ https://pnl41963.dgbloggers.com/34528532/the-definitive-guide-to-pnl