ExIRExIR 16711 bronze badge $endgroup$ 1 $begingroup$ Many thanks for supporting, but does that indicate theta pnl only partially offsets Gamma pnl rather than thoroughly even when implied vol = understood vol? Mainly because assuming interest charges are zero, there isn't any other source of making dollars. $endgroup$ Depreciation = https://www.youtube.com/watch?v=qMmsQ4kKgY4