Can a Portfolio Be Theta-Neutral and Gamma-Positive Simultaneously?
Yes, a portfolio can be Theta-neutral and Gamma-positive simultaneously. This is often achieved through strategies like buying a calendar spread (which can be net Gamma-positive and Theta-neutral) or a combination of options and underlying asset positions.
The goal is to profit from price movement (Gamma) while eliminating the daily cost of time decay (Theta).
