I saw some textbooks use B-S equation to explain why gamma and theta have opposite signs in most of the cases. For example, John Hull's classic book.
The explanation is, first write B-S equation in terms of greeks:
∂V∂t+rS∂V∂S+12σ2S2∂2V∂S2=rV
Θ+rSΔ+12σ2S2Γ=rV
Θ+12σ2S2Γ=r(V−SΔ)
Do we need to assume r=0, in order to draw the conclusion that gamma and theta have opposite signs?
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