I sell a one month put option with 28% implied volatility today and I hedge my position continuously until maturity. In one month, I calculate that the realized volatility of the underlying asset was 16%. Did I make money or did I lose money? I sell a one month put option with 28% implied volatility today and I hedge my position continuously until maturity. In one month, I calculate that the realized volatility of the underlying asset was 16%. Did I make money or did I lose money