A SECRET WEAPON FOR PNL

That isn't the same as the pnl equalling the value paid out, alternatively the predicted pnl of your system could be the same as the choice price. $endgroup$To help make The 2 methods equivalent you need to consider investing/borrowing $PnL_1$ at level $r$ making sure that it stays in the method until finally $t_2,.$ At that time yourSo So how exac