NEW STEP BY STEP MAP FOR PNL

And this relies on the rebalancing frequency. But "anticipated P&L" refers to a mean more than all attainable price tag paths. So There may be not always a contradiction here. $endgroup$To generate The 2 methods similar you'll want to consider investing/borrowing $PnL_1$ at amount $r$ to ensure that it stays while in the procedure till $t_2,.$ At t