AN UNBIASED VIEW OF PNL

That is not the same as the pnl equalling the worth compensated, as a substitute the envisioned pnl from the technique would be similar to the option value. $endgroup$To make The 2 solutions comparable you need to think about investing/borrowing $PnL_1$ at charge $r$ to ensure it stays inside the process right until $t_2,.$ At the moment yourEl may