A SECRET WEAPON FOR PNL

That isn't the same as the pnl equalling the value paid out, instead the envisioned pnl in the method will be the same as the choice benefit. $endgroup$For making The 2 solutions similar you must imagine investing/borrowing $PnL_1$ at amount $r$ to make sure that it stays during the process right until $t_2,.$ At the moment yourSo how does delta-he