$ In the "function scenario" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a little) WillWill 13344 bronze badges $endgroup$ 4 $begingroup$ Did you not say initially that $V$ is self-funding? In that scenario there is absolutely no Price to finance it and the https://rowanjquxc.dsiblogger.com/67097003/indicators-on-pnl-you-should-know