PNL OPTIONS

$ From the "operate case" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a little bit)WillWill 13344 bronze badges $endgroup$ 4 $begingroup$ Did you not say initially that $V$ is self-funding? In that situation there isn't any cost to finance it and also the PnL is usually just $V_T-V_t$ in between any two time