PNL FOR DUMMIES

$ In the "do the job situation" you liquidate the portfolio at $t_1$ realising its PnL (allow me to simplify the notation a little bit)$begingroup$ For those who have a look at just just one case in point, it may well appear to be the frequency of hedging right outcomes the EV/Avg(Pnl), like in the situation you explained the place hedging each and