$ From the "perform circumstance" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a little bit) WillWill 13344 bronze badges $endgroup$ four $begingroup$ Did you not say to begin with that $V$ is self-financing? In that circumstance there isn't a Value to finance it https://troypfqal.tkzblog.com/33874723/examine-this-report-on-pnl