5 ESSENTIAL ELEMENTS FOR PNL

That isn't the same as the pnl equalling the price paid, rather the expected pnl from the strategy would be the same as the option value. $endgroup$To produce the two methods equivalent you should think of investing/borrowing $PnL_1$ at rate $r$ making sure that it stays during the system till $t_2,.$ At that time your$begingroup$ For an alternativ