HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

$ While in the "do the job circumstance" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a little)Vega and Theta are sensetivities to volatility and time, respectively, so their contribution would be:Now, in the above rationalization, we assumed the inventory was executing on some continuous vol at all times in