HYPOTHETICAL TWO-STATE MODEL
What does the hedge change?
No live prices. No probability estimate. Not financial advice.
SETTLEMENT TAPE
Awaiting inputs.
EVENT WINS · HEDGED P&L-Unhedged -
EVENT LOSES · HEDGED P&L-Unhedged -
DOWNSIDE CHANGE-
UPSIDE COST-
EQUALIZER-
P&L = terminal token value + contingent payout - combined entry cost.