Before revision:  By using the stochastic control approach initiated by Galichon, Henry-Labordere and Touzi, we recover the optimal hedging strategies and the corresponding prices given by Vallois ' embeddings to the SEP . Furthermore, we extend the analysis to the two-marginal case .
After revision:  By using the stochastic control approach initiated in Galichon, Henry-Labord\`ere and Touzi, we recover the optimal hedging strategies and the corresponding prices given by Vallois ' embeddings to the SEP . Furthermore, we extend the analysis to the two-marginal case .