Re-Tag an LP Line After the Price Moves

If an LP sleeve is switched on, how does its volatile side count on this course's example page?

• As carry, because the position earns fees
• Toward the beta budget, at today's value
• It doesn't count until you withdraw

What happens to a concentrated position's fees once the price leaves its range?

• They double, because the position is now concentrated in one asset
• They stop, because the liquidity is no longer active
• They keep accruing at the same rate