Let $\tau$ be a faithful normal semifinite trace on a von Neumann algebra $\mathcal M$.
If $1<p<\infty$ and $E$ is a nonempty subset of $\mathrm L^p(\mathcal M,\tau)_+$ such that
- for every $x\in E$ and $y\in E$, there is a $z\in E$ such that $x\leq z$ and $y\leq z$,
- $\sup_{x\in E}\|x\|_{\mathrm L^p(\mathcal M,\tau)}<\infty$,
does $E$ necessarily have a supremum in $\mathrm L^p(\mathcal M,\tau)_+$? And if it does, does the filter of sections of $E$ converge to $\sup E$ in $\mathrm L^p(\mathcal M,\tau)$ (i.e. for every $\varepsilon>0$, is there a $x\in E$ such that $\mathopen\|\sup E-y\|_{\mathrm L^p(\mathcal M,\tau)}\leq\varepsilon$ whenever $y\in E$ satisfies $y\geq x$)?
This is true in classical $\mathrm L^p$ spaces over a measure space and can be shown using, among other things, the fact that $a^p+b^p\leq (a+b)^p$ for every nonnegative real numbers $a$ and $b$. But this inequality, I believe, does not generalize to positive operators.