Let $r$ be the trunk radius, and $\alpha$ and $\beta$ the angles formed by the two cut-planes with the horizontal plane, thus $\alpha+\beta=\theta$.
The equation for the trunk cylinder can be written as $x^2+y^2=r^2$, and the two cut-planes as $z_1=y\tan\alpha$ and $z_2=-y\tan\beta$. Then, integrate $z_1-z_2$ over a half-circle in the $xy$-plane to obtain its volume,
$$V = \int_{-r}^{r}\int_0^{\sqrt{r^2-x^2}}[y\tan\alpha -(-y\tan\beta)] \>dydx=\frac23 r^3(\tan\alpha+\tan\beta)$$
Next, with $\beta=\theta-\alpha$, take the derivative with respect to $\alpha$ and set it to zero to minimize $V$,
$$\sec^2\alpha - \sec^2\beta=0$$
which yields $\alpha = \beta$. Hence, the notch volume is minimal at equal angles of the cutting surfaces with the horizontal plane.