THE FACT ABOUT PNL THAT NO ONE IS SUGGESTING

Should you hedge each individual moment, You would not realize the entire pnl on the bigger SD moves however you do seize the entire pnl of the more compact intraday moves. Conversely, if you only hedge at the time each day, you won't know the total pnl from your smaller intraday moves (like as part of your instance) but you would in return know th