THE FACT ABOUT PNL THAT NO ONE IS SUGGESTING

In the event you hedge each individual minute, You would not realize the complete pnl from the larger sized SD moves however, you do seize the full pnl with the smaller sized intraday moves. Conversely, if You simply hedge after on a daily basis, you will not notice the complete pnl from the smaller sized intraday moves (like as part of your exampl