GETTING MY PNL TO WORK

In case you hedge each moment, you wouldn't understand the entire pnl of your bigger SD moves however you do capture the total pnl from the smaller intraday moves. Conversely, if You simply hedge at the time daily, you will not realize the full pnl from your lesser intraday moves (like within your example) but you would probably in return realize t

In the event you hedge each minute, you wouldn't understand the full pnl with the bigger SD moves however, you do seize the total pnl with the smaller intraday moves. Conversely, if You merely hedge once every day, you will not notice the full pnl from your more compact intraday moves (like in your example) but you should in return comprehend the e