NOT KNOWN FACTUAL STATEMENTS ABOUT PNL

In the event you hedge each and every minute, you wouldn't recognize the total pnl of the bigger SD moves but you do seize the total pnl of the more compact intraday moves. Conversely, if you only hedge the moment every day, you will not notice the total pnl within the lesser intraday moves (like inside your example) but you would in return underst