HOW MUCH YOU NEED TO EXPECT YOU'LL PAY FOR A GOOD PNL

In the event you hedge each individual minute, you wouldn't know the complete pnl in the bigger SD moves but you do capture the entire pnl of your smaller sized intraday moves. Conversely, if you only hedge after each day, you won't recognize the entire pnl in the more compact intraday moves (like in the case in point) but you'll in return recogniz