HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

If you hedge every moment, You would not recognize the full pnl on the greater SD moves but you do seize the full pnl of your scaled-down intraday moves. Conversely, if You simply hedge once a day, you won't realize the complete pnl within the more compact intraday moves (like within your case in point) but you'd probably in return realize the tota