NOT KNOWN FACTS ABOUT PNL

Should you hedge each moment, You would not comprehend the full pnl with the greater SD moves but you do seize the total pnl of the lesser intraday moves. Conversely, if You merely hedge after every day, you won't notice the complete pnl in the scaled-down intraday moves (like within your case in point) but you'll in return realize the entire pnl i