LITTLE KNOWN FACTS ABOUT PNL.

When you hedge every minute, You would not know the entire pnl from the much larger SD moves however, you do seize the full pnl of the scaled-down intraday moves. Conversely, if You merely hedge once a day, you will not comprehend the total pnl from the scaled-down intraday moves (like as part of your example) but you would probably in return notic