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

In case you hedge every minute, You would not recognize the entire pnl on the much larger SD moves however you do seize the total pnl of your scaled-down intraday moves. Conversely, if you only hedge when on a daily basis, you won't know the total pnl from the scaled-down intraday moves (like within your example) but you should in return comprehend