NOT KNOWN FACTUAL STATEMENTS ABOUT PNL

In case you hedge each moment, You would not comprehend the full pnl with the bigger SD moves but you do seize the full pnl with the smaller sized intraday moves. Conversely, if you only hedge the moment per day, you won't comprehend the full pnl with the smaller sized intraday moves (like in your illustration) but you would in return notice the to