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

Should you hedge each and every minute, you wouldn't recognize the total pnl on the much larger SD moves however, you do capture the total pnl from the smaller intraday moves. Conversely, if You merely hedge at the time a day, you won't recognize the full pnl from the lesser intraday moves (like as part of your case in point) but you would probably