NOT KNOWN FACTUAL STATEMENTS ABOUT PNL

Should you hedge each moment, you wouldn't notice the complete pnl in the bigger SD moves but you do seize the complete pnl from the smaller intraday moves. Conversely, if You merely hedge after each day, you won't notice the complete pnl from the smaller intraday moves (like in the instance) but you should in return understand the entire pnl in th