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

In case you hedge each and every moment, you wouldn't notice the total pnl from the larger sized SD moves however you do seize the total pnl of your scaled-down intraday moves. Conversely, if You simply hedge once a day, you won't notice the complete pnl from your lesser intraday moves (like as part of your illustration) but you should in return co