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

For those who hedge each and every minute, You would not notice the complete pnl with the larger SD moves but you do capture the complete pnl from the more compact intraday moves. Conversely, if You merely hedge once per day, you won't notice the total pnl within the smaller sized intraday moves (like as part of your instance) but you'd in return r