5 ESSENTIAL ELEMENTS FOR PNL

If you hedge each moment, You would not notice the total pnl on the bigger SD moves but you do seize the full pnl of your more compact intraday moves. Conversely, if You simply hedge as soon as on a daily basis, you won't know the total pnl from the lesser intraday moves (like within your case in point) but you'll in return recognize the entire pnl