THE FACT ABOUT PNL THAT NO ONE IS SUGGESTING

In the event you hedge every moment, you wouldn't notice the complete pnl from the greater SD moves however , you do capture the full pnl in the smaller intraday moves. Conversely, if You simply hedge after on a daily basis, you will not comprehend the full pnl with the more compact intraday moves (like in your illustration) but you'd probably in r