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

When you hedge every single minute, You would not understand the entire pnl on the bigger SD moves however , you do capture the full pnl of your more compact intraday moves. Conversely, if You simply hedge as soon as a day, you won't notice the total pnl in the scaled-down intraday moves (like inside your case in point) but you'd probably in return