THE 2-MINUTE RULE FOR PNL

In case you hedge each and every minute, you wouldn't notice the full pnl in the bigger SD moves however, you do seize the full pnl on the more compact intraday moves. Conversely, if You simply hedge as soon as daily, you won't realize the total pnl within the scaled-down intraday moves (like in your instance) but you'll in return understand the en