NOT KNOWN DETAILS ABOUT PNL

When you hedge each minute, you wouldn't understand the full pnl of the larger SD moves however, you do capture the total pnl in the lesser intraday moves. Conversely, if You merely hedge when each day, you won't know the full pnl in the lesser intraday moves (like as part of your case in point) but you would in return realize the complete pnl with