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'Opening' price on Oil Put


AMart2k20

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Hi guys, I wondered if someone could explain to me the 'opening' value for an Oil put? I bought a put yesterday for US crude when WTI was around $23 per barrel, strike 2000 (I am assuming this = $20) for May 2020. Now WTI is down to around $21.70 per barrel, and I have made a small amount of profit, but only £5. The opening price keeps moving on the positions tab - why is this? I bought 0.25 contracts which was $5 per point, and expected to be more than £5 in profit if oil has fallen by over $1 from $23 to mid $21. What am I not getting here?

Any help would be great. Thanks.

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Hi,

I am only new to options as well but I understand that the Options price for that strike will change due to volatility, demand and other factors that are calculated by the system.  This variation in the Put purchase of US Crude @ 2000 strike will most likely be different today than it was yesterday.

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