Jump to content
Sign in to follow this  

'Opening' price on Oil Put

Recommended Posts

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.

Share this post


Link to post

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.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×