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.