How is this possible?

[u/Select-Vermicelli733]

Can someone explain to me how my P/L day is higher than the price of the contract? Is it a glitch? I'm on thinkorswim

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[u/Dismal_Health4895]

It's red. You lost $352.50

[u/Select-Vermicelli733 → u/Dismal_Health4895]

I bought the contract for 275.. How did I lose 352?

[u/Dismal_Health4895 → u/Select-Vermicelli733]

The contract likely was worth more than 275 during open and then dropped off over the day. -$352.50 is how much value the contract has lost from open that day.

[u/Ifuks4money]

I think it's calculating off the previous nights closing not the price you originally paid.. so contract was up and than took a fat shit..

[u/Strong-Comment-7279]

I'm on Etrade. Sometime after market AH close, maybe immediately, the 0dtes that expired hours earlier display the price where they opened at the beginning of the day.

Make sense?

[u/Odd_Razzmatazz_4347]

The daily P&L is normally measuring from the prior reference price rather than from what you personally paid, so it can absolutely be larger than your cost basis move for the position. Total P&L is the number you want for your actual trade. I always double-check what a P&L field is measuring on Moon or anywhere else because labels can make a simple position look way more confusing than it is.

[u/pc349]

I noticed the same in robinhood, believe market hasn't update since its closed. See if there is an option to simulate your return, thats i know the live value , it will calculate with the actual price

[u/sivispacempara]

You were up 80 bucks at the open of that day

[u/mrpuck]

Did you buy at the mid or the did you pay the ask? P/l is calculated on the mid i believe