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OptionNet Explorer 0 line
- Thread starter Chad
- Start date
It will not go above zero unless you made a profit so since you just entered you don't have a profit yet and also probably paid a little more than the Mid so you have a small loss so that is normal under the circumstances
If you just want to see it above zero you should enter a price better than the mid so if you get filled it will be slightly above zero if the market did not move much since then
If you just want to see it above zero you should enter a price better than the mid so if you get filled it will be slightly above zero if the market did not move much since then
I'm actually 300 in profit according to Tasty. But showing negative 429 in OptionnetIt will not go above zero unless you made a profit so since you just entered you don't have a profit yet and also probably paid a little more than the Mid so you have a small loss so that is normal under the circumstances
If you just want to see it above zero you should enter a price better than the mid so if you get filled it will be slightly above zero if the market did not move much since then
FWIW: That dot on the T+0 line should always be SUM(cash flow + Position Value), where cash flow is what left your account or came into your account relating to the trades. You may be able to find which is incorrect to aid in troubleshooting root cause. -- Commissions: 160?
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I use ONE and Tastyworks. I had a similar P/L mismatch, but the difference was less than half of the difference you are reporting ($300-$429=$729).
Your post shows two option chains that both expire on April 14 2022. Your ONE position is in the "SPXPM" which is the weekly. The other (no label in ONE) is likely the monthly (AM expiration) option. The monthly option (no label in ONE) is labeled "AM" in Tastyworks (the TW weeklies are labeled "W"). Make sure that that your Tastyworks actual position is not in that Monthly option chain (labeled "AM") whereas your ONE position is in the separate Weekly (labeled "SPXPM" in ONE) option chain.
My position with the P/L mismatch WAS entered in two different option chains - the (unlabeled) monthly in ONE and the ("W" labeled) weekly in Tastyworks. A tipoff that this has happened is that the profit/loss difference appears immediately on position entry.
When I re-entered my position correctly ("SPXPM") in ONE the P/L matched very well.
BTW, the "SPXPM" label is a holdover from when the weeklies were being phased in, used when the weekly expiry was the same as the original monthly. The official (exchange?) policy is that the current label should be "SPXW" like the other weeklies.
ADDITION: While it may still be your problem is a mismatch of options with the same expiration date as described above, having researched further I am less sure that all SPXPM, subsequently labeled SPXW, options are weeklies. I find the the CBOE language confusing. Perhaps someone more knowledgeable can clarify these naming conventions more precisely. Sorry for any inaccuracies.
Your post shows two option chains that both expire on April 14 2022. Your ONE position is in the "SPXPM" which is the weekly. The other (no label in ONE) is likely the monthly (AM expiration) option. The monthly option (no label in ONE) is labeled "AM" in Tastyworks (the TW weeklies are labeled "W"). Make sure that that your Tastyworks actual position is not in that Monthly option chain (labeled "AM") whereas your ONE position is in the separate Weekly (labeled "SPXPM" in ONE) option chain.
My position with the P/L mismatch WAS entered in two different option chains - the (unlabeled) monthly in ONE and the ("W" labeled) weekly in Tastyworks. A tipoff that this has happened is that the profit/loss difference appears immediately on position entry.
When I re-entered my position correctly ("SPXPM") in ONE the P/L matched very well.
BTW, the "SPXPM" label is a holdover from when the weeklies were being phased in, used when the weekly expiry was the same as the original monthly. The official (exchange?) policy is that the current label should be "SPXW" like the other weeklies.
ADDITION: While it may still be your problem is a mismatch of options with the same expiration date as described above, having researched further I am less sure that all SPXPM, subsequently labeled SPXW, options are weeklies. I find the the CBOE language confusing. Perhaps someone more knowledgeable can clarify these naming conventions more precisely. Sorry for any inaccuracies.
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