So recently I’ve been doing some options trading on a paper account to get some feel for how it all works out. What seems to be the case for a lot of the trades; I can’t seem to get a profit or cash out the profit it shows me. As an example I have included the put position above. Not necessarily my few on this company, but it seems it turned out to be true.
However, it says unrealized +-800, but it also says this stock needs to be at 104 for this position to be profitable. Like how? It’s a 117 put?? Can’t really seem to add those two up. I get that theres a breakeven point and that you should include the costs of the option if you want to make a profit, but this should be a profit regardless right? The put option has a far higher strike than the actual stock price. Curious if I’m missing something to get this right.
