I think I recognize the answer, I simply want to confirm. The P/L day tracks the trade as if I had opened it in ~ the start of the day. The P/L open up tracks just since the position has actually been opened. Therefore if the first day of hold a profession I view a much bigger P/L day than open, it method I didn't make the money yet I would have actually if I opened up my position at industry open. And also most work this won't matter, as I'll be holding the trade.

You are watching: What does p/l open mean

Yes?


Can you explain this, I'm tho not quite wrapping mine mind approximately it and also am obviously brand-new to tastyworks.

https://imgur.com/a/QD1VI1e


No - here's wherein I don't understand. I opened up the place this morning, about 30 min ~ open roughly 10am est. So my position absolutely wasn't under yesterday, right!?


If you're looking in ~ "P/L day" when markets are closed, it's wrong due to the fact that bid-ask values on TW can be wrong when sectors are closed.

I once complained come TW support about this and also they wrote ago with the adhering to explanation:

Since the P/L Day figure is based upon the Mid Price the the Option, if the market closes with really wide Bid/Ask spreads, or if we receive a negative mark to market, it will throw this figure off, until the market reopens the complying with morning.

This is much more of a seller issue, as they decide which note to upload. Unfortunately, this is the end of ours hands, as we execute not control what price the vendor will submit as the note to market.

I haven't seen this artifact with various other brokers though.


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Op · 3y

thanks for the added insight


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· 3y

If girlfriend don’t recognize P/L friend shouldn’t also be trading.

See more: The ____ Is Used To Collect Information Directly From The End Users And Business Managers.


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Op · 3y

4 month later, really, and also in a thread where it's clean it to be a discrepancy in exactly how tw details software treats p/l.... Being serious, is over there anything i can help with you, you have to be going v a hard time.


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