Puzzled?

I have a xsp 269 call option for April3rd. at one point xsp went up to 246 but the call went down 50. This doesn't make sense. can anyone explain this? Thanks

 

It can and does happen when implied vols drop significantly.

 

What is xsp?

 

spx for poor people. Just kidding, but it's mainly designed for people trading small accounts.

 

It does make sense, your options doesn't have a lot of delta nor gamma. If the vol goes down, so does the premium.
Next time trade atm or ditm options if you want to trade the underlying, DITM has the delta, ATM peak gamma and near 50 delta.

 

wrong after the first two. the first key point. they often think they are long vol when they are not. who is in charge. its a bearocratic mess