Why is my put option losing money when the stock is going down?
Could you possibly explain to me, in simple terms, why it seems that my put option is actually losing money despite the fact that the stock price is trending downwards? I'm trying to understand the intricacies of the financial market, and this particular situation seems counterintuitive to me. Is there something I'm missing in terms of how put options work, or are there other factors at play that might be affecting the value of my investment? Any insight you could provide would be greatly appreciated.