What is Open Profit & Loss (P&L)?

Open P&L refers to the unrealized profit or loss of an open position. The calculation is derived as below:

1. Long Position: Open P&L = Open Position's (Last Done Price - Entry Price) x Quantity x Contract Multiplier

2. Short Position: Open P&L = Open Position's (Entry Price - Last Done Price) x Quantity x Contract Multiplier

To put it simply, it is the paper gain or loss represented by the current market value and price paid; also known as unrealized P&L. For example, if an investor buys 1 contract of ES expiring December of 24 at 4,100 and the current market price is 4,200, you will have an unrealized P&L of USD 5,000.

Example:

(4,200 - 4,100) x 1 x 50 = 5,000

Note: The above P&L calculation is before commission and fees.