So I entered short right when it broke the 5-minute FVG (arrow) and purchased the contract for $135. My stop loss was set at the swing high at $110. The option contract showed the price at the swing high as $110. However, my stop loss was triggered (circle), and the contract went to $105.
How is that possible, considering it was a lower high and nowhere near the swing high ($110)? ChatGPT said it could be due to theta, IV, the Greeks, etc. I just want to make sure that’s actually the case. Thanks.
0DTE spx $6,960 put
Purchased 2 contracts @ $135 13:38 EST
Stop loss triggered and sold 2 contracts @ $115 even though my stop price was $110 13:45 EST