Can you help me explain this payoff

When learning options every teacher talks about what will happen on expiry if you buy/sell option.

But I am not able to get my head around how to figure out the profit/loss I am making on daily movement. For instance I sold 7th April 17600 PE when Nifty was 17520. (Please see the screenshot) And at the time this screenshot was taken Nifty was stop was 17590.

I am wondering why I am making profit of 1500 something?

Can anyone please help me explain.

#newtooptions #learner

Selling puts is a bullish position. You will make money when the market goes up.

Market goes up from what point? And what is the effect of greeks if I buy the put at the end of day?

Check out Zerodha Varsity to learn the basics of options and other stuff.

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