I bought dec 2024 22000 pe for 474 and sold april 2024 22000 pe for 114. Sensibull shows losses of 70 to 75 thousand (yes it varies daily and perhaps intraday). Raised a help ticket requesting them to let me know the spot price and IV when the loss will be 70 to 75k. They did respond but I could not make head or tail of that. How can the loss be more than 18000 ( 474-114 = 360) * 50. There could be some change here because april and dec expiries may not move proportionally but can that be so huge? Can someone explain the exact spot value and IV where the loss can be so huge?