Is this car new to you, and you’re still a bit unfamiliar with it? I ask because if you recently got this vehicle, perhaps the previous owner installed the wrong dipstick, which isn’t the right length, and you’re unaware of the switcheroo. It’s a possibility.
If, on the other hand, you have a longer history with this car and the oil level started to go wonky recently, we’re playing ball on a different field. If this is the case, I’d be inclined to drain the oil after the car has been sitting overnight (when it isn’t showing on the dipstick) and measure the amount drained. If the amount is close to correct, there’s something weird going on with the dipstick. Perhaps there’s a halo of sludge buildup within the dipstick tube that’s wiping the oil off as you’re withdrawing the stick. It sounds unlikely, but I’m running out of good ideas.
If the volume of drained oil is significantly less than what it should be, the only good thing I can think of is that the oil might be getting past a bad rear main seal and pooling within the bell housing, even though I still believe you’d be seeing obvious signs of leakage if this was the case. To check, I’d remove the starter and look into the bell housing with the aid of a good bright light. Things should be bone dry in there. If a couple of quarts have been hiding in there and have been flung around by the flex plate and torque converter, it should be obvious. A couple of tablespoons of flung oil will look like a gallon, so a couple of quarts will resemble the mess caused by the Exxon Valdez.