$BAT 15-minute contract open interest rose 4.09%, with an open interest value of approximately $9.17 million; the price rose 3.08% over the same period.
Hey everyone, what is open interest? Here’s a quick explanation 👇
Open interest reflects the size of outstanding contract positions: the higher it is, the more positions may be liquidated if the price moves sharply.
A sharp short-term change in open interest suggests that someone is opening or closing positions in bulk, and volatility often increases afterward.
Don’t change your original plan based on a single indicator, and never use borrowed money to test what a reading means.
#BAT
Whether to buy is up to you; I’m just keeping a record.
Hey everyone, what is open interest? Here’s a quick explanation 👇
Open interest reflects the size of outstanding contract positions: the higher it is, the more positions may be liquidated if the price moves sharply.
A sharp short-term change in open interest suggests that someone is opening or closing positions in bulk, and volatility often increases afterward.
Don’t change your original plan based on a single indicator, and never use borrowed money to test what a reading means.
#BAT
Whether to buy is up to you; I’m just keeping a record.