$BIRB Open interest in 5-minute contracts increased by 5.81%, with a notional value of approximately $6.39 million; the price rose 5.26% over the same period.
Are leveraged funds moving in or pulling out? Start by looking at open interest—but make sure you interpret this figure correctly.
Open interest is the total number of outstanding contracts in the market. It measures the size of positions, not trading volume.
Leave enough room when taking contract positions—don’t let a single wick knock you out.