$STRK 1-hour futures open interest increased by 5.63%, with an open interest value of approximately $31.69 million; the price rose 5.84% over the same period.
A newbie’s burning question: What exactly does open interest mean?
Every new position always has someone going long and someone going short at the same time, so the idea that “a sharp rise in open interest is automatically bullish” is a classic misconception.
Open interest moved, but my position is still 0. I’m just auditing the class.
With leveraged trading, first work out whether you can handle the worst-case outcome, then think about what the signals are saying.
#STRK
Make your own decisions about when to enter and exit. Don’t blindly follow others.
A newbie’s burning question: What exactly does open interest mean?
Every new position always has someone going long and someone going short at the same time, so the idea that “a sharp rise in open interest is automatically bullish” is a classic misconception.
Open interest moved, but my position is still 0. I’m just auditing the class.
With leveraged trading, first work out whether you can handle the worst-case outcome, then think about what the signals are saying.
#STRK
Make your own decisions about when to enter and exit. Don’t blindly follow others.