The market-watching moment is here: open interest in $BAT 15-minute contracts rose 6.73%; the price was up 1.37% over the same period.
Open interest moved, but my position is still 0—I’m just here to observe.
Seriously, open interest increases when both buyers and sellers open new positions; it decreases when both sides close positions; and it stays unchanged when one side opens while the other closes.
Don’t change your original approach because of a single number, and especially don’t gamble with borrowed money based on one reading.
#BAT
For recording and sharing purposes only; not investment advice.
Open interest moved, but my position is still 0—I’m just here to observe.
Seriously, open interest increases when both buyers and sellers open new positions; it decreases when both sides close positions; and it stays unchanged when one side opens while the other closes.
Don’t change your original approach because of a single number, and especially don’t gamble with borrowed money based on one reading.
#BAT
For recording and sharing purposes only; not investment advice.