$LUMIA contract data breakdown: Open interest fell by a net 9.74% over 24 hours while the price rose 4.2%, with open interest valued at approximately $10.1 million.
Who's under more pressure? It may be the shorts—falling open interest alongside rising prices usually means short positions are being closed. Once the short covering is over, the rally could fizzle out without fresh buying to carry it forward.
Which side are you betting on?
Who's under more pressure? It may be the shorts—falling open interest alongside rising prices usually means short positions are being closed. Once the short covering is over, the rally could fizzle out without fresh buying to carry it forward.
Which side are you betting on?