A note: $CTK 15-minute contract open interest rose 6.02%, with an open interest value of about $1.91 million; the price fell 2.53% over the same period.
People often ask what open interest means, so here’s my take.
Open interest and trading volume are two different things: trading volume is how much has changed hands over a period of time, while open interest is how many positions are still open at a given moment.
When open interest rises but spot buying doesn’t keep pace, the market often relies mainly on contract funds. These rallies tend to rise quickly—and fall just as quickly.
Learning to read indicators is easy. The hard part is sticking to your plan when emotions are at their most extreme.
People often ask what open interest means, so here’s my take.
Open interest and trading volume are two different things: trading volume is how much has changed hands over a period of time, while open interest is how many positions are still open at a given moment.
When open interest rises but spot buying doesn’t keep pace, the market often relies mainly on contract funds. These rallies tend to rise quickly—and fall just as quickly.
Learning to read indicators is easy. The hard part is sticking to your plan when emotions are at their most extreme.