$SOPH The 15-minute contract open interest increased by 34.51%, with an open interest value of approximately $954,000; during the same period, the price fell 3.14%.
I used to think that rising open interest meant money was flowing in. It took me a while to understand: an increase in open interest means both sides are adding positions. The number of long and short positions is equal, and that’s a different thing from money flowing in.
Unusually high readings often signal more dramatic volatility. At times like these, it’s better to reduce your position rather than add to it.
#SOPH
Just take a look—don’t follow this blindly. Make your own decisions.
I used to think that rising open interest meant money was flowing in. It took me a while to understand: an increase in open interest means both sides are adding positions. The number of long and short positions is equal, and that’s a different thing from money flowing in.
Unusually high readings often signal more dramatic volatility. At times like these, it’s better to reduce your position rather than add to it.
#SOPH
Just take a look—don’t follow this blindly. Make your own decisions.