$SIREN ｜15-minute position: +14.65%｜Price: +0%
Before looking at positions, first understand open interest.
Open interest (OI) is the total number of contracts in the market that have not yet been closed. It measures the number of open positions, not trading volume.
When the price stays mostly flat while open interest rises sharply, it suggests both bulls and bears are placing bets. A larger price move is often more likely to follow, but its direction is hard to predict.
Indicators may be inaccurate, but stop-losses are essential: think first about what you’ll do if your judgment is wrong. That matters more than guessing correctly.
Before looking at positions, first understand open interest.
Open interest (OI) is the total number of contracts in the market that have not yet been closed. It measures the number of open positions, not trading volume.
When the price stays mostly flat while open interest rises sharply, it suggests both bulls and bears are placing bets. A larger price move is often more likely to follow, but its direction is hard to predict.
Indicators may be inaccurate, but stop-losses are essential: think first about what you’ll do if your judgment is wrong. That matters more than guessing correctly.