A friend asked me what was going on with the position in $STRK over the past couple of days, so I casually said:
“Open interest is up 22.27% over the past 24 hours, but the price hasn’t moved. That means both bulls and bears are adding to their positions. We’ll have to wait and see who’s right.”
My friend then asked how to trade it. I said I really couldn’t say for sure. I usually just watch and wait for the price to show a direction before deciding.
Make your own decisions about when to enter and exit—don’t just follow the crowd.
“Open interest is up 22.27% over the past 24 hours, but the price hasn’t moved. That means both bulls and bears are adding to their positions. We’ll have to wait and see who’s right.”
My friend then asked how to trade it. I said I really couldn’t say for sure. I usually just watch and wait for the price to show a direction before deciding.
Make your own decisions about when to enter and exit—don’t just follow the crowd.