An office worker sneaks a peek at the market and sees: $DOOD 15-minute contract open interest is up 1.5%, with an open interest value of about $8.43 million; the price is down 0.02% over the same period.
Open interest moved, but my position is still zero. I’m just auditing the class.
On a more serious note, every open contract has one long and one short behind it, so open interest itself isn’t bullish or bearish. Across the whole market, the number of long positions always equals the number of short positions.
Don’t let a single indicator throw off your rhythm, and never use borrowed money to test a hunch.
#DOOD
Open interest moved, but my position is still zero. I’m just auditing the class.
On a more serious note, every open contract has one long and one short behind it, so open interest itself isn’t bullish or bearish. Across the whole market, the number of long positions always equals the number of short positions.
Don’t let a single indicator throw off your rhythm, and never use borrowed money to test a hunch.
#DOOD