$T 15-minute contract open interest rose 2.64%, with a notional value of approximately $6.28 million; the price was up 1.27% over the same period.
Let’s talk about what’s behind this number.
Every open contract has both a long and a short position, so open interest alone can’t tell us which side is dominant. Across the entire market, the number of long positions always equals the number of short positions.
A sharp short-term change in open interest means traders are opening or closing positions in large numbers, and volatility often picks up afterward.
Avoid placing orders during the most volatile few minutes. Wait for the price to stabilize before deciding.
Let’s talk about what’s behind this number.
Every open contract has both a long and a short position, so open interest alone can’t tell us which side is dominant. Across the entire market, the number of long positions always equals the number of short positions.
A sharp short-term change in open interest means traders are opening or closing positions in large numbers, and volatility often picks up afterward.
Avoid placing orders during the most volatile few minutes. Wait for the price to stabilize before deciding.