$BEAT 5-minute contract open interest rose 5.76%, with an open interest value of approximately $10.61 million; during the same period, the price rose 16.29%.
Let's use this figure to break down open interest.
Open interest (OI) is the total amount of contracts that have not yet been closed. It measures the size of outstanding contracts, not trading volume.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions have been taken and the battle between buyers and sellers has intensified.
Don't chase trades during the most volatile minutes. Wait for the price to settle before taking a closer look.
Let's use this figure to break down open interest.
Open interest (OI) is the total amount of contracts that have not yet been closed. It measures the size of outstanding contracts, not trading volume.
A new high in open interest is neither inherently bullish nor bearish; it simply means more positions have been taken and the battle between buyers and sellers has intensified.
Don't chase trades during the most volatile minutes. Wait for the price to settle before taking a closer look.