$WET 5-minute contract open interest increased by 8.68%, with an open interest value of approximately $2.22 million; during the same period, the price rose by 0.07%.
A burning question for beginners: what does open interest actually mean?
When both buyers and sellers open new positions, open interest increases; when both sides close positions, it decreases; when one side opens a position while the other closes one, open interest remains unchanged.
A sharp change in open interest over a short period means someone is opening or exiting positions in large numbers, and volatility often increases afterward.
Leave more margin for your contract positions—don’t let a single wick liquidate you.
#WET
A burning question for beginners: what does open interest actually mean?
When both buyers and sellers open new positions, open interest increases; when both sides close positions, it decreases; when one side opens a position while the other closes one, open interest remains unchanged.
A sharp change in open interest over a short period means someone is opening or exiting positions in large numbers, and volatility often increases afterward.
Leave more margin for your contract positions—don’t let a single wick liquidate you.
#WET