I used to look only at price, but eventually got into the habit of checking it alongside contract open interest. $AIN is a good example today:
Looking only at price, it’s up 33.63% over 24 hours, so you might think new money is coming in. But open interest is down 14.73%—most likely, shorts are covering.
Do you usually compare price with open interest?
Looking only at price, it’s up 33.63% over 24 hours, so you might think new money is coming in. But open interest is down 14.73%—most likely, shorts are covering.
Do you usually compare price with open interest?