Relax, hear me out: $ONE 1-hour contract open interest rose 5.12%, with an open interest value of about $8.27 million; during the same period, the price was up 1.29%.
Open interest changed, but my position is still zero—I’m just sitting in on the class.
Seriously, every open contract has both a long and a short, so open interest itself isn’t bullish or bearish. Across the entire market, the total number of long positions is always equal to the total number of short positions.
Don’t place orders during the most volatile few minutes. Wait for the price move to finish, then take a look.
#ONE
Open interest changed, but my position is still zero—I’m just sitting in on the class.
Seriously, every open contract has both a long and a short, so open interest itself isn’t bullish or bearish. Across the entire market, the total number of long positions is always equal to the total number of short positions.
Don’t place orders during the most volatile few minutes. Wait for the price move to finish, then take a look.
#ONE