My mom saw me staring blankly at the screen. “Taking a loss?”
“Not really. The $UAI 24-hour contract open interest is up 59.16%, while the price is down 39.98%. Open interest is rising and the price is falling. I’m trying to figure it out.”
“Figure anything out?”
“Seems like the bears are adding to their positions, but if too many shorts pile in, they could get squeezed.”
“So did you make any money?”
“No, I’m just analyzing. I’m still learning how to place trades.”
“Not really. The $UAI 24-hour contract open interest is up 59.16%, while the price is down 39.98%. Open interest is rising and the price is falling. I’m trying to figure it out.”
“Figure anything out?”
“Seems like the bears are adding to their positions, but if too many shorts pile in, they could get squeezed.”
“So did you make any money?”
“No, I’m just analyzing. I’m still learning how to place trades.”