Is big money on the move?
$UAI Contract positions are up 59.16% over the past 24 hours, while the price is down 39.98%. There’s still $6.27 million in open interest.
Price down, open interest up: the new positions seem to lean more toward the short side, possibly adding pressure in the direction of the trend. But some longs may also be buying in at lower levels. When too many shorts pile up, a sudden rally can trigger a cascade of short covering.
#UAI
The above is a compilation of public information. Please verify it yourself.
$UAI Contract positions are up 59.16% over the past 24 hours, while the price is down 39.98%. There’s still $6.27 million in open interest.
Price down, open interest up: the new positions seem to lean more toward the short side, possibly adding pressure in the direction of the trend. But some longs may also be buying in at lower levels. When too many shorts pile up, a sudden rally can trigger a cascade of short covering.
#UAI
The above is a compilation of public information. Please verify it yourself.