📢 The comedian reports: Open interest in $ON 15-minute contracts rose 4.11%, with a notional value of approximately $15.31 million; the price rose 15.12% over the same period.
Open interest moved, but my own position is still zero. I’m just here watching from the sidelines.
A quick educational note: every open contract has one long and one short position behind it, so open interest itself is neither bullish nor bearish. Across the whole market, the total number of long and short positions is always equal.
Understanding an indicator helps you avoid being spooked by the numbers—it doesn’t let you pinpoint tops and bottoms.
Open interest moved, but my own position is still zero. I’m just here watching from the sidelines.
A quick educational note: every open contract has one long and one short position behind it, so open interest itself is neither bullish nor bearish. Across the whole market, the total number of long and short positions is always equal.
Understanding an indicator helps you avoid being spooked by the numbers—it doesn’t let you pinpoint tops and bottoms.
