Just making a note, Nov 11, 14:36:
$ON : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 19.08% and the price is down 40.94%. Total contracts are worth about $7.52 million.
My usual approach is not to chase a short or rush to buy when open interest rises and the price falls. I wait until open interest stops rising and the price stabilizes, then take another look.
I'll come back later and compare the results.
#ON
$ON : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 19.08% and the price is down 40.94%. Total contracts are worth about $7.52 million.
My usual approach is not to chase a short or rush to buy when open interest rises and the price falls. I wait until open interest stops rising and the price stabilizes, then take another look.
I'll come back later and compare the results.
#ON