A quick note: $EVAA 15-minute futures open interest increased by 3.92%, with the value of open positions at about $33.18 million; the price rose 4.92% over the same period.
People often ask what open interest means. This is how I understand it.
Every open contract has both a long and a short position, so open interest itself doesn’t distinguish between longs and shorts. Across the entire market, the number of long positions always equals the number of short positions.
What we’re looking at here is the change in the number of open positions. Price fluctuations alone don’t change this figure, so it reflects actual opening and closing activity.
Don’t place orders during the few minutes when the market is moving fastest. Wait for the price to settle before taking a look.
#EVAA
People often ask what open interest means. This is how I understand it.
Every open contract has both a long and a short position, so open interest itself doesn’t distinguish between longs and shorts. Across the entire market, the number of long positions always equals the number of short positions.
What we’re looking at here is the change in the number of open positions. Price fluctuations alone don’t change this figure, so it reflects actual opening and closing activity.
Don’t place orders during the few minutes when the market is moving fastest. Wait for the price to settle before taking a look.
#EVAA