Open Interest and Volume

Open Interest:
  • The total number of options and/or futures contracts(both LONG & SHORT) that are not closed or delivered on a particular day.
  • The number of buy market orders((both LONG & SHORT) before the stock market opens.
When Open Interest & Volume are same or flat, continuation of price trend in same direction is more likely.

CME Volume & Open Interest
Discovering Open Interest Part 1
Discovering Open Interest Part 2

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