Open interest for options refers to the number of outstanding contracts in the market at a particular strike price for a specific expiration date. It represents the total number of contracts that have been bought or sold but have not been exercised, expired, or otherwise settled. Open interest is an important indicator for options traders as it can provide insights into the market's sentiment and expectations for the underlying asset. A high open interest indicates that there is significant trading activity and interest in a particular strike price and expiration date, which can be indicative of market volatility or a potential price movement. Conversely, a low open interest may suggest a lack of market interest or a decrease in volatility.
10/29/2024 08:28am
