ES Journal Archive (2009 - 2010)

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Think October 1987, Fatal Attraction (MD precursor to Wall Street, Twinkies World Series bid and then......

Quote from startraitor:

Wow, seeing what emg is seeing in the next month....
 
Spy OCT Puts 100 strike has 386 000 open interest. I'm not very savy with options. That being said , does that much open interest on the puts at 100 mean that someone is betting a lot of money that we fall hard in oct?
 
Quote from blox87:

Spy OCT Puts 100 strike has 386 000 open interest. I'm not very savy with options. That being said , does that much open interest on the puts at 100 mean that someone is betting a lot of money that we fall hard in oct?

Open interest are contracts that haven't been settled. There could be a lot of traders making small bets, not necessarily anyone making large bets.

Wiki: "For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered 'open'."
 
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