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?
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'."