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03-12-2021, 08:37 PM | #8446 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,067
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03-12-2021, 09:12 PM | #8447 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,704
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03-13-2021, 05:09 AM | #8448 |
Fish are scared of me
Join Date: Nov 2001
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When you look at option contracts ,is the "open interest" the actual number of contracts purchased???
AMC has 39,952 "open interest" with a $40 strike price for 3/19 and then volume says 11,709 What does this mean? |
Posts: 40,779
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03-13-2021, 07:43 AM | #8449 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I think. |
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Posts: 57,704
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03-13-2021, 08:44 AM | #8450 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Open interest represents all the outstanding contracts created for that strike price and expiration date.
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Posts: 52,100
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0 1 |
03-13-2021, 08:52 AM | #8451 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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When a new expiration week starts in the options market for a particular stock, there is zero Open Interest until traders or stock owners either offer covered calls, naked calls to open or naked puts to open.
You are effectively buying a newly created contract with a right to either buy or sell that stock by expiration date. If you wrote a covered call on a stock you own and decided you wanted to buy it back and close out your position, it would reduce Open Interest by one contract. Trading options does not change Open Interest. Only those who created them add to the Open Interest or lower Open Interest. Last edited by scho63; 03-13-2021 at 09:05 AM.. |
Posts: 52,100
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03-13-2021, 10:36 AM | #8452 |
Fish are scared of me
Join Date: Nov 2001
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Trey is doing a live stream all day to raise money for wounded warriors. He's going to have a guy on shortly to make a legit case for AMC to hit $2000
https://youtu.be/b6b2jQx2ew0 Edit... My bad , he's interviewing the guy on Sunday livestream Last edited by Hog's Gone Fishin; 03-13-2021 at 11:09 AM.. |
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03-13-2021, 11:08 AM | #8453 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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03-13-2021, 11:28 AM | #8454 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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03-13-2021, 11:36 AM | #8455 |
I'll be back.
Join Date: Nov 2002
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ugh i just know im gonna regret not buying earlier
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Posts: 286,015
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03-13-2021, 11:44 AM | #8456 | |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
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Quote:
To the moon!!! ....with my 25 shares |
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Posts: 23,025
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03-13-2021, 11:54 AM | #8457 | |
Banned
Join Date: Jan 2013
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Quote:
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03-13-2021, 12:34 PM | #8458 | |
MVP
Join Date: Mar 2019
Location: KC
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Quote:
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Posts: 7,496
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03-13-2021, 12:37 PM | #8459 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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How's his track record?
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Posts: 52,100
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03-13-2021, 12:40 PM | #8460 |
Banned
Join Date: Jan 2013
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I think I'm going to take my big loss and roll out of CCIV that I rolled into to roll out of a big loss with GME which I rolled into because I'm stupid and roll it into AMC and make all my money back.
Last edited by eDave; 03-13-2021 at 01:19 PM.. |
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