Open interest is rebuilding in several large names even as the short-term tape is uniformly negative.
Let's stress-test the rebuilding OI. Open interest is ticking higher in the biggest names, even as prices drift lower. Traders are stepping in, but the whole tape is still red this hour. If price starts to stabilize while OI builds, watch…
Open interest is ticking higher in the biggest names, even as prices drift lower. Traders are stepping in, but the whole tape is still red this hour. If price starts to stabilize while OI builds, watch for a squeeze or reversal.
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