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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: RealTime who wrote (1486)7/3/1999 2:11:00 PM
From: Jon Tara  Read Replies (1) of 2241
 
No, you can't tell from that quote whether or not the volume from yesterday were buys, sells, or a combination.

However, unlike stocks, you CAN tell that - you just need a bit more information - you need quotes from the day before.

Note the "open interest" figure. That is the number of contracts outstanding. If that number increases from the previous day, there was net buying. If it decreases, there was net selling.

I have to caution you, though, that there are many, many, MANY reasons why somebody might buy or sell an option, so increasing or decreasing open interest may or may not say something about the underlying stock.

(i.e. increasing interest means more people are buying options - NOT necessarily that the stock price should increase!)

No disrespect read. :)

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