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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: Jeff O'Brien who wrote (760)8/27/2000 8:30:57 PM
From: gene_the_mm  Read Replies (2) of 1426
 
JEFF...

If I am not mistaken OPEN INTEREST is simply the number or OPEN contracts for that month and strike. In other words, it is the number of contracts purchased or sold at a particular MONTH and STRIKE that have not been CLOSED (meaning they took one side but didn't close it).

This is what I was told, however, I am an options IDIOT and this answer might be bogus.

Can someone else help us here?

All the best,

-- Gene
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