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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (29181)11/22/1997 6:09:00 PM
From: Nancy  Read Replies (2) of 58727
 
TT,

I notice per IBD, the total put open interest on SPX & DJIA (all series together) is consistently much higher than the total call open interest, while OEX open interest is relatively in balance between put and call.

I have 2 questions may be you can answer.

first, open interest - does that mean both long and short together ? or a netted figure ?

second, when put open interest is much larger (assume this is long put) then wouldn't it be a contrary indicator ?

But unless one knows what represents open interest, it is almost meaningless - CBOE's definition only says this is contracts remain open,( which could be long or short.)

thanks.
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