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Chris,
I believe you mean short interest not OI. If short interest was available for that
short period of time then what you are suggesting would give a person information
about how much short covering took place.
Harley
Mullin285@xxxxxxx wrote:
> Harley
>
> I'm sorry if I wasn't clear. I wasn't referring to options. By OI I meant Open
> Interest. What I was thinking [though I certainly could be wrong] was that in
> cases of short covering... The shorts would be closing their positions
> therefore Open Interest would decline. While at the same time, perhaps by
> going long to cover their shorts it would increase volume. Therefore a rise in
> volume and a decline in OI could indicate a lot of shorts covering their
> positions. Make sense?
>
> Chris
>
> In a message dated 9/8/98 1:32:34 AM Eastern Daylight Time, meyer@xxxxxxxxxxx
> writes:
>
> > Chris,
> > I don't do options as of yet so I don't pay attention to OI. So I haven't
> > noticed
> > any patterns.
> >
> > Harley
> >
> > Mullin285@xxxxxxx wrote:
> >
> > > I assume that OI would decline and perhaps vol would rise?
> > >
> > > Chris
> > >
> > > In a message dated 9/7/98 10:19:36 PM Eastern Daylight Time,
> meyer@xxxxxxxx
> > net
> > > writes:
> > >
> > > > Hope that makes sense. Now how do I know they are short sellers
> covering
> > > > their
> > > > shorts. Experience? Might be wrong. But that what it looked like to
> me.
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