|
PureBytes Links
Trading Reference Links
|
Personally I watch open interest more closely as expiry approaches. If there is
considerable open interest in deep in the money calls, for example, I expect the market
to get gunned into expiration. However, during the final week, I pay close attention to
the movement in the final hour. A vertical climb in the OEX suggests to me that much of
these in-the-money calls will be exercised at the close. Whether or not this happens can
be verified with the CBOE the next morning.
Such an exercise portends a down opening. I do not have enough data to prove this, it is
only based on having witnessed it happening for a year or so. I only started to collect
the data during August. Like someone else said here, I don't want to spend too
much time collecting data, I want to trade
--Patrick Slevin
>
> I was curious if anybody was using the open interest and volume data
> in tradestation quote screens when displaying 2-3 months of options in
> their quote screens and using the largest number of OI's as the
> determining factor in buying an option as opposed to looking at the
> volitility or actual stock symbol... or a combination of OI and volume
> and the direction of the stock... does anybody use the open interest
> indicator and could you give me examples of how you use it... as well
> an example of how you plot some of the other option indicators...
> thank you for your time...
>
> *********************************************
> Have a nice Day
> Jim Kerwin
> Atlanta,Georgia
> <http://www.mindspring.com/~anncora/index.htm>
> **********************************************
|