Open Interest, Volume and Positioning

Aggregated Open Interest

Aggregated open interest combines open interest data from multiple derivatives markets or trading platforms into a broader measure.

Crowded Trade

A crowded trade describes a market situation where many participants appear to have similar exposure, expectations or positioning.

Long Build Up

Long build up describes conditions suggesting that new long exposure is being added to a derivatives market. It is usually inferred from several pi...

Long Short Ratio

A long short ratio compares a selected measure of long positioning with short positioning. The exact methodology varies by platform and data provid...

Long Unwinding

Long unwinding occurs when traders reduce or close existing long positions. Closing long exposure generally involves selling, which can contribute...

Net Long

Net long describes a trader, account or group whose long exposure exceeds its short exposure according to the measure being used.

Net Short

Net short describes a trader, account or group whose short exposure exceeds its long exposure according to the measure being used.

OI Delta

OI delta describes the change in open interest over a selected period. Positive OI delta indicates an increase, while negative OI delta indicates a...

Open Interest (OI)

Open interest, usually shortened to OI, measures the amount of outstanding derivative exposure represented by contracts or positions that remain op...

Open Interest Change

Open interest change measures how much open interest has increased or decreased over a specified period. It may be expressed as an absolute amount...

Open Interest Value

Open interest value expresses outstanding derivative exposure in monetary terms rather than only as a number of contracts or units.

Open Interest Weighted Funding

Open interest weighted funding is a funding measure that gives greater influence to markets or contracts with larger amounts of open interest when...

Perpetual Volume

Perpetual volume measures the amount of trading activity taking place in perpetual futures contracts over a specified period.

Position Build Up

Position build up describes a period in which derivatives exposure is increasing as new positions enter the market. Rising open interest is one ind...

Position Long Short Ratio

A position long short ratio compares long and short positioning according to the position based methodology used by a particular platform or data p...

Positioning

Positioning describes how traders or groups of market participants are exposed to a market. It can include information about long and short exposur...

Short Build Up

Short build up describes conditions suggesting that new short exposure is being added to a derivatives market. It is generally inferred using open...

Short Covering

Short covering occurs when traders reduce or close short positions. Closing a short generally requires buying back the exposure, which can contribu...

Spot Volume

Spot volume measures trading activity in the underlying spot market over a specified period.

Trader Long Short Ratio

A trader long short ratio compares the number or proportion of traders classified as net long with those classified as net short within a particula...

Volume

Volume measures the amount of trading activity that takes place during a specified period. Depending on the market and data provider, it may be exp...

Volume Delta

Volume delta measures the difference between aggressive buying volume and aggressive selling volume over a specified period. The precise calculatio...