Best Setup for Thriving in a Bear Market!
Price and OI percentile indicates, the relative positioning of the stock prices, with its own time series history. The higher percentiles indicate that participation in the stock is on the higher end as compared to its own earlier nuances, while a higher price percentile indicates that the stock futures are quoting at close to their highs, in the specified look back period, during which the percentile has been calculated.
So, in order to participate in breakout or breakdown trades, participation with price action is crucial in helping gauge if the existing trend will continue or if is just a flash in the pan phenomena, or just a blip. The high open interest percentiles generally signify participation intensity and higher the open interest, as discussed earlier, the durability of that breakout or breakdown exhibits better viability.
Seasoned derivatives expert with over 6 years of experience across equities, derivatives, and commodities markets. With a proven track record of successful trading and deep market insights.
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