Based on the following scenario, calculate the volume and op…
Based on the following scenario, calculate the volume and open interest over the trading day. Assume that during the first transaction of the day, trader A goes long 6 contracts while trader B goes short those 6 contracts. During the next transaction, trader C goes long 8 contracts while trader D takes the opposite position of trader C. During the next transaction, trader B evens-up all 6 of their contracts, while trader E takes the opposite position to that of trader B. If these are all the trades for the day, what is the volume and open interest at the end of the day? Show your work.
Read DetailsTechnical analysis is not rooted in science. That is, techn…
Technical analysis is not rooted in science. That is, technical indicators such as trends and moving averages have not been scientifically validated as legitimate indicators of market direction and/or signals for market entry.
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