Open Interest
With the expiration of the May contract open interest has declined to less than 100 contracts – although three new positions were added with trading from Tuesday May 25th.
The distribution of open interest by “city” and contract maturity is:
Note again (from an earlier blog) that most (89 or the 97) of the open interest is in contracts with a November expiration. Since that has been where traders wanted to trade in the past I intend to focus my market-making efforts to the November cycle (and the front contract).
