Yeh kaise hota hai, kadam dar kadam
Shuruaat
Shuru mein koi khula derivative contract nahi hai. Koi contract trade nahi hua aur koi baaki nahi. Prices aur charges in ginton ko nahi badalte. Khule contracts aur trades ko alag ginein.
Aage kya hota hai
Pehle event mein naye kharidne wale aur naye bechne wale aapas mein 5 contracts kholte hain. Doosre event mein unme se 2 contracts haath badalte hain — long side ke purane holder naye holders ko de dete hain, aur short side jahan thi wahin rehti hai. Teesre event mein long ke 3 aur short ke 3 aapas mein band ho jaate hain.
Iska matlab — aur kya nahi
10 contracts trade hue. 2 ab bhi khule hain. Har ghatna mein volume juda, kyunki woh activity ginta hai. Open interest pehle 5 badha, transfer par nahi badla, phir 3 ghata. Woh maujood positions ginta hai. Beech ki ghatna dono columns ka fark samjhati hai. Contract holder badla. Kuch bana ya mita nahi. Pehli ghatna ke 5 contracts, 5 hain, 10 nahi. Long aur short usi contract ke 2 hisse hain. Contract 1 baar ginta hai. Iska matlab tezi hai ya mandi, woh doosre page ka sawaal hai. Yahan sirf ginti samajhni hai.
- Ab tak ka volume (contracts)
- Open interest (contracts)
Ghatna 1 trading se pehle ka market hai: na trade, na khula contract. Ghatna 2 mein naye buyers aur sellers 5 contracts kholte hain. Ghatna 3 mein 2 naye holders ko milte hain. Volume badhta hai, open interest nahi. Ghatna 4 mein 3 mile hue pairs band hote hain. 10 contracts trade hue. 2 ab bhi khule hain.
Chart ka data dekhein
| Trade ki ghatna | Ab tak ka volume (contracts) | Open interest (contracts) |
|---|---|---|
| 1 | 0 | 0 |
| 2 | 5 | 5 |
| 3 | 7 | 5 |
| 4 | 10 | 2 |
Isse kya establish nahi hota
Ginti khud fail nahi hoti. Jo fail hoti hai woh 2 numbers par bani reading hai, jab woh 2 numbers asal mein ek hi cheez describe nahi kar rahe. Pehla tareeka hai: positions aage wali expiry mein ja sakti hain, aur tab paas wali expiry ka number aur ek hafte baad ka number ek hi series nahi hain. Ek girta hai, doosra badhta hai, aur khula ya band kuch bhi nahi hota. Doosra tareeka shuruaati value ka hai: percentage change nikaalne ke liye shuruaati value shunya nahi honi chahiye, warna growth rate ka koi matlab hi nahi banta. Teesra tareeka units ka hai: units mein chhapa number contracts mein chhape number se seedha compare nahi hota, jab tak yeh na pata ho ki ek contract mein kitni units hain. In 3 mein se koi bhi laagu ho, toh screen par dikha badlav us tulna ka natija hai — outstanding positions ka nahi.
Kya check karein
6Yeh waqt ke dauran volume hai ya 1 waqt par open interest?
Dono taraf instrument wohi hai? Underlying aur expiry wohi hain? Options mein strike aur side bhi wohi hain?
Kya dono numbers 1 hi waqt par padhe gaye?
Percentage badlav ke liye shuru ka number 0 se alag hai?
Dono numbers ki unit wohi hai, contracts ke saath contracts ya units ke saath units?
Yaad rakhein: ginti batati hai kitne contracts khule hain. Kaun ya kyon rakhta hai, yeh nahi.
Aam galtiyan
4Har contract ki 2 sides dekhkar ginti dugni karna. 5 khule contracts, 5 hi hain, koi bhi side dekhein. Dono sides ginne se har open-interest number dugna hoga.
Bahut vyast session ko positioning ka badlav maan lena. Khulna aur band hona lagbhag barabar kat sakte hain, aur tab bhaari volume ke saath OI mushkil se hilta hai.
Volume open interest se bada ho, toh galti samajhna. Usi session mein contract khule aur band ho, toh volume mein 2 baar judta hai. Open interest wahin rehta hai. Isliye kaunsa number bada hai, usse kuch nahi pata chalta.
Paas wali expiry ka girna positions ke chale jaane ki tarah padhna, bina us expiry ko dekhe jahan woh gayi ho sakti hain.
1 naya long, 1 naye short se milta hai. Open interest kitna badhega?
- 2 se, long aur short dono nayi positions hain
- 1 se
- Yeh trade pehle kis side ne shuru kiya, us par hai
Answer dikhao
B. 1 se
Jawab A ginti dugni karta hai. Woh sahi lagta hai, kyunki 2 logon ne positions li hain. Lekin open interest contracts ginta hai. Dono ne milkar 1 contract banaya. Har khule contract ki 1 long aur 1 short side hoti hai. Dono ginne se har open-interest number dugna hoga. Jawab C volume reporting ki baat laata hai jo open interest record nahi karta. Dono sides ki ginti barabar hai. Pehle kaun aaya, isse fark nahi padta.
Aksar poochhe sawaal
3Kya volume open interest se bada ho sakta hai?
Haan. Aisa aksar hota hai. Volume waqt ke har trade ko jodta hai. Open interest ant ki ginti hai. Usi session mein khula aur band contract volume mein 2 baar judta hai. Open interest shuru wali jagah rehta hai.
Kya har trade open interest badhaata hai?
Nahi. Dono sides nayi positions kholein, tab badhta hai. Dono band karein, toh ghatta hai. 1 holder doosre ko position de, toh bilkul nahi badalta. Yeh aakhri ghatna aksar nazar se chhoot jaati hai.
Kya bada open interest matlab sellers se zyada buyers?
Nahi. Aisa ho hi nahi sakta. Har khule contract mein 1 long aur 1 short hai. Dono sides barabar hain. Ginti khule contracts batati hai. Unke peeche kaunsi side hai, yeh nahi.