On a particular day, there were 2, 000 trades in a particular futures contract. This means that there were 2,000 buyers (going long) and 2,000 sellers (going short). Of the 2,000 buyers, 1,400 were closing out positions and 600 wereentering into new positions. Of the 2, 000 sellers, 1, 200 were closing out positions and 800 were entering into newapositions. What is the overall impact of the day's trading on open interest? (please show necessary calculations)
On a particular day, there were 2, 000 trades in a particular futures contract. This means that there were 2,000 buyers (going long) and 2,000 sellers (going short). Of the 2,000 buyers, 1,400 were closing out positions and 600 wereentering into new positions. Of the 2, 000 sellers, 1, 200 were closing out positions and 800 were entering into newapositions. What is the overall impact of the day's trading on open interest? (please show necessary calculations)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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On a particular day, there were 2, 000 trades in a particular futures contract. This means that there were 2,000 buyers (going long) and 2,000 sellers (going short). Of the 2,000 buyers, 1,400 were closing out positions and 600 wereentering into new positions. Of the 2, 000 sellers, 1, 200 were closing out positions and 800 were entering into newapositions. What is the overall impact of the day's trading on open interest? (please show necessary calculations)
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