Another way to use open interest in options trading is to view it as a guide to finding ... It is best used in conjunction with other indicators to make well-informed investment decisions.

Option strike prices are usually round-number levels that tend to serve as support or resistance, as buyers view pullbacks ... of call open interest can define a point of extreme market optimism ...

Short interest can be a useful sentiment indicator ... shares at the stock’s average daily trading volume. For our purposes, we typically view any reading above 5 as a sign of heavy pessimistic ...

This indicator should never act as a trading system on its own. Instead, the Zig Zag indicator is best used to highlight important patterns and confirm possible trend reversals. The Zig Zag ...

The same is true for options traders because trading volume is an indicator of an option’s current interest ... Abstract." Trading View. "Volume." Joseph E. Granville. "Granville’s New ...