For this question, consider again the Copper Futures Contract on the CME markets. Information on...
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For this question, consider again the Copper Futures Contract on the CME markets. Information on its contract specifications can be found on the CME website:
On February 14, 2021, there were 56,000 trades in this contract. Suppose 20,000 of the 56,000 buyers were closing out positions and 26,000 were entering into new positions; 30,000 of the 56,000 sellers were closing out positions and 16,000 were entering into new positions. What is the impact of the days trading on open interest?
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