Options

Open Interest (OI)

The total number of outstanding (not yet closed or settled) Futures or Options contracts for a specific strike and expiry.

Open Interest (OI) represents the total number of outstanding contracts for a specific strike and expiry that haven’t yet been closed or settled. It’s a useful indicator of liquidity and market activity for a given contract, checked before placing an order. We cover Open Interest in complete depth in Module 10.

See why liquidity checks (including OI) matter before placing an order in How to Buy a Call Option: Step-by-Step Example.