What is Open interest? How can I use it to trade PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021)?

Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021) shows that traders are closing their positions, which means a weakening trend.

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PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021) chart

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A representation of what an asset is worth today and what the market thinks it will be worth in the future.

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Frequently Asked Questions

The nearest expiration date for PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021) is Aug 6, 2021.

The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell PJM PSEG Zone Off-Peak Calendar-Month Day-Ahead LMP Futures (Jul 2021) before Aug 6, 2021.