Open Interest

The total number of futuresSee Futures Contract. contracts long(1) One who has bought a futures contract to establish a market position; (2) a market position that or short(1) The selling side of an open futures contract; (2) a trader whose net position in the futures market in a delivery monthThe specified month within which a futures contract matures and can be settled by delivery or the specified or market that has been entered into and not yet liquidated by an offsetting transactionThe entry or liquidation of a trade. or fulfilled by deliveryThe tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument. Also calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer open contracts or open commitmentsSee Open Interest..