Derivatives Basics

What Is Open Interest

Open interest is one of the most important context signals for options and futures traders, especially when paired with price movement and volume.

Article summary

Why this lesson matters

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Open interest is one of the most important context signals for options and futures traders, especially when paired with price movement and volume.

Practical context

How to use this explainer

Use this page as a plain-English starting point, then move into the linked Riddra routes when you need live market context or related workflows.

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Key takeaways

What to remember

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01

Open interest shows the number of active contracts

02

It becomes more useful when paired with price behavior

03

It can support buildup and unwind interpretations