High open interest levels keeping a lid on prices?

Discussion in 'Options' started by jbtrader23, Aug 9, 2002.

  1. At what point do high open interest levels at a particular strike keep a lid on prices?

    Look at the QQQ Aug 24 calls. Almost 200,000 open interest with another 150,000 at the 25's. Talk about a resistence barrier.

    How do you use these numbers in your trading?