using open interest to predict underlying movement?

Discussion in 'Options' started by curtisho, Sep 10, 2012.

  1. curtisho

    curtisho

    I have been using options open interest to predict underlying movement and it works well for me so far (at least when it comes to HSI index futures trading). Yet, when predicting ES, seems like OI does not work as well. Wondering if you also use OI to predict underlying movement or other data like change in IV :) ?
     
  2. !!! NO !!!