Sep. 7 at 5:16 PM
$AZO options flow lesson: volume and open interest answer different questions. Volume counts contracts traded during the session. Open interest is the standing balance from the prior settle. The two should not be treated as interchangeable. The alert snapshot shows
$152K in the Sep 17
$1460 puts. Volume was 4.1x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.
