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Is this a Robinhood glitch? Why is the Open Interest on this random bank put so high if nobody is trading it?
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A beginner asks why a random bank ETF put has high open interest but zero daily volume, wondering if it's a Robinhood glitch.
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I’m still pretty new to looking at the Greeks and option chain stats. I was just clicking around some regional banking tickers trying to learn how ETFs work, and I opened up the KRE chain.
I saw these $58 Puts and noticed the Open Interest is almost 63,000, but the volume today is literally 0.
I thought options usually had way lower numbers unless it's a huge ticker like SPY. Does this just mean a bunch of people bought these a long time ago and forgot to close them?
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