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r/wallstreetbetsr/wallstreetbets· u/Longjumping-Door-369· 2d agoDiscussion 0

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 regional bank ETF put has high open interest but zero 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 or what?

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