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v Quest 55 5pts Based on the following scenario, calculate the volume and open interest over the trading day Assume that during the first transaction
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Quest 55 5pts Based on the following scenario, calculate the volume and open interest over the trading day Assume that during the first transaction of the day, trader A goes long 3 contracts while trader B goes short those 3 contracts. During the next transaction, trader C goes long 5 contracts while trader D takes the opposite position of trader C. During the next transaction, trader B evens-up all 3 of their contracts, while trader E takes the opposite position to that of trader B. If these are all the trades for the day, what is the volume and open interest at the end of the day? Note - the answer is Volume = 11: Open Interest = 8. Given the answers above, show me how you arrive at these answers (set up the problem and/or describe how you arrive at these answers...show your work). Edit Vinw Insert Format Tools Table 12pt aragraph 2 words Step by Step Solution
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