What do "Position opened" and "Churned intraday" mean in Order Flow?
Quick answerOrder Flow (Terminal) lists every order behind every signal with what happened overnight. Position opened: open interest rose, so the size was kept. Churned intraday: it traded back out the same day. Awaiting: the verdict comes tomorrow morning.
The details
- Position opened: open interest rose overnight. A real position, not day-trading churn.
- Churned intraday: open interest did not rise: the money traded back out.
- Awaiting: open interest settles overnight; the verdict arrives the next morning.
- SPREAD: two strikes traded as one structure, shown with its net value. Visible here, never counted toward a signal.
The next morning's open interest is the receipt: it cannot be faked. Show history goes back through earlier sessions (earlier days).
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