The nearest expiration date for ALRS ORDINARY SHARES FUTURES is Jun 20, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell ALRS ORDINARY SHARES FUTURES before Jun 20, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For ALRS ORDINARY SHARES FUTURES this number is 68.61 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for ALRS ORDINARY SHARES FUTURES shows that traders are closing their positions, which means a weakening trend.