The Commitments of Traders (COT Report) has several key terms you need to understand before you can read the report. The key terms are, Open Interest, Reportable Positions, Commercial and Non-commercial Traders, Non-reportable Positions, Spreading, Changes in Commitments from Previous Reports, Percent of Open Interest, Number of Traders, Old and Other Futures, Concentration Ratios, and Supplemental Report.
Percent of Open Interest – Percents are calculated against the total open interest for the futures-only report.
And, percents are calculated against the total futures-equivalent open interest for the options and futures combined report.
Percents less than 0.05 are shown as 0.0; however, the percents may not add-up to exactly 100.0 due to rounding.
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