Global X - MSCI Norway ETF (NORW) Open Interest History
Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.
Global X - MSCI Norway ETF (NORW) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $68.5M, listed on AMEX, carrying a beta of 0.49 to the broader market. The Global X MSCI Norway ETF, identified by its NORW ticker, aims to mirror the comprehensive financial returns—both capital appreciation and income generation—of the MSCI Norway IMI 25/50 Index, before any deductions for operational expenses. public since 2009-08-19.
Snapshot as of Jul 15, 2026.
- Spot Price
- $33.92
- Call OI
- 163
- Put OI
- 424
- Total OI
- 587
- Put/Call Ratio
- 0.50
As of Jul 15, 2026, Global X - MSCI Norway ETF (NORW) has 587 total contracts outstanding across all expirations. Put/call OI ratio is 2.60 (put-heavy positioning, often indicating hedging or bearish bias). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.
How NORW open interest history Data Feeds Strategy Selection
Strategy selection on Global X - MSCI Norway ETF options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 14.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the NORW open-interest data
The open-interest time-series above tracks the total Global X - MSCI Norway ETF options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 0.50, call-heavy - speculative or bullish positioning dominates. Total call OI of 163 versus put OI of 424 gives a put/call OI ratio of 2.60 - structurally a slower-moving signal than the volume-based ratio.
NORW flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current negative dealer-gamma regime, large OI clusters tend to act as price repellents that accelerate moves through key strikes.
Using NORW OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for NORW sits at 37 days, so near-dated volume currently dominates the flow reading.
Learn how open interest is reported and how to read the data →
Daily open-interest history for NORW options over the last ~5 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.
Most recent 5 trading days (descending). Older history appears in the chart above.
| Date | Call OI | Put OI | Total OI | P/C OI |
|---|---|---|---|---|
| Jul 15, 2026 | 163 | 424 | 587 | 2.60 |
| Jul 14, 2026 | 38 | 424 | 462 | 11.16 |
| Jul 13, 2026 | 38 | 424 | 462 | 11.16 |
| Jul 10, 2026 | 38 | 414 | 452 | 10.89 |
| Jul 9, 2026 | 38 | 413 | 451 | 10.87 |
Frequently asked NORW open interest history questions
- What is the current NORW options open interest?
- As of Jul 15, 2026, Global X - MSCI Norway ETF (NORW) has 587 total contracts outstanding across all listed expirations, split as 163 calls and 424 puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
- What is the NORW put/call open interest ratio?
- Put/call OI ratio of 2.60 is put-heavy, often indicating hedging demand or bearish positioning.
- What does NORW open interest tell traders?
- Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.