The nearest expiration date for 3M SARON Futures is Dec 14, 2027.
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 3M SARON Futures before Dec 14, 2027.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For 3M SARON Futures this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for 3M SARON Futures shows that traders are closing their positions, which means a weakening trend.