Open position refers to the state that some stocks or stock futures contracts owned by investors have not been closed or sold in the stock market. When an investor buys a stock or a stock futures contract, but does not sell it, an open position is formed. If the stock price rises in the future, investors can choose to sell for profit; If the price falls, there will be losses.

The concept of open position is not limited to the stock market, but also applies to financial markets such as foreign exchange trading and commodity futures. In these markets, investors can buy or sell a certain tool, but if there is no corresponding reverse operation, then an open position is formed. The risk in this state may be more uncertain than liquidation, but it may also get higher returns.

Open interest risk not only exists in the stock market and financial market, but also may appear in some industries. For example, a manufacturer may produce a large number of products, but has not found a sales channel, forming an open inventory and facing corresponding risks. When investors consider buying a financial instrument or entering a certain industry, they need to fully understand the significance and risks of opening positions and formulate corresponding investment and business strategies.