Hello i'm trying to learn the DOM, and was wondering if someone could help me understand it.

1. In the attached picture, does the volume mean 'number of contract'?

2. So in the above case, does it mean that one person bought 42 contracts at Market Price from a seller who had a Limit Sell order in place?

Thanks.

I am seeing an "invalid image" error on your picture.

If I were just starting to learn how to use the DOM/Tape the first thing would be to watch these free videos from Jigsaw.

Free Tape Reading and Order Flow Training Materials

I am a satisfied Jigsaw customer and have watched these videos numerous times.

@kooner101

Can't see the image either but assuming it shows a price with a volume of 42 contracts, and it is green or blue, then both your points 1. and 2. are correct. (Also assuming your tape has the usual default colours of green or blue for volume transacted on the offer, and red for volume transacted on the bid).

Wartrace 

I am seeing an "invalid image" error on your picture.

matthew28 

@kooner101 Can't see the image either .

matthew28 

Can't see the image either but assuming it shows a price with a volume of 42 contracts, and it is green or blue, then both your points 1. and 2. are correct. (Also assuming your tape has the usual default colours of green or blue for volume transacted on the offer, and red for volume transacted on the bid).

After seeing the picture the OP is still correct.

Except instead of what I think of as 'default tape colours' he has orange for volume transacted on the offer/ask, and blue for volume transacted on the bid.