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Exactly. If you both buy to open and sell to open you are betting against yourself (also known as "hedging your bets").

Another reason why people might do this is if the exchange has rules that only a certain number of contracts are allowed to be open at once, and you're not sure if you want to be long or short right now but you'll decide in the future. So you enter both sides of the contract, and then later close out the one or the other. Thus making sure you're able to choose the desired side to be on.
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