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UUP Call Volume Surges As Investors Bet On Major Rise In Dollar

By Tyler Durden | February 05, 2010 | 2:29 PM | 3 Comments

Assuming some massive UUP March call position is not being rolled, today was the second biggest volume day in UUP March Calls ($23 strike) ever. We believe this is not a roll as the trade did not have the pre-negotiated look of a usual roll, which does not move the actual price of the option itself materially. The March $23 strikes have been trading in a wide range opening just north of $0.70 and last traded $0.79/0.80. This is a major bet on future dollar strength. And, by implication, a leveraged bet on major market downside.


h/t Bill

Comments (3)  |  Related Topics  » | |

 
UUP call volume surges

Let’s take a quick look at the UUP  which could be on the verge of a low-risk, major turning point to the upside.  Let’s pay close attention to a recent volume surge and a likely Elliott Wave fractal count which seems to be complete.

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Submitted by sophiemoria on Sat, 2010/02/06 - 6:59am » reply |
 
UUP Call Volume Surges As Investors

The Dollar trading at a premium?  Surely you can’t be serious, here dollar bashing has become a popular blood sport, it’s the main reason we’ve been having trouble buying into this commodity-led rally

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Submitted by alexabedi on Mon, 2010/02/08 - 5:33am » reply |
 
UUP call volumes continue to rise

The UUP is surely about to see an upside jump like we've not seen for some time. Some wierdness in the behaviour of the Fed is combining for some really interesting times atm.

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Submitted by Jesus (not verified) on Mon, 2010/02/22 - 8:42pm » reply |

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