PowerShares Bullish U.S Dollar Index (UUP), Options Pegged At 25 With Rising Put Activity

The previous post looked strictly at the technicals. Looking at the options of the PowerShares US Dollar Index Bullish (UUP), calls vs. puts open going out until December favor a price of $25+ (less premium)...


UUP October Options (Source: Yahoo Finance)


UUP December Options (Source: Yahoo Finance)

However, during the past month of September, put/call volume has been increasing, as well as the put/call open interest ratio which shows the presence of bears. Plus the Schaeffer's volatility measure is moving higher and there's a load of shorts.. Will call volume spike and UUP break out of resistance????? We'll see how UUP reacts to the house vote.


UUP Put/Call Open Interest Ratio (Source: SchaeffersResearch)

UUP Put/Call Volume Trend


UUP Schaeffers Volatility Index

Chart Sources: Schaeffersresearch.com