The Dollar is getting BEAT DOWN with the market rally. There is interesting volume today in the UUP December $23 Call (24,010 traded today w/3,299 open). 22,791 UUP December $24 calls are also open killing all open interest in the puts. Not sure if those were shorts or what. There are also 31,578 March 2010 calls open at the $26 strike killing all put interest as well. Just something to know about if this thing bases out and/or the market "
trips".
UUP December Option Chain (Courtesy of Yahoo Finance)
UUP March Option Chain (Courtesy of Yahoo Finance)
UUP 3 Year Chart, clear downtrend