Wednesday, September 9, 2009

Bullish Set Up For US Dollar? 24K UUP December 23 Calls Trading

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




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