Jim Iuorio: US Dollar Due For Big Spike, Trade Too Crowded (Fast Money)

Jim Iuorio on Fast Money touched on that HUGE volume on the November $23 UUP Calls today (more detailed info here).  He thinks we're due for a big spike in the US Dollar because the trade is too crowded.  If he's right, it could do some (short term) damage to the markets and carry trade (Roubini).  A total of 330,000 contracts moved today on that call strike. At 11:36pm USDX is up 0.29% to 75.87. If it breaks down here it could test $74-72 support. Are we due for a squeeze? Watch UUPKW at Yahoo Finance. If it spikes to 0.30 before November 20, someone doubled $4 million.