Market Overview

Jim Strugger's PowerShares DB US Dollar Index Bullish Trade

Related UUP
Strong Dollar Defense And Rewards With This ETF
A Strong Dollar Idea
Peter Schiff: Everybody Who Is Betting The Trade War Is Bullish For The Dollar Is Wrong (Seeking Alpha)

Jim Strugger of MKM Holdings spoke on Bloomberg Markets about a bullish options strategy in PowerShares DB US Dollar Index Bullish (NYSE: UUP).

He thinks the U.S. dollar could trade higher and he wants to use options in PowerShares DB US Dollar Index Bullish to make a bullish trade. Specifically, he wants to buy the January 24 call for $0.40. The trade breaks even at $24.40 or 2.31 percent above the closing price on Tuesday.

Strugger added that it seems that options traders agree with the bullish view. He noticed a purchase of the January 25/26 call spread in the name on Monday.

Posted-In: Bloomberg Markets Jim StruggerOptions Markets Media ETFs


Related Articles (UUP)

View Comments and Join the Discussion!