Market Overview

Jim Strugger's PowerShares DB US Dollar Index Bullish Trade

Related UUP
The Luster On Gold ETFs Is Still Intact
Weak Dollar, Inflation Stir Optimism For Commodities ETFs
U.K. Q4 GDP Revised Lower; EU Inflation Data On The Tap (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!