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Alan Knuckman's Guggenheim CurrencyShares Japanese Trade

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Agora Financial's Alan Knuckman spoke on Bloomberg Markets about a bullish options trade in Guggenheim CurrencyShares Japanese (NYSE: FXY).

He thinks the U.S. dollar has topped out and he wants to buy the March 80 calls in Guggenheim CurrencyShares Japanese for $5.50. The trade breaks even at $85.50 or approximately 1 percent above the closing price on Tuesday.

 

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Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media ETFs