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Carter Worth And Mike Khouw's Bullish US Dollar Trade

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On CNBC's Options Action, Carter Worth analyzed PowerShares DB US Dollar Index Bullish (NYSE: UUP) from a technical standpoint. He said the stock is trading at its resistance and he thinks that it won't be able to break out on the upside.

Mike Khouw wants to buy the January 26 puts for $0.30 to set up a bearish position in PowerShares DB US Dollar Index Bullish.

The trade breaks even at $25.70 or 1.15 percent lower from the closing price on Friday. If the stock drops below $26, Khouw would consider selling a put with a lower strike in order to make a put spread.

Posted-In: Carter Worth CNBC Mike Khouw Options ActionOptions Markets Media

 

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