Loading ...NickG-I just looked at the 10 yr chart for UUP-it’s not been above about 26.25
The 27 June strike is a bold call-130 K volume–he must be expecting a historic breakout…38 bucks a copy seems like reasonable risk/reward–what kind of entity makes such a bet?–big hedge fund most likely–very interesting!
Maybe it’s a hedge against a much larger gold portfolio? 🙂
Exactly what I was thinking Turtle
There was actually a smaller GLD call spread yesterday too. 20,000 march2017 127/144 for $0.42. That’s in addition to the 25,000 March2017 GLD 125 calls at $0.71 that went off last week. So apparently there are some managers out there who think GLD can run at the same time as $DXY.
Agree with your assessment. I read an article earlier that many fx guys seem to think 2017 will be the year of the dollar. Only time will tell. But its always encouraging to have a big money wind at your back!
Someone just SOLD 25,000 Mar17 $25 PUTS @ $0.13 ….. $325,000 trade more bullishness
Actually they’re still selling those puts I just mentioned……make it 50,000. Unambiguously bullish USD