|
|
... to "meet investor demand". UUP jumped today. UUP is supposed to track a dollar index, it ... not enough shares. Since then, UNG has come down to earth and is down about 20%. Unless the USD goes up, UUP will likely suffer from the same fate.
Here are straddles for November, December, and ... is the chart for the Nov. 23 calls today:
And this is UUP vs UDN as of 2:45PM: Completely broken.
UUP: ...
|
|
... noted by Andrew Wilkinson on Wednesday, there was a huge volume surge in UUP call options, the ETF that tracks the US Dollars index value, ... at around .15 and are now .25 (up 66% in one day on UUP) and the December calls were executed around .25 and are now .40 (UUP up ... own target low of 75.
So strong was the demand for shares of UUP that we noted in Member Chat that the PowerShares DB US Dollar ...
|
|
Ok, who knew in advance of the UUP "dislocation" from this news:
Creations of new shares in the fund are temporarily suspended pending clearance of the registration statement by ... . Some 300,000 of them were bought yesterday.
They just spiked on the re-open for more than a clean double after UUP's halt and some 60,000 of those contracts have, in the last few minutes, been ...
|
|
... purchased at the December $23 strikes. The November calls came in at around .15 and are now .25 (up 66% in one day on UUP) and the December calls were executed around .25 and are now .40 (UUP up 60%) - this is not bad for a day’s work but was it just a day’s work or are we betting on a trend?
Complete Story »
|
|
Volume might be light on the day before Thanksgiving. Yet a record low for the PowerShares U.S. Dollar Bullish Fund (UUP) is still a record low.
In mid-July 2008, UUP closed at a price point of 22.27. U.S. dollar devaluation coincided with the peak of the commodity bubble, particularly in oil. The...
|
|
StreetInsider.com Notable ETF Movers: HIGHER;
PowerShares DB US Dollar Index Bullish (NYSE: UUP) rising, up 1.16 to $22.74, on lower than expected initial jobless claims.
LOWER:
United States Oil Fund LP (NYSE: USO) down about 2.64% to $39.48. News that crude oil inventories gained by 1.76 million barrels, showing a wider gap between supply and demand.
Energy Select Sector SPDR (NYSE: XLE) also ...
|
|
Related Tags
|