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Look at the premium on calls on UUP for October, nearly zero.
People are so convinced the dollar is going for a dirt nap that they sell leverage for cheap. The intraday on UUP looks like a nice basing pattern IMHO.
Look at the December 24 call. There is strong volume there.
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UUP calls
Posted by steveo on 8th of Sep 2009 at 03:09 pm
Look at the premium on calls on UUP for October, nearly zero.
People are so convinced the dollar is going for a dirt nap that they sell leverage for cheap. The intraday on UUP looks like a nice basing pattern IMHO.
Look at the December 24
Posted by mkrmdz on 8th of Sep 2009 at 04:16 pm
Look at the December 24 call. There is strong volume there.