KDK Options has opened a new trade. It has purchased a US Dollar ETF (UUP) January $26.00 call option. The price of the option was $0.39 before fees and commissions. The expected value for the trade is $1.00. Some reasons for the trade are below.
- Likelihood of a rate hike in December is high
- Chart is indicating another up leg is upon us
- Other Central banks are looking to continue to ease
**
This blog is used for informational purposes only. It should not be
used as a recommendation to buy or sell any security. Do your own due
diligence before trading or investing. **
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