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A rise in call volume for dollar-bull fund UUP doesn't look so much like a roll, Zero Hedge...

A rise in call volume for dollar-bull fund UUP doesn't look so much like a roll, Zero Hedge notes, as a big bet on dollar strength - and thus a bet on market downside.
Comments (3)
  • Stone Fox Capital
    , contributor
    Comments (5790) | Send Message
     
    or what most people would call PANIC!
    5 Feb 2010, 01:43 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    Could be hedge on large equities position in the metals sector.

     

    Over 160,000 contracts of UUP Mar $23 calls traded.

     

    Last time I saw that happen was a short term top.

     

    Capitulation?
    5 Feb 2010, 02:22 PM Reply Like
  • Humble Value Miner
    , contributor
    Comments (407) | Send Message
     
    historically the correlation between the dollar and the market is not fixed. It is sometimes inverse (now, dollar rises and market down) and then moves to be direct (soon? dollar rises and market up)
    5 Feb 2010, 02:51 PM Reply Like
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