Shares of PowerShares DB US Dollar Index Bullish (UUP) are down .09 to 21.65. ?UUP is trading near its 52-week lows.
Today paper traded the UUP MAR 21 puts in a block of 5000 for 0.43.? The average contract volume is 6,455 contracts per day in the name, and open interest is 27,071 contracts on the strike.? The implied volatility is up 0.4 points in March. ?The trade looks to be seller of puts closing part of the trade.
30-day implied volatility is 7%.?? 10-day implied volatility is 3.6%.? 30-day implied volatility is trading well over the 10-day historical volatility.
PowerShares DB US Dollar Index Bullish Fund (UUP) is a separate series of PowerShares DB US Dollar Index Trust (the Trust). The Fund establishes long positions in certain futures contracts (the DX Contracts) with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Long US Dollar Index (USDX) Futures Index Excess Return (the Index), over time.