25000 UUP Nov 24.5 puts went up on the PHLX marked buy write.? 600000 shares of UUP went up making this a delta neutral back spread.
Shares of the Powershares Dollar Index (UUP) are up .03 to 24.87 today.? UUP is in the middle of the 52 week range.
- Paper traded 25000 UUP Nov 24.5 puts for .09.?
- The ADV is 7186.
- The OI is 10 contracts.
The volume 1 block on the PHLX marked buy write.? 600000 shares of UUP went up making this a delta neutral back spreads.? The trade pays well at dollars highs for the year around 25.55 or higher or a complete meltdown in UUP.
- IV 30 is trading for 6%.?
- HV10 is trading for 3%.?
- IV 30 is above the HV 10.
PowerShares DB US Dollar Index Bullish Fund (the Fund) is a separate series of PowerShares DB US Dollar Index Trust (the Trust).