US Dollar Bullish Index (NYSE: UUP) has gne very active…. It has traded 109,000 calls early on with huge buying at November $23, 96% bought offer side, and already nearly 10X average call volume. The action comes ahead of the FOMC decision which will be a USD moving event, and this action is looking for a USD rally from the comments, which would likely result in a market sell-off later today, something to be worried about, or at least hedged for, as the positions could easily be tied to other market bets, but the action is worth noting.
-JOE KUNKLE, OptionsHawk.com
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