U.S. Dollar Index

The technical position of the dollar remains weak. An underside kiss of previous support as resistance will confirm technical breakdown of consolidation and accelerate selling.

U.S. Dollar Index


Headline: U.S. Dollar ETF Put-Options Volume Surges to a Record Level

Put volume for an exchange-traded fund tracking the U.S. dollar against six other major currencies surged to a record after a single trade with a strike price 3.4 percent below today’s close.

An investor bought 94,039 June $21 puts to sell the PowerShares DB US Dollar Index Bullish Fund (UUP) for 16 cents each at 12:28 p.m. in New York, according to a report by Trade Alert LLC, a New York-based provider of options-market data and analytics, and data compiled by Bloomberg.

More than 102,700 puts traded today, a record. The June $21 puts were the most traded and accounted for almost all put trades. The ETF, which began trading in February 2007, declined 0.2 percent to $21.73. It has never closed below $21.65.

Source: bloomberg.com