DIAMONDS TRUST SENIOR 1 ETF (DIA) 103.25 -$0.40 (-0.39%) 09:15PM (15 mins delay)

Is it time to buy the buck?

As noted by Andrew Wilkinson on Wednesday, there was a huge volume surge in [[UUP] call options, the ETF that tracks the US Dollars index value, ahead of the FOMC statement. 155,000 November call options were bought at the $23 strike level and another 155,000 were purchased at the December $23 strikes. The November calls came in at around .15 and are now .25 (up 66% in one day on UUP) and the December calls were executed around .25 and are now .40 (UUP up 60%) - this is not bad for a day’s work but was it just a day’s work or are we betting on a trend?