The dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness.
It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line and let the other half ride. There have been some contrarian calls on Wall Street for a surprisingly strong dollar.
UUP is a way to play the bullish dollar. I currently have a vertical call spread expiring 2/19 with the buy-strike being $24 and the sell-strike being $26.
It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line and let the other half ride. There have been some contrarian calls on Wall Street for a surprisingly strong dollar.
UUP is a way to play the bullish dollar. I currently have a vertical call spread expiring 2/19 with the buy-strike being $24 and the sell-strike being $26.