📈 UUP calls, USD 2 OP Long

Invesco DB USD Index Bullish Fund ETFArca

Description

⋅ Mar 19, 2020 6:26 PM

USD is the world reserve currency, it tends to outperform most other currencies during a liquidity crisis like we have been seeing the last few days. If the market keeps crashing and things keep going in that direction, expect USD to keep pumping.

My strategy to tackle this move: calls on UUP, march 27th expiry (high-risk, high-reward), strike price $28 USD

Comment

⋅ Mar 19, 2020 6:28 PM

Entered @ 0.42 usd

Comment

⋅ Mar 25, 2020 1:57 PM

its not lookin good bois, still holdin tho no point in selling now

Comment

⋅ Mar 25, 2020 1:58 PM

bought more calls with longer out expiry, 4/17 this time @ 0.3

Comments

AvocadoGuru

⋅ Mar 26, 2020 1:48 PM

Need to think much farther out

delusional

⋅ Mar 27, 2020 11:09 AM

@AvocadoGuru, thanks for the feedback; what kind of timeframe are you looking at

AvocadoGuru

⋅ Apr 10, 2020 4:36 AM

@delusional, My calls are out to January 2021. This is the right idea, but its going to be a brutal fight from the Fed.

olzbot

⋅ Apr 8, 2020 2:43 AM

UUP has massive upside in the coming months.

twitter.com/RaoulGMI/status/1230462552007741442

AvocadoGuru

⋅ Apr 10, 2020 4:37 AM

@olzbot, 100%. Need a good bit of time to develop but it will be shocking

dan13456

⋅ Mar 27, 2020 3:44 PM

bought calls for jan 22 at 1,15$. This will play out within the next couple years I think. Have a look at the Milkshake Theory by Brent Johnson. Its the biggest short squeeze in historty.

Liquid_Quants

⋅ Mar 27, 2020 3:42 AM

We saw that dip continue today, but then after hours it jumped up significantly.

delusional

⋅ Mar 27, 2020 11:09 AM

@Liquid_Quants, yeah; my original idea is invalidated now for sure

dj_blockchain

⋅ Mar 25, 2020 6:58 PM

I also had the same thesis, holding on for dear life right now.

delusional

⋅ Mar 27, 2020 11:10 AM

@dj_blockchain, I got the timing wrong but I still think we will see USD strength in the coming months