Brian Stutland, contributor to CNBC’s Options Action shown on Fridays, is bearish on US dollar, which is under the pressure of Japan and China strengthing their currency. Specifically, he recommends buying puts on UUP, for example buying Oct 24 put for $0.6.
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Are option traders expecting a major sell off in June? $VIX had been smashed today prior to last 30 minutes of trading and then $SPY puts found a bid. #EAVOL https://t.co/dpBynvQkB7
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Brian Stutland