With most asset classes getting pummeled this past week, investors are seeking
the relative safety of the US dollar. One method to get bullish exposure to the dollar is
through Invesco DB US Dollar Index Bullish ETF (UUP). UUP is a fund that is long the
dollar versus a basket of other major currencies. Typically, UUP doesn't move all that much,
but it has gone from $26 to as high as $29 this past week after sitting in about $1 range for
most of the year. One trader sold the 27.5 puts expiring in two weeks, which generates a
1.6% yield over that short period.
If you had followed Jay Soloff’s 2018 trades, with a little luck, you could’ve turned $500 into as much as $678,906. That sounds unbelievable. But you gotta see how it’s possible.
If you can scrounge together $500 in cash, it could’ve been worth a small fortune today. Check out how it could’ve happened for you, click here.