30-Day Downside Put Protection Falls to Lowest Level in 2 months
UUPInvesco Db US Dollar Index Bullish27.42+0.02 (+0.1%)
The cost to protect downside risk fell to 0.4%, the lowest level since Nov 13, 2023 when it was at 0.4%. The 52-Week average is 0.8% and the 52-Week range is 0.4% - 3.3%.
Something to keep an eye on: Mostly large institutional traders are showing a long build up in $UUP. Net option volume delta is 1.2 M!