Bull or Bear Market… Doesn’t matter

Kyle Dennis’ new, 5 Min Strategy is poised to double Your Money Weekly!

Michael S. made 173% with Dollar Ace. So can you!


Today’s trade: PowerShares DB US Dollar Bullish ETF

Davis MartinDavis Martin ·

The set-up: Every time there are increased tensions with North Korea, the dollar takes a hit. This week was no exception, and while there was a solid rebound in the dollar on Wednesday that took back most of what was lost after the latest missile tests, the nervousness is still there.

Sadly, I don’t see the headlines going away, and it’s fair to expect that the dollar will be oversold on the news, testing support before bouncing back.

The play: I’m looking at options the PowerShares DB US Dollar Bullish ETF (UUP), thinking I will buy further-dated, in-the-money call options if UUP can hold its current level of $24.

10 contracts to start if it holds up above the 20 day simple moving average line by 3:30pm EST, if not i’ll wait

Specifically, I’m looking at the Dec. 15 $24 call options, planning to buy 10 contracts if it holds up above the 20-day simple moving average line by 3:30 p.m. EST. If it falls below, I’ll hold off. If I like the looks of this trade, I could add to the position, but that won’t be until next week at the earliest.

My plan here is to start shaving my profits when they hit/exceed 10 percent. I’ll stop out of the trade if UUP closes below Monday’s low of $23.81.


Davis Martin is the head trader at Dailyprofitmachine.com. He trades SPY calls and puts and swing trades individual stocks and stock options. At the time this article was published on RagingBull.com, he had never before traded shares or options in the UUP, but he was planning to purchase Dec. 15 call options in the ETF as described here.

You may also like

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens. (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles