The December Dollar Index has rebounded from the 96.00 consolidation area.
The Dollar Index is apparently showing strength to move potentially toward 98.50 to 99.00 area in my opinion.
The US economy should continue to strengthen further according to recent data.
A flight into Dollar holdings such as Stocks and Bonds from hedge funds, pensions and speculators should help keep a bottom in the dollar in place and add to the technical upward trend.
Consider Call strategies on the December Dollar Index, the 98.00 Call cost .0365 = $365.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade, the 98.50 Call cost .0235 = $235.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade, the 99.00 Call cost .0155 = $155.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
For a contrarian view and a downside hedge, consider the 96.50 Put cost .0295 = $295.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade or the 96.00 Put costing .0200 = $200.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
There are 23 days to expiration on 12/07/2018.
To discuss any strategies feel free to call 888-391-7894 or email me peterori@walshtrading.com
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