In my opinion the Dollar Index has the potential to move lower. Equity weakness, Fed slowing(stopping?) rate hikes to only two next year and repatriation going into the new year should all weigh on the Greenback going into year end.
March futures on the Dollar Index last at 96.15 as of this writing, can potentially move lower to 95.00 and potentially 94.50 In my opinion, getting short with a stop at 9675 risks $600.00 to make $1150.00 and potentially $1650.00
Also consider Options on the Dollar Index, the February 9550 Put cost .475 = $475.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade, also the 9500 Put cost .340 = $340.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade and the 9450 Put cost .245 = $245.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
For upside protection consider the February 9700 Call cost .860 = $860.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
MARCH FUTURES ARE THE UNDERLYING CONTRACT
FEBRUARY OPTIONS EXPIRE IN 50 DAYS 2/8/2019
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