Does anyone ever buy calls or puts on UUP? Does this work out well seeing that UUP is a leveraged etf? I realize if one times it just right, one could do well, but what are your experiences with these options? I heard that its not a good idea to hold leveraged etfs over the long term. Also, it seems that there would be a lot more volatility with a leveraged etf option, making it harder to earn a profit. Thoughts?
im playing UUP call options as a hedge for a few stock call option positions....turns out at the moment theyre both working but I wonder if the rise in the dollar is pointing toward a shorter term top in the stock market? Or because of the fact that tighter money is coming is there finally going to be a disconnect where the USD and the stock market both get stronger?