Investors in DB US Dollar Bullish Fund (UUP) saw new options become available today, for the March 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UUP options chain for the new March 14th contracts and identified the following call contract of particular interest.The call contract at the $22.00 strike price has a current bid of 7 cents. If an investor was to purchase shares of UUP stock at the current price level of $21.70/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $22.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 1.71% if the stock gets called away at the March 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if UUP shares really soar, which is why looking at the trailing twelve month trading history for DB US Dollar Bullish Fund, as well as studying the business fundamentals becomes important. Below is a chart showing UUP's trailing twelve month trading history, with the $22.00 strike highlighted in red:
March 14th Options Now Available For DB US Dollar Bullish Fund (UUP)
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