tradeMONSTER: Trade free for 90 days

Options Trading News

November 21, 2012  Wed 9:06 AM CT

YCS: SEE CHART GET CHAIN FIND STRATEGIES
Japan's yen has been crumbling, and traders are jumping on the bandwagon.

optionMONSTER's trade scanners detected a surge of call volume in the ProShares UltraShort Yen Fund, which moves twice as much as the currency against the U.S. dollar, but in the opposite direction. Buyers snapped up more than 2,500 December 46 calls for $0.75 and $0.80, versus previous open interest of 167 contracts.

YCS is trading at $45.93, up 1.8 percent this morning and almost 8 percent in the last month. It's gained as continued economic weakness and political uncertainty in Japan hammer the yen.

The market is now looking for Tokyo to embark on a new wave of government spending. Before the selling began, the yen stood near long-term peaks because investors liked the currency as a safety play.

Total option volume in YCS is 13 times greater than average so far today, with calls outnumbering puts by almost 700 to 1.
Share this article with your friends


Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER