UDN - Invesco DB US Dollar Index Bearish Fund
The Invesco DB US Dollar Index Bearish Fund (UDN) is designed to provide investors with exposure to the inverse performance of the U. S. dollar against a basket of key global currencies.
As of Jun 30, 2026: spot at $17.86, ATM IV 457.9%, max pain $18.00, net GEX $1.1M.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $123.9M
- Beta
- 7.06
- 52-Week Range
- 17.75-19.11
- Dividend Yield
- $0.54
- IPO Date
- Mar 1, 2007
- Exchange
- AMEX
What UDN Looks Like to Options Traders Today
IV rank of 92.8% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($1.1M) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.074) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The UDN overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked UDN overview questions
- What is UDN?
- UDN is the ticker symbol for Invesco DB US Dollar Index Bearish Fund, an listed exchange-traded fund. The Invesco DB US Dollar Index Bearish Fund (UDN) is designed to provide investors with exposure to the inverse performance of the U. S. Listed on AMEX. UDN is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the UDN options snapshot look like today?
- As of Jun 30, 2026, the UDN options snapshot shows spot at $17.86, ATM IV 457.9%, IV rank 92.8%, max pain $18.00, net GEX $1.1M, expected move 131.28%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are UDN's key statistics?
- Invesco DB US Dollar Index Bearish Fund (UDN) carries a market capitalization of $123.9M, 52-week range of 17.75-19.11. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does UDN belong to?
- Invesco DB US Dollar Index Bearish Fund operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare UDN's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the UDN data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.