Bearish Bet on USD: Rolling to July

UUP: Trader rolling his bearish bet on USD out to July
Sold (Expired) 179,820 06/21/2019 $26.0 p $0.01
Bought 179,820 07/19/2019 $26.0 p $0.17
Thesis: Rate cut 100% probable July FOMC meeting will weaken USD while geopolitical uncertainty and reduced inflation concerns make gold more attractive.