Soavnow, you are correct. Seems like SXY was too cute in their USD collars by only having a thin range of $60 - $68. As per your post, they can only earn up to $68 but no less than $60. On the one hand this is good because collars like these are low cost, in comparison to Puts alone. Although, in a volatile commodity market, there's a chance you will bust the upper mark and effectively cap your revenue. Hard to judge really as oil could have stayed at sub-50 for longer.
SXY Price at posting:
38.5¢ Sentiment: Sell Disclosure: Not Held