Option Block 197: Driving Towards the Fiscal Cliff
Option Block 197: Driving Towards the Fiscal Cliff
Trading Block: Markets down following presidential election. What can we attribute this to? There is strength in inelastic demand, inflation sensitive assets like GLD, corn, soybeans and wheat.\xa0
Interview Block: Newcomer David Peltier, Portfolio Manager for TheStreet.com\u2019s Stocks Under 10, gets his own segment to let our listeners get to know him and Stocks Under 10 a little better.\xa0
Odd Block: Harmony Gold (HMY): a customer sold about 6,500 Jan 13 10 calls at $0.20; Exco Resources Inc. (XCO): a customer bought Dec 7 and Dec 8 calls, in a "call stupid,\u201d and; Gerdau SA (GGB): a customer bought a chunk of Jun 2013 - 5,100 9 and 2,000 8 puts.
Around the Block: No really big economic events are in our near horizon with earnings season and the elections near an end. How will things play out in the market with the "fiscal cliff" looming ahead?