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Listen "Option Block 197: Driving Towards the Fiscal Cliff"
Episode Synopsis
Option Block 197: Driving Towards the Fiscal CliffTrading 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.
Interview Block: Newcomer David Peltier, Portfolio Manager for TheStreet.com’s Stocks Under 10, gets his own segment to let our listeners get to know him and Stocks Under 10 a little better. 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,” 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?
Interview Block: Newcomer David Peltier, Portfolio Manager for TheStreet.com’s Stocks Under 10, gets his own segment to let our listeners get to know him and Stocks Under 10 a little better. 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,” 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?
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