Davis Martin, lead trader at DailyProfitMachine.com, likes General Motors (GM) options as a post-hurricane play, noting that statistics show that Texans like to buy domestic cars and trucks, and that 40 percent of the car-buying in Texas happens around storm-ravaged Houston. Martin is watching Dec. 15 call options as a possible play this week.
Davis Martin is the head trader at DailyProfitMachine.com. He trades SPY Calls and Puts and swing trades mid-large cap stocks and stock options. At the time he taped this interview, he had no GM options but was considering them for purchase this week as a swing trade. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.