Analysis: Options traders get set for fiscal cliff, close vote

Posted by on Oct 07, 2012

(Reuters) – Options traders in the U.S. stock market are getting their bets in place in case the U.S. economy tumbles down the “fiscal cliff,” or worse, if the U.S. presidential election is so close that the result is disputed. The stock market has been relatively calm in recent weeks in the face of uncertainty over the November 6 election and concerns that the economy could be pitched into a new recession because of substantial tax rises and government spending cuts – the so-called fiscal cliff – due to hit early next year unless Congress agrees to cancel or delay them

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