AAPL Weekly Iron Condor, Jobless Claims Rise
By Matthew Buckley
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In today’s Stock Market Financial Report, Matthew “Whiz” Buckley, Chief Investment Officer of Top Gun Options and the Manager of the Primary Model Portfolio, talks about seeing a significant jump in weekly unemployment numbers. “Maybe,” he says, “the administration thought that cooking jobs numbers two weeks in a row was enough.” He also takes a look at the Apple (AAPL) weekly Iron Condor splitting the uprights for a max potential profit of $2,800 in 2.5 days. “This,” he says, “is based on AAPL’s use of child labor that they learned from the Kathy Lee Gifford’s School of Using Child Labor.” He also discusses the release of the iPhone 97 and how this will impact the stock.
Whiz takes a look at what happened with China GDP, the Philly Fed, and his Chipotle (CMG) earnings Iron Condor with earnings due out today. And finally, the Model Portfolios he’s managing are up more than $110,000, or 220% since March 1st, based on $50,000 in haircut, with nearly $20,000 in profits over the past couple weeks.
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