Earnings Trade on CMG, Sell the Market Rally
In today’s Stock Market Financial Report, Matthew “Whiz” Buckley, Founder of Top Gun Options and the Manager of the Primary Model Portfolio, covers a spectrum of events from domestic earnings to overseas events. This financial report covers how ‘peak week’ is coming in like a lion but most likely will go out like a lamb.
Whiz covers a weekly iron condor trade on Chipotle (CMG), with earnings set to be released Thursday. He also takes a look at previous earnings events and how the stock market has reacted. He also selects strikes on a high probability iron condor that takes advantage of the increasing implied volatility in the stock.
He discusses Pandit’s surprise ejection from Citi (C) and strength in the financials from Goldman Sachs (GS)