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After hours today AMZN & GOOGL reported earnings. Both companies beat their expectations and have moved close to 1 standard deviation to the upside. As we have talked about if you look at earnings trades over 1000s of occurrences there is no statistical edge in Iron Condor trades. However, there is an edge in placing a trade in the direction of the stock and overall market trend. We have seen that to be true today for AMZN & GOOGL. Let’s also take a look at overall market and what to expect tomorrow…
