Dreamworks Animation SKG, Inc. (DWA) is creates and exploits branded family entertainment, including animated feature films, television series and specials, live entertainment properties and related consumer products. The stock is currently trading around $23.78 at the lower end of its 52 week range of $18.16-$29.75. The stock has been out performing the market this year rallying 6.45% year to date. DWA is scheduled to report earnings after the closing bell today, and the stock is down $0.03 or 0.13% on the session ahead of the close.

Over the past 12 quarters DWA has rallied on earnings day 5 times with an average move of 9.14%. The stock appears bearish on a chart going into the release having fallen through the Ichimoku Cloud and continued trading below the cloud in the past month on the daily bars. Over the past 12 quarters DWA has rallied on earnings day to the nearest expiration 5 times with an average move of 10.82%. Investors are mainly watching to see how the top line performs due to foreign currency movements and the bottom line impacted by costs associated with the expansion of the Awesomeness-TV operations. With the stock trading below the cloud, disappointing earnings history and high costs it is hard to justify anything but a short position in DWA.

The options market is currently implying a move of around $1.7 or 7.2% in DWA by the end of this week giving us targets of $22.08 and $25.48.

Trade: Buy this week’s 23-22 Vertical put spread for $0.28
Risk: $28 per lot
Reward: $72 per lot
Break Even: $22.72

Priceline Group Inc. (PCLN) is a provider of online travel and travel related reservation and search services through its online travel agent services, connecting consumers wishing to make travel reservations with providers of travel services across the world. The stock is currently trading around $1,256.04 at the upper end of its 52 week range of $990.69-$1329.90. The stock has been out performing the market this year rallying 10.24% year to date. PCLN is scheduled to report earnings before the opening bell tomorrow, and the stock is up $15.56 or 1.21% on the session ahead of the close.

Over the past 11 quarters PCLN has rallied on earnings day 9 times with an average move of 5.19%. The stock appears bullish on a chart going into the release having ripped through the Ichimoku Cloud and continued trading above the cloud in the past month on the daily bars. Over the past 11 quarters PCLN has rallied on earnings day to the nearest expiration 8 times with an average move of 5.17%. Investors are mainly watching to see how the company performs due to increased travel during Summer. With the stock trading above the cloud, incredible earnings history and increased travel it is hard to justify anything but a long position in PCLN.

The options market is currently implying a move of around $81.8 or 6.5% in PCLN by the end of this week giving us targets of $1,174.24 and $1,337.84.

Trade: Buy this week’s 1,332.5-1,335 Vertical call spread for $0.50
Risk: $50 per lot
Reward: $200 per lot
Break Even: $1,333

Zoetis, Inc. (ZTS) is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals across the Americas, Europe, Africa and Asia. The stock is currently trading around $48.71 at the upper end of its 52 week range of $31.67-$55.38. The stock has been out performing the market this year rallying 13.18% year to date. ZTS is scheduled to report earnings before the opening bell tomorrow, and the stock is down $0.26 or 0.53% on the session ahead of the close.

Over the past 8 quarters ZTS has rallied on earnings day 3 times with an average move of 2.01%. The stock appears bullish on a chart going into the release having traded above the Ichimoku Cloud and diving to trade below the cloud in the past month on the daily bars. Over the past 8 quarters ZTS has rallied on earnings day to the nearest expiration 4 times with an average move of 2.58%. Investors are mainly watching to see how the company performs after the acquisition of Abbott Laboratories. With the stock trading below the cloud, bad earnings history and a strengthening acquisition it is hard to justify anything but a short position in ZTS.

The options market is currently implying a move of around $2.73 or 5.6% in ZTS by the end of this week giving us targets of $45.98 and $51.44.

Trade: Buy this week’s 47.5-46 Vertical put spread for $0.45
Risk: $0.45
Reward: $105
Break Even: $47.05

CVS Health Corp. (CVS) together with its subsidiaries, is a pharmacy company operating through three business segments: Pharmacy Services, Retail Pharmacy and Corporate. The stock is currently trading around $113.17 at the upper end of its 52 week range of $74.69-$113.65. The stock has been out performing the market this year rallying 17.44% year to date. CVS is scheduled to report earnings before the opening bell tomorrow, and the stock is down $0.69 or 0.61% on the session ahead of the close.

Over the past 11 quarters CVS has rallied on earnings day 8 times with an average move of 1.85%. The stock appears very bullish on a chart going into the release having traded above the Ichimoku Cloud since mid-June on the daily bars. Over the past 11 quarters CVS has rallied on to the nearest options expiration 8 times with an average move of 3.2%. Investors are mostly watching how the newly opened stores are operating after seeing increased sales. The ExtraCare Rewards Program and newly launched beauty elevation program will drive growth. With the stock trading above the cloud, great earnings history and positive growth with new stores it is hard to justify anything but a long position in TSN.

The options market is currently implying a move of around $3.36 or 3.0% in CVS by the end of this week giving us targets of $109.79 and $116.51.

Trade: Buy this week’s 115-117 Vertical call spread for $0.51
Risk: $51 per lot
Reward: $149 per lot
Breakeven: $115.51

Tyson Foods, Inc. (AMGN) is a food product company operating in five continued segments: Chicken, Beef, Pork, Prepared Foods, and International. The stock is currently trading around $44.61 at the upper end of its 52 week range of $36.12-$45.10. The stock has been out performing the market this year rallying 11.27% year to date. TSN is scheduled to report earnings on Monday before the opening bell, and the stock is down $0.23 or 0.52% on the session ahead of the close.

Over the past 8 quarters TSN has rallied on earnings day 6 times with an average move of 4.7%. The stock appears very bullish on a chart going into the release having traded above the Ichimoku Cloud since mid-April on the daily bars. Investors are mostly watching how company’s profits are effected after a bird flu wiped out millions of chickens. strong momentum in most business segments drove sales and helped post modest results in the past few quarters and is expected to continue this trend. Corn prices are at a record low helping with margins of the company. With the stock trading way above the cloud, great earnings history and overly bearish investors it is hard to justify anything but a long position in TSN.

The options market is currently implying a move of around $2.50 or 5.6% in TSN by August 21st giving us targets of $42.11 and $47.11.

Amgen Inc. (AMGN) is a biotechnology company engaged in discovering, developing, manufacturing and delivering human therapeutics to pharmaceutical wholesale distributors in the United States and Europe. The stock is currently trading around $171.17 at the upper end of its 52 week range of $124.76-$174.80. The stock has been out performing the market this year rallying 6.61% year to date. AMGN is scheduled to report earnings after the closing bell today, and the stock is down $0.30 or 0.17% on the session ahead of the close.

Over the past 12 quarters AMGN has rallied on earnings day 6 times with an average move of 3.38%. The stock appears to make no stable trend on a chart going into the release having broken through the upside of the Ichimoku Cloud in late July on the daily bars. Over the past 12 quarters AMGN has rallied on earnings day to expiration 7 times with an average move of 4.01%. Investors are hoping for another surprise since the average earnings surprise over the last four quarters is 13.98% as well as increasing sales due to orders from major institutions. With the stock trading way above the cloud, good earnings history and strong sales support it is hard to justify anything but a long position in AMGN.

The options market is currently implying a move of around $6.37 or 3.7% in AMGN by this Friday’s close giving us targets of $164.80 and $177.54.

Trade: Buy this week’s 175-177.5 Vertical call spread for $0.62
Risk: $62 per lot
Reward: $1.88 per lot
Break Even: $175.62

Seagate Technology PLC (STX) is the provider of electronic data storage products including hard disk dries, commonly referred to as disk drives, hard drives, or HDDs. The stock is currently trading around $50.72 at the lower end of its 52 week range of $44.46-$69.40. The stock has been under performing the market this year falling 23.74% year to date. STX is scheduled to report earnings before the opening bell tomorrow, and the stock is up $1.30 or 2.63% on the session ahead of the close.

Over the past 12 quarters STX has rallied on earnings day 5 times with an average move of 5.23%. The stock appears to be reversing and starting a bullish trend on a chart going into the release having ripped to the bottom of the Ichimoku Cloud in late July on the daily bars. Over the past 12 quarters STX has rallied on earnings day to expiration 5 times with an average move of 6.38%. Investors are hoping to see continued sales growth. With the stock trading in a bullish trend towards the bottom of the cloud, good earnings history and strong support from the 52 week low it is hard to justify anything but a long position in STX.

The options market is currently implying a move of around $2.59 or 5.1% in STX by this Friday’s close giving us targets of $48.13 and $53.31.

Trade: Buy this week’s 52-53 Vertical call spread for $0.29
Risk: $29 per lot
Reward: $71 per lot
Break Even: $52.29

Procter & Gamble Co. (PG) provides consumer packaged goods operating in five segments under GBUs: Beauty, Grooming, Health Care, Fabric Care, Family Care, and Home Care. The stock is currently trading around $80.81 at the lower end of its 52 week range of $77.10-$93.89. The stock has been under performing the market this year falling 11.29% year to date. PG is scheduled to report earnings before the opening bell tomorrow, and the stock is up $0.58 or 0.72% on the session ahead of the close.

Over the past 12 quarters PG has rallied on earnings day 8 times with an average move of 2.64%. The stock appears slightly bullish on a chart going into the release having broken through the upside of the Ichimoku Cloud in July on the daily bars. Over the past 12 quarters PG has rallied on earnings day to expiration 8 times with an average move of 3.47%. Investors are mainly interested to see how the higher prices of products will effect sales and savings on oil-based commodity costs. With a bullish chart, great earnings history and savings with oil based products it is hard to justify anything but a long position in PG.

The options market is currently implying a move of around $1.80 or 2.2% in PG by this Friday’s close giving us targets of $79.01 and $82.61.

Trade: Buy this week’s 81.5-82.5 Vertical call spread for $0.28
Risk: $28 per lot
Reward: $72 per lot
Break Even: $81.78

Facebook, Inc. (FB) is a social networking company engaged in developing products that enables users to connect and share through mobile devices and personal computers offering services focused on people, marketers, and developers. The stock is currently trading around $96.30 at the lower end of its 52 week range of $70.32-$99.24. The stock has been out performing the market this year rallying 23.05% year to date. FB is scheduled to report earnings after the closing bell today, and the stock is up $1.01 or 1.16% on the session ahead of the close.

Over the past 12 quarters FB has rallied on earnings day 8 times with an average move of 8.70%. The stock appears bullish on a chart going into the release having traded above the Ichimoku Cloud since mid-June on the daily bars. Over the past 12 quarters FB has rallied on earnings day to expiration 7 times with an average move of 9.07%. Investors are mainly interested in the monthly active users number and expect to see a continued revenue growth number. With a very bullish chart, great earnings history and strong revenue growth it is hard to justify anything but a long position on FB.

The options market is currently implying a move of around $8.10 or 8.4% in FB by this Friday’s close giving us targets of $88.20 and $104.40.

Trade: Buy this week’s 102-104 Vertical call spread for $0.50
Risk: $50 per lot
Reward: $150 per lot
Break Even: $102.50

Yelp, Inc. (YELP) connects people with local businesses by bringing word of mouth online and providing a platform for business and consumers to engage and transact providing local review sites. The stock is currently trading around $33.45 at the lower end of its 52 week range of $32.36-$86.88. The stock has been under performing the market this year falling 38.79% year to date. YELP is scheduled to report earnings after the closing bell today, and the stock is down $0.24 or 0.71% on the session ahead of the close.

Over the past 12 quarters YELP has rallied on earnings day 6 times with an average move of 13.66%. The stock appears bearish on a chart going into the release having traded below or in the Ichimoku Cloud since March on the daily bars. Over the past 12 quarters YELP has rallied on earnings day to expiration 6 times with an average move of 13.18%. Investors have seen a report from Pacific Crest about the company overcharging for ads, the returns of which have been lower than expected. With a bearish chart, mixed earnings history and no positive news it is hard to justify anything but a short position on YELP.

The options market is currently implying a move of around $4.95 or 14.7% in YELP by this Friday’s close giving us targets of $28.5 and $38.40.

Trade: Buy this week’s 30.5-28.5 Vertical put spread for $0.52
Risk: $52 per lot
Reward: $148 per lot
Break Even: $29.98