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

Twitter, Inc. (TWTR) is a global platform for public self-expression and conversation in real time offering products and services for users, advertising, developers, platform and data partners for users to create content. The stock is currently trading around $36.01 at the lower end of its 52 week range of $33.51-$55.99. The stock has been under performing the market this year falling 4.57% year to date. TWTR is scheduled to report earnings after the closing bell today, and the stock is up $1.31 or 3.78% on the session ahead of the close.

Over the past 6 quarters TWTR has rallied on earnings day 2 times with an average move of 17.83%. The stock appears bearish on a chart going into the release having traded below or in the Ichimoku Cloud since May on the daily bars. Over the past 6 quarters TWTR has rallied on earnings day to expiration 2 times with an average move of 16.65%. Investors are mainly interested in the company’s subscriber growth, recent acquisitions, and if the company will turn a profit. With a very bearish chart, poor earnings history and no profit to show it is hard to justify anything but a short position on TWTR.

The options market is currently implying a move of around $4.56 or 13.2% in TWTR by this Friday’s close giving us targets of $31.45 and $40.57.

Trade: Buy this week’s 33-32 Vertical put spread for $0.25
Risk: $25 per lot
Reward: $75 per lot
Break Even: $32.25

Pfizer, Inc. (PFE) is a global bio-pharmaceutical company engaged in the discovery, development and manufacture of healthcare products operating in 3 segments: Global Innovative Pharmaceutical, Global Vaccines, and Oncology and Consumer Healthcare. The stock is currently trading around $34.11 at the upper end of its 52 week range of $27.51-$35.53. The stock has been out performing the market this year rallying 9.69% year to date. PFE is scheduled to report earnings before the opening bell tomorrow, and the stock is down $0.14 or 0.42% on the session ahead of the close.

Over the past 8 quarters PFE has rallied on earnings day 4 times with an average move of 1.2%. The stock appears flat on a chart going into the release having traded within the same range of 33-35 since February on the daily bars. Investors noticed a lower EPS estimate for this quarter compared to 1Q15. This quarter the company reported an estimate lower than predicted, but Pfizer reiterated no change in its operational outlook. This revision is simply a reflection of the negative impact of foreign exchange issues, primarily the weak Euro. The company generates about 21% of its revenue from developed Europe. With a flat chart, strong resistance from 52 week high and a weak Euro it is hard to justify anything, but a short position on PFE.

The options market is currently implying a move of around $1.25 or 3.67% in PFE by this Friday’s close giving us targets of $32.86 and $35.36.

Trade: Buy this week’s 33.5-32.5 Vertical put spread for $0.25
Risk: $25 per lot
Reward: $75 per lot
Break Even: $33.25

United Parcel Service, Inc. (UPS) is a package delivery company providing global supply chain management solutions and delivers packages in over 220 countries and territories providing control and visibility of customer’s inventories. The stock is currently trading around $95.04 at the lower end of its 52 week range of $94.05-$114.40. The stock has been under performing the market this year falling 14.54% year to date. UPS is scheduled to report earnings before the opening bell tomorrow, and the stock is up $0.29 or 0.31% on the session ahead of the close.

Over the past 12 quarters UPS has rallied on earnings day 7 times with an average move of 2.12%. The stock appears bearish on a chart going into the release having traded below or in the Ichimoku Cloud since mid-June on the daily bars. Over the past 12 quarters UPS has rallied from earnings to the nearest options expiration 6 times with an average move of 2.45%. The stock looks as if it could continue today’s trend and rip to the upside after receiving a lot of support from the 52 week low. Investors expect to see growth of 6% to 12% in EPS based off of the estimate UPS has given. With strong earnings rallies, support from the 52-week low and positive news pertaining to earnings it is hard to justify anything, but a long position on UPS.

The options market is currently implying a move of around $3.64 or 3.8% in UPS by this Friday’s close giving us targets of $91.54 and $98.82.

Trade: Buy this week’s 97-98 Vertical call spread for $0.28
Risk: $28 per lot
Reward: $72 per lot
Break Even: $97.28

E-Trade Financial Corp. (ETFC) is a financial services company that provides brokerage and related products and services primarily to individual retail investors and provides investor-focused banking products primarily sweet deposits to retail investors. The stock is currently trading around $29.68 at the upper end of its 52 week range of $18.20-$31.48. The stock has been out performing the market this year rallying 22.33% year to date. ETFC is scheduled to report earnings after the closing bell today, and the stock is down $0.52 or 1.71% on the session ahead of the close.

Over the past 12 quarters ETFC has rallied on earnings day 6 times with an average move of 4.40%. The stock appears bullish on a chart going into the release having traded above or in the Ichimoku Cloud since March on the daily bars. Over the past 12 quarters ETFC has rallied from earnings to the nearest options expiration 8 times with an average move of 5.19%. The stock looks as if it could reverse today’s trend and rip to the upside following the recent bullish trend. Investors have heard news of recent increase in assets under management exceeding $50 billion. With bullish technical analysis and great earnings performance in the past it is hard to justify anything, but a long position on ETFC.

The options market is currently implying a move of around $1.18 or 4.0% in ETFC by this Friday’s close giving us targets of $28.5 and $30.86.

Trade: Buy this week’s 30-31.5 Vertical Call spread for $0.32
Risk: $32 per lot
Reward: $118 per lot
Break Even: $30.32