35 earnings season options trades to make this week: Bank of America

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Bank of America: Make these 35 cheap options trades now to profit from earnings surprises this week

Earnings season is underway, and investors can use options to profit from beats and misses alike.Investors can use long calls or short puts to position themselves for relatively cheap.

In a note to clients published July 24, Bank of America head of US equity and quantitative strategy Savita Subramanian wrote that 89 companies had reported earnings as of the beginning of this week, comprising about 25% of the S&P 500's total earnings. She also has some ideas for how investors can best position themselves to capitalize on upcoming earnings wins and losses. In a separate note published on July 24, Subramanian outlined her strategy for how to position for earnings surprises, either positive or negative, using options.

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