This options strategy can profit off an Apple earnings surprise, Goldman says

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Goldman Sachs' derivatives research team shares a trade idea for Apple's earnings report on Aug. 1.

The upcoming earnings report for Apple could create a big market move that options traders can take advantage of, according to Goldman Sachs. John Marshall, head of derivatives research at Goldman, said in a note to clients that the tech giant's earnings report after the bell on Aug. 1 could deliver a positive surprise. " Hardware analyst Michael Ng expects Apple to deliver an EPS beat at upcoming quarterly earnings driven by solid growth expectations for iPad/Mac and Services.

mountain Shares of Apple are up more than 13% year to date. — CNBC's Michael Bloom contributed reporting.

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