Option traders are bracing for big post-earnings moves from Amazon, Apple and Facebook

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, worth nearly $5 trillion combined, are all on deck to report after the bell. In the absence of clear guidance, option traders are pricing in big moves in these high-fliers when they drop high-stakes quarterly results.

The options market is now implying at least a 5% move either way for Amazon and Facebook post earnings, while the expected action for Apple and Alphabet is in the 4% range, up or down, according to data from Options AI. While these tech giants have led the sharp market rebound from the coronavirus sell-off, their first-quarter reports did reveal some of their weaknesses as advertising dried up and costs mounted amid the pandemic. The results also came a day after the

 

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Pro Always wondered how much money do options traders actually make. I'm talking regular people (not professionals) who want to beat the market.

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