Buy cheap call options on these earnings surprise candidates, says Bank of America

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Watch these Russell 1000 stocks for an earnings surprise move after quarterly results, according to Bank of America.

Some companies reporting this week are primed for stronger-than-expected results which could boost their stock, according to Bank of America. The bank screened Russell 1000 names that are slated to post their numbers this week and meet the following criteria: How cheap their call options are How low is their implied volatility The stock is heavily shorted and/or lightly owned by investors BofA also has a higher earnings estimate than the Wall Street consensus for these stocks.

mountain Wynn Resorts year to date The resort giant will report quarterly results on Wednesday after the closing bell, and analysts polled by FactSet are expected an adjusted 64 cents per share. -- CNBC's Michael Bloom contributed to this report.

 

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