These stocks could see big earnings moves

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This stock could surge on earnings

Earnings season officially kicks off this week with 32 S&P 500 companies and six components reporting third-quarter results. And while the overall earnings picture is expected to be bleak, some savvy traders are betting on big moves out of some of the names.

Major companies releasing results over the next few days include Johnson & Johnson, JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, Netflix, Intel, Citigroup and General Electric.

Curiously, while banks may grab the lion's share of investors' attention, options traders don't expect fireworks when they release earnings this week.

Read More Wall Street on edge as it gears up for earnings season