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10 earnings stocks ready to rip or dip

Andrew Harrer | Bloomberg | Getty Images

Options traders are targeting a select group of stocks they believe will post sharp moves this earnings season. So buckle up if you hold these shares.

Based on options activity, MKM Partners' derivatives strategist Jim Strugger identified the names that could be ripe to soar or dive after posting third-quarter results.

By paying attention to activity in options, traders aim to get a reading of sentiment ahead of market-moving events.