It's make-or-break time for the Cramer-coined F.A.N.G. stocks this week as the last of the group reports earnings.
Thus far, it's been we've seen mixed results from the high fliers — Facebook shares rallied to an all-time high after recording a revenue record. Meanwhile Amazon and Netflix shares fell a respective 8 percent and 5 percent in the days after their reports. According to one market watcher, Wall Street can expect an equally volatile move for Alphabet when it reports earnings Monday after the closing bell.
"The options market is implying a $61 move to the upside or downside when Alphabet reports earnings," Todd Gordon told CNBC's "Trading Nation" on Friday. That's an 8 percent move in either direction. Gordon noted that in its last two earnings reports, the move has resulted in a gap higher. "If we get a positive report, or even if it's expected, I think you could see a big move to the upside," he added.