Traders could be overlooking several golden earnings-related trading opportunities. Goldman Sachs analyst Katherine Fogertey sees five specific option trading strategies that should work this earnings season.

“The low expectations for earnings moves combined with the fact that stocks have been moving more and more on earnings vs the non-earnings period paints a very favorable picture for owning options around earnings,” she explains.

Here are the trades Fogertey recommends:

1. A Sothebys BID 1.97% straddle with May expiration captures two catalysts: the May Contemporary and Impressionist evening auction and Q1 earnings.

2. Buying Seagate Technology PLC STX 1.75% puts hedges against the downside risk to earnings that Goldman analysts fear.

3. Buying Visa Inc V 0.86% calls is a play on Goldman’s expectations that low end spending and lower gas prices will drive a Q1 earnings beat.

4. Buying Apple Inc. AAPL 0.53% calls provides…

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