10 Most Volatile Stocks Investors Should Know For Q3 Earnings

Volatility can be a trader's best friend and an investor's worst nightmare, especially during earnings season when stocks could move higher or lower by a significant amount in one day.

Among the entire universe of companies worth at least $2 billion and more than 20,000 outstanding options, there are a handful of stocks that are expected to move 9 percent post-earnings, according to MKM Partners Derivatives strategist Jim Strugger.

In a research report sent to investors and obtained by CNBC, the analyst highlighted 10 companies with the most notable implied earnings move. Top of the list is SAGE Therapeutics Inc SAGE with an implied earnings move of 24.13 percent. Sage's stock has lost around 25 percent after announcing top-line results from a late-stage study for the treatment of super-refractory status epilepticus, which failed to meet the study's primary end point.

Here is a list of the analyst's top 10 stocks with the highest implied earnings move.

1. Sage Therapeutics: 24.13 percent.
2. Valeant Pharmaceuticals Intl Inc VRX: 13.69 percent.
3. Hertz Global Holdings, Inc HTZ: 13.45 percent.
4. Mattel, Inc. MAT: 10.57 percent.
5. Advanced Micro Devices, Inc. AMD:10.49 percent.
6. Twitter Inc TWTR: 10.39 percent.
7. Molina Healthcare, Inc. MOH: 9.94 percent.
8. FireEye Inc FEYE: 9.6 percent.
9. Tripadvisor Inc TRIP: 9.34 percent.
10. Michael Kors Holdings Ltd KORS: 9.26 percent.

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