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 (NASDAQ: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. Sage Therapeutics: 24.13 percent.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX): 13.69 percent.

Hertz Global Holdings, Inc (NYSE:HTZ): 13.45 percent.

Mattel, Inc. (NASDAQ:MAT): 10.57 percent.

Advanced Micro Devices, Inc. (NASDAQ:AMD):10.49 percent.

Twitter Inc (NYSE:TWTR): 10.39 percent.

Molina Healthcare, Inc. (NYSE:MOH): 9.94 percent.

FireEye Inc (NASDAQ:FEYE): 9.6 percent.

Tripadvisor Inc (NASDAQ:TRIP): 9.34 percent.

Michael Kors Holdings Ltd (NYSE:KORS): 9.26 percent.

Related Links: How The Volatility Of Earnings Season Can Affect Leveraged ETFs How To Deal With Small-Cap Volatility

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