The earnings season has been a little better than expected so far, and that has led to an earnings trend for options traders, according to Goldman Sachs. The bank’s derivatives research team, headed by Vishal Vivek, said in a note to clients on Wednesday that betting on big stocks rising after recent weeks’ gains had been a profitable move. “Buying calls ahead of earnings for the average US stock with liquid options has generated a +13% return on Premium QTD. Despite the potential for outsized returns, the implied volatility of the average S and P500 stocks is down 4 points in a month from the last 2 weeks to 38,” Vivek wrote. A call option is a bet that a stock will face rises above a predetermined strike price by its expiration date.It gives the holder the right to buy that stock at the strike price and the only risk investors face is that the stock falls and they lose the premium paid to buy the option.Goldman identified upcoming earnings reports where the price of options looks cheap.”Looking ahead, we recommend buying calls or replacing stock positions with call options on stocks that are reporting earnings, as the broad decline in option prices has made volatility buying strategies attractive.” has,” Vivek wrote. Next week there’s a wave of healthcare companies reporting and a Quite a few of them made Goldman’s list. Medical supplies wholesaler McKesson reports Tuesday, followed by CVS Health and Amgen later in the week. Health care is a market area where many Wall Street strategists are bullish given the continued demand for the sector even during a recession. Amgen, for example, is up more than 17% year-to-date. The retail component of CVS’s business could make it a more volatile bet. The stock is down more than 9% year-to-date. Another name on the list that has outperformed in 2022 is EOG Resources. The energy stock is up 50% in 2022 as oil prices remain elevated. Many Wall Street pros believe the stock can still go higher from here. According to FactSet, EOG has a buy rating from 81% of its analysts. The company will release its latest results on November 3rd. On the other hand, a less popular stock may offer a higher yield if the company is reporting a better-than-expected quarter. Tyson Foods, reporting Nov. 14, has a buy rating from just 33% of analysts, according to FactSet. According to Goldman, the stock has averaged 5.6% post-earnings movement over the past two years. – CNBC’s Michael Bloom contributed to this report.