Goldman Equity Strategists Say Buy Google Calls And CarMax Calls Ahead Of Earnings

Goldman Sachs (NYSE:GS) issued a not to clients advising them to Buy Google (NASDAQ:GOOG) April $635 straddles before earnings estimated to be on April 13th, and CarMax (NYSE:KMX) April $35 calls before its earnings report on April 5th.Goldman equity derivatives Catherine Fogertey and John Marshall said they see unusually high profitability patterns from buying options before earnings for list of names that include Google (NASDAQ:GOOG), Nike (NYSE:NKE) and IBM (NYSE:IBM) according to the note.They said CarMax could report positive comp this quarter after used car sales improved faster than most expected.