Playing the Earnings Onslaught

It's an earnings blitz this week. I don't think it will guide the way for the market as a whole, but it will guide the way for the stocks announcing.

The biggest wild card today is probably Netflix (NFLX). The price action and options action is a bit muddled, although premiums seem to favor the long side. I feel this one should be played on the side of volatility, but if I had to focus on one side, I would be leaning bullish. The $120 level is presenting a challenge, but beyond that the mid-$130s looks very possible. On the downside, I see support at $108 and then at $100 -- the latter just because it is a round number....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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