NFLX reports their quarterly earnings on Monday Oct 16th after the market closes. One interesting speculative play is to add a small out of the money call fly that can work if NFLX has an up move after the earnings release. Currently it looks like the expected move by the market-makers is about $16. With NFLX trading around $196,  I would enter the following trade: OCT 20th Expiration Buy 1 200 call Sell 2 210 calls Buy 1 220 call Enter as a butterfly spread for around $1.50 per spread The trade is profitable on expiration from about $201.50 to $218.50. Close at whatever profit you can get on Tuesday Oct 17th. Mark Fenton mark@sheridanmentoring.com