Trading Block: July and the VIX weigh heavily on the S&P. U.S. stocks rise after Greece reaches an agreement with creditors. Netflix hits new high price in advance of stock split, earnings. Fitbit shares are in uncharted territory as analysts initiate coverage.

Odd Block: Puts trade in IAMGOLD Corp. (IAG), calls trade in Marathon Petroleum Corp. (MPC), calls trade in Market Vectors Oil Services (OIH).

Strategy Block: Tosaw discusses synthetics and his most recent trading strategies.

Mail Block: Listener questions and comments

• Question from Fred - I heard options traders like to have multiple positions in their trading accounts. How many should I have?

Around the Block: Earnings: Google, Netflix and big banks highlight earnings expectations this week.

• Tuesday - JPMorgan, Wells Fargo, Johnson & Johnson, Yum! Brands.
• Wednesday - Intel, Netflix, Bank of America, Delta Airlines, US BankCorp, BlackRock, Kinder Morgan, PNC Financial Services.
• Thursday - Citigroup, Google, eBay, UnitedHealth Group, America Movil, Blackstone, Goldman Sachs, Philip Morris International, Schlumberger, Advanced Micro Devices, Mattel.
• Friday - General Electric, Honeywell