Trading Block: NFLX earnings after the bell. Netflix trading around $161.19.

Options Flash Poll: Earnings season is back! $NFLX ($161.19) is currently pricing in a $13 ATM straddle (approx. 8%). What's your take?

• $13 is WAY too Cheap
• $13 is WAY too expensive
• $13 is JUST RIGHT
• I'm sitting this one out

Amazon taking on Blue Apron - filing a trademark for a competing meal-kit service

Odd Block: Puts trade in (CHRW), puts roll in Harley-Davidson (HOG), size call diagonal in STZ.

Mail Block: Listener questions and comments

• Question from FContangotrader: How about collaring a stock and seeing whats shakes out instead?
• Question from Fund Concept: Interesting piece on the 3D printing market. Do you think M&A is expected to rise in this area? 3D Printing Market by Offering, Process, Application, Vertical, and Geography. Global Forecast to 2023.

Around the Block/This Week in the Market:

• July 18: Import and Export Prices, Treasury International Capital
• July 19: Housing Starts
• July 20: Jobless Claims