Earnings season is now under way. Last night $NFLX reported earnings and hit a new record high, but the move was well under the move the market was expecting. This morning the stock is set to open marginally higher, giving the option sellers the win on both sides of the chain. Historically Netflix has offered some tremendous out of the money trades into the report.
S&P500 futures are flat to start today's trading session, digesting the rallies from Monday and Tuesday.
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Market Outlook - Covering $SPY $IWM $QQQ $AAPL $BIDU $CAT $BUD $DPZ $DE $CAT
The market closed at new all time record highs, is the top finally in?