After starting the session strong, stocks pulled back into the close. Some of the best performing stocks from last week were the worst performing stocks today. All was not lost though, as small caps were able to muster a positive close. When the overall market isn't heading higher its busy consolidating and that is what we saw last week until the break higher on Thursday and Friday. Today we closed at trendline support.
How about $NFLX? Positive analyst action helped the stock soar higher. It's been quite a run. The $500 calls are a microcosm of the $NFLX option chain with enormous gains across all strikes. This is on top of last weeks rally.