Netflix is set to report earnings after Monday's bell, and the impact on the stock could be huge. Options prices imply that traders expect Netflix to move some 10 percent off of the news.
While that might sound big, the estimate is actually lower than history would imply. Over the past eight quarters, the stock has averaged a 22 percent move off of earnings.
"This stock is off-the-chart volatile," said Mike Khouw of DASH Financial.