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Are you a daredevil? Buy Netflix before earnings

A scene from "Daredevil" on Netflix.
Source: Marvel
A scene from "Daredevil" on Netflix.

Want to catch a great thriller on Netflix? You don't even need to subscribe because this week's biggest action release for the company will be its first-quarter earnings report after the close Wednesday.

Historically, Netflix results have been quite a thrill ride for shareholders because over the past 10 years the stock averaged a nearly 14 percent move the day after earnings. With a current market value of $27 billion that would translate into a change in value of $4 billion, which is larger than the entire market capitalization of companies such as apparel and accessory company Fossil Group, fast food chains Wendy's and Jack in the Box, or department store J.C. Penney.

So let's take a look at the options market for a sneak preview and see if traders believe the Internet streaming service provider will have a blockbuster report.