Options Insight: How to Play Netflix

The video discusses the current tight trading range in the market, influenced by factors like the Brexit rally and upcoming jobs report. It explores strategies for positioning in anticipation of a market breakout, highlighting the low VIX and cheap option prices. The potential market reactions to the jobs report are considered, with emphasis on significant deviations. Additionally, the video analyzes Netflix's low volatility and outlines a strategy involving a September straddle to capitalize on potential price movements.

What does the speaker mean by 'a red hot number' in the context of the job report?

What are the implications of Netflix's low volatility as discussed in the text?