NFLX Earnings Week Outlook (15-Minute Chart)Netflix, Inc.BATS:NFLXheavydiligenceNetflix heads into earnings sitting near the lower half of its recent range after several sessions of selling pressure. Even though I'm not exactly a Netflix fan, I actually find myself leaning bullish heading into earnings week. That doesn't mean I'm looking to blindly buy calls—it simply means I think the odds of an upside surprise are a little better than most traders currently expect. The options market is pricing roughly an ±8.5% implied move following earnings. From current prices around $73.40, that suggests an expected range of approximately $67-$80 after the report. Keep that in mind because a move that looks massive may simply be what the options market already expected. 🟢 Bullish Scenario (My Lean) If buyers reclaim the 74.14-75.47 area ahead of earnings, I could see NFLX grinding higher into the announcement before breaking above 76.33. A strong report could then push price toward 78.45 and even challenge the upper end of the implied move near $80. This is the path I'm leaning toward, despite not being particularly bullish on Netflix as a company. Sometimes the chart and positioning matter more than personal opinions. 🔴 Bearish Scenario If support around 72.60 gives way before earnings, momentum could accelerate lower quickly. A disappointing report could easily send NFLX toward the lower end of the implied move around $67, which lines up with a larger flush before buyers potentially step back in. The downside risk is very real, especially during earnings when reactions tend to be exaggerated. 🟡 Sideways Scenario (The Theta Monster) This is the one I hope we avoid. NFLX could spend the next few sessions chopping between support and resistance without committing to either direction, letting the theta monster munch away all your premiums while both bulls and bears wait for earnings. This is exactly why buying options too early into earnings can be frustrating. Managing Earnings Risk One thing to remember is that implied volatility (IV) is elevated heading into earnings. That means option premiums become expensive, and even if you're right on direction, the post-earnings IV crush can significantly reduce your gains. Because of that, my preferred approach is: Trade the run-up into earnings if momentum develops. Take profits before the report rather than gambling on the announcement. Then look to trade the post-earnings overreaction or continuation once the market shows its hand. In my experience, there's often cleaner money to be made after earnings than trying to predict the report itself. As always, I'll be relying on the Heavy Diligence Options Signals Indicator for entries. The scenarios above simply define where I think price has the highest probability of reacting. Once the indicator confirms the move, execution becomes much simpler. Disclaimer: This is only a trade idea based on my interpretation of the chart and is not financial advice. Always do your own research, wait for confirmation, and manage your risk before entering any trade.