Netflix (NFLX) January put option implied volatility is low at 42, February is at 57; compared to its 26-week average of 52, according to Track Data, suggesting decreasing near-term price movement.

China Valves Technology (CVVT) overall option implied volatility of 61 is near its 26-week average, according to Track Data, suggesting nondirectional price movement.

Wonder Auto (WATG) overall option implied volatility of 68 is near its 26-week, average according to Track Data, suggesting nondirectional price movement.

Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Adobe Systems Inc. (ADBE) reported that Q1 revenue was up but earnings declined sharply, and it offered guidance.
• Best Buy Inc. (BBY) shares rallied after it topped Q4 earnings expectations and offered encouraging guidance.
• Brinker International Inc. (EAT) raised its outlook for fiscal 2010 and also increased its quarterly dividend.
• China Automotive Systems Inc. (CAAS) reported that its revenue had doubled and it beat earnings expectations.
• ConAgra Foods Inc. (CAG) Q3 earnings matched estimates and revenue was flat, and it reaffirmed its outlook.
• Finish Line Inc. (FINL) shares rallied after it reported that Q4 earnings came in better than analysts' expected.

Today's strength was there all day, although a late day drop on comments regarding Greece bailouts and profit taking may have created adding selling. The weekly jobless claims data is still showing many pink slips for workers, but the data continues to improve and the continuing jobless claims was the smallest reading since the end of 2008. This was a bull market trading day, but the bears coming alive at the end of the day made the markets an uncertain win or lose until the last minute of trading today.

Here were today's unofficial closing bell levels:

Dow 10,841.52 +5.37 (0.05%)
S&P 500 1,165.77 -1.95 (-0.17%)
Nasdaq 2,397.41 -1.35 (-0.06%)

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