On Monday, July 17th, Netflix (NFLX) will release its second quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of F .Dave will look at Netflix past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Delta ahead of earnings.Netflix in FocusNetflix is the world's leading Internet television network with millions of subscribers in nearly 50 countries who have access to an ever-expanding library of TV shows and movies, including original programming, documentaries and feature films. The company offers the ability to watch as subscribers want, anytime, anywhere, on nearly any Internet-connected screen.Netflix is expected to report earnings at $0.16 per share. Netflix reported earnings last quarter at $0.40 per share, beating the Zacks Consensus Estimate by $0.02 last quarter. Netflix has an average surprise of 117.66% over the last 4 quarters.Netflix, Inc. Price, Consensus and EPS Surprise Netflix, Inc. Price, Consensus and EPS Surprise | Netflix, Inc. QuoteBottom LineHow should investors play Netflix ahead of their earnings report? For insights on the best options trades, then tune in at 10:00am CST today to see David’s thoughts.Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report To read this article on Zacks.com click here.