@Nasdaq's Kevin Davitt discusses what he calls a highly unusual drop in the Nasdaq-100 (NDX) last week. During that same time on the options front, traders piled into short-dated calls. What does that mean for the Nasdaq's momentum and investor conviction? Kevin explains how the correlation signals a desire for investors to stay connected in the stock market without having direct tech exposure. He turns to Netflix (NFLX) and its post-earnings selloff, along with the options activity in that stock means for risk appetite in the streaming giant.