Stocks rally off the lows, while oil retreats from the highs on unconfirmed reports of progress between the U.S. and Iran. Then Starboard Value’s Jeff Smith reveals the newest name his firm has taken a stake in and the changes they are pushing for. Plus, the options market pricing in a massive move for Netflix’s following those results after the bell. We look at what way traders think that stock is headed.Squawk on the Street Disclaimer