Options Insight: How to Play Facebook

The video discusses the recent rally in the S&P 500, led by financials and technology sectors. It highlights the current hedging activities in the options market, with a focus on the put-call ratio and volatility trends. The analysis suggests a lack of confidence in the rally's continuation due to ongoing market uncertainties. The video concludes with a trading strategy involving a call spread on Facebook, offering a way to gain upside potential with limited risk.

What is the significance of the volatility of volatility being at its lowest all year?

What strategy is suggested for trading Facebook options?