While pockets of high IVR exist, we're seeing volatility drop in a number of places. When that happens, trades start becoming more directional. This week, Tom is looking at low IVR strategies with a calendar in IBM and a diagonal in IWM. Bat is getting short AAPL and long MO. Liz and Jenny are putting on a big lizard in T while the research guys are looking to GLD and SMH, where premium remains rich.
Check out this week's episode for some ideas on products with varying levels of IVR!