The historic lows in realized volatility are surprising this year given the crazy volatility we say in the first 6 months of 2016. If I told you in February that 10 Day Realized Volatility would be down in the single digits for 30+ days this, you would have thought my crazy. Yet here we sit. Even with the NFP number VIX can barely get above 13.5%. Not all products are talking a rest right now.
Looking at IV's in the FANG stocks there is one major theme....they are STUPID CHEAP. If you can't find an option to buy, you are probably a jerk.
The only one I remotely don't want to own is NFLX. The rest look like steals.