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.
Stocks are staring at the 2200 SPX level and blinking. Since there is no real impetus to drive things higher buyers are content to sit where they are and wait. For some reason the Yellen at Jackson Hole speech is starting to take on meaning. With a market lacking meaning anything is a reason to move us. Gold and gold related names like the miners are getting hit hardest.