$VOL - Ben suggests that volatility-linked assets are currently cheap and likely to remain elevated, particularly due to the potential return of Trump's presidency and its impact on market volatility.
$VIX - Ben observes that traders are aggressively selling volatility, potentially creating opportunities for those willing to go long on VIX futures, as the market might be overly eager to price in normalization.
Bearish:
$COVEREDCALL - Ben explains that covered call ETFs are performing poorly in the current high volatility environment, especially when there's significant market chop and mean reversion.