Tom Sosnoff is traveling this week, so Adam Mesh is joined by Tony Battista — "The Bat" — for a full hour on how to trade a market sitting at all-time highs with volatility near recent lows. Tony makes the case that this is the wrong tape for selling premium and walks through what he's doing instead: financing short-dated puts out of the theta he's already collecting, hedging with VIX futures against short VIX calls, and waiting on his go-to broken wing butterfly in SPX until the market gives him a two-or-three-day down move. He and Adam also build the trade live on screen, strike by strike. ━━━━━━━━━━━━━━━━━ The Drift with Adam Mesh & Tom Sosnoff — a weekly market conversation built for active investors and traders who want more than headlines. Each episode breaks down the biggest forces moving the markets — stocks, options, interest rates, politics, earnings, and global events — to help you make sense of what's happening right now. Tom and Adam combine decades of market experienc...