“Best” Option Strategy for each Implied Volatility rank

Implied Volatility percentileStrategy
Net Buyer
0 to 50Debit Spread
Calendar Spread
Ratio Spread
Net Seller
50 to 70Credit Spread
Iron Condor
Broken wings butterfly
Net Seller
70 to 100Straddle
Wide iron butterfly
Place trades at ~ 45 days to expiration, sell at ~15 days to expiration
25 – 40 days – sell
< 45 days – buy

Credits: Option Alpha