| Implied Volatility percentile | Strategy |
|---|---|
| Net Buyer | |
| 0 to 50 | Debit Spread |
| Calendar Spread | |
| Ratio Spread | |
| Diagonals | |
| Net Seller | |
| 50 to 70 | Credit Spread |
| Iron Condor | |
| Broken wings butterfly | |
| Net Seller | |
| 70 to 100 | Straddle |
| Strangle | |
| 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
