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…
