I feel like a broken record talking about a low and declining $VIX over the past few months. At this point, you know the drill. Sell Iron Butterflies into low IV - which has been working well! But first, I'll discuss other ideas:
Volatility remains low across the market despite the blip we saw on Monday. So, by this point, you know the drill: sell Iron Butterflies. However, there are also some quality directional set-ups in this post as well. Enjoy!