As we all know, volatility is extremely low right now. I am curious if anyone is consdiering putting on a trade to take advantage of the volatility increase that would come with a sell-off OR a directional trade. I am thinking of putting on a back ratio where I sell the just out of the money put on SPY and purchase two puts further out of the money. The set-up I am thinking of is selling the OCT 217 put and buying the OCT 208 put in a 1:2 ratio. The reason I picked OCT is to minimize theta decay while I wait. I would like to get anyone's thoughts on this as well as any other ideas.