Vertical spreads, butterflies, back spreads, condors...Not any good option plays
The value of the spread between the strikes is too small. Iit is hard to make money on vertical credits. Back spreads sometimes perform nicely with a credit but not much of a credit to happen with out a very large range which is your risk in back spreads. Condors and butterflies regular and iron are not good long. Condors butterflies don't pay much with a small move and short condors and butterflies could be costly if there is too much of a move. Straight option plays will be really hard.
Time spreads might make money but you don't want the stock to move. You are playing the difference in theta and vega. Other straight option plays will require a lot of movement. There is plenty of time to play when there is no IV after earnings.
The market makers have the option plays pretty well pegged. Some will make money but there is usually not a lot to be made. They have them priced to perfection.
For those who have bought options and are holding, I hope it moves for you because I know how it is.