Awesome spot... much much better than if you switch out the bu and sb. But that's neither here nor there. My ranges are:

1- Open anything suited, and pair, any Ace, any king, and two cards 10 or over. Actually its probably profitable to open any two here a lot. Depends on their FTS.. but with limited information the above works. Easy to steal the button here. A lot of good 4-bet and 3 barrel opportunities. Looking to exploit the buttons passiveness and the sb's looseness on two fronts.
2- C-bet any two. All of the buttons broadways missed. Planning to barrel the turn/river no matter what comes to get him off most of his pairs.
3- No draws got there, my cards don't matter. I am barreling here 100% on that turn jack. It misses his entire range.. JJ would have raised the flop. 1010, 66, 55 are still in his range but they all will raise me here a lot. After firing this turn I am betting the river no matter what comes. Too much money here and nearly his entire range will have to fold.
4- 26 bbs looks good here for my entire range except for 55, 66, TT, JJ, 10x.. I shove all of those hands a lot to get value from his hero calls and his nut type hands that I beat. I am not worried about balancing if this is micros.. if this is mid stakes or above I balance by shoving bluffs here and again. The only hands I am not betting here are my showdown value hands.. I likely check those hands anyways.. so remove those from my above barreling ranges. (6x, 5x, Jx, 77-99 for the purposes of this example)

Alternatively, if the SB had flatted I am raising his flop lead 100% with nearly my entire range or checking behind everything but my value range. If he leads the turn after that I will once again raise/fold and then barrel the river almost always. Fighting aggression with more aggression. This flop hits a lot of his range but he won't be able to stand much pressure on the turn and river cards. These lines also condition him not to mess with me in the future.. meta game BS etc. depending on what shows down.

Edit: Oops didn't notice how old this thread is. Oh well still fun to participate.