Trading_system on FinFr.ee: Financial Freedom for Globally Mobile Investors

1-Page Iron Condor SOP: Your Entire System on One Page

Mon, 19 Jan 2026 00:00:00 +0000

Your entire Iron Condor trading system on one printable page. No explanations. Just the rules. Print this. Tape it to your monitor. Follow it.

Print This Page - Use your browser's print function (Ctrl+P / Cmd+P). This is designed to fit on a single page when printed.

IRON CONDOR STANDARD OPERATING PROCEDURE
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CAPITAL & POSITION RULES
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Rule	Value
Recommended Capital	$25,000+ for SPY
Max Deployed	50% of portfolio
Cash Buffer	20%+ always
Max Per Position	2% of portfolio risk
Max Open Condors	6 positions
Wing Width	$5 standard on SPY

ENTRY RULES (ALL MUST BE TRUE)
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Market Context

VIX: 14-25 (not below, not above)
SPY above 50-day MA
SPY above 200-day MA
No FOMC/CPI/Jobs in 48 hours
VIX term structure in contango

Position Setup

DTE: 30-45 days
Short strike delta: 0.14-0.18 per side
Wing width: $5
Total credit ≥ 12% of width ($0.60+ on $5)
Open interest ≥ 1,000 per leg
Bid-ask spread ≤ $0.05 per leg

Risk Check

Max loss ≤ 2% of portfolio
≤ 6 open positions
Not revenge trading

STRUCTURE TEMPLATE
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SPY @ $594 Example:

Long Put:   $565  ─┐
Short Put:  $570  ─┘ Bull Put Spread (below market)

Short Call: $615  ─┐
Long Call:  $620  ─┘ Bear Call Spread (above market)

Credit: ~$0.70 ($70/contract)
Max Loss: $5.00 - $0.70 = $4.30 ($430/contract)

EXECUTION RULES
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Step	Action
Order Type	LIMIT only (4-leg spread)
Start Price	Mid-point of spread
Adjustment	-$0.01 every 60 seconds
Max Concession	$0.05 from mid
Avoid	First/last 30 min of day

MANAGEMENT RULES
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Take Profit

Close at 50% of max profit
OR close at 21 DTE if profitable
Whichever comes FIRST

Stop Loss

Close at 2× credit received
Example: $0.70 credit → stop at $2.10

Rolling (If Needed)

Only roll untested side
Only roll for NET CREDIT
Max 2 adjustments per trade
Max 60 DTE total duration

DAILY CHECK (3 MINUTES)
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Check	Action
P/L ≥ 50% profit	CLOSE
Loss ≥ 2× credit	CLOSE
DTE ≤ 21 + profit	CLOSE
Strike within 1%	Prepare adjustment
VIX > 25	Consider closing all

HARD NO RULES
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Never Do This
❌ Trade when VIX > 25 or < 14
❌ Enter 48h before FOMC/CPI/Jobs
❌ Use market orders
❌ Leg into trades (all 4 legs together)
❌ Have > 6 open condors
❌ Risk > 2% per trade
❌ Add to losing positions
❌ Hold through expiration if tested
❌ Trade to "make back" a loss

EXPECTED RESULTS
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Metric	Target
Win Rate	75-85% (with 50% profit exit)
Average Winner	~$35/contract
Average Loser	~$140/contract (with stop)
Monthly Return	0.5-1.5% of portfolio
Annual Return	5-15%

ADJUSTMENT QUICK REFERENCE
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SPY drops toward put strike: → Roll call spread DOWN for credit

SPY rallies toward call strike: → Roll put spread UP for credit

Can't roll for credit? → Close entire position at defined loss

THE GOLDEN RULE
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I'm not predicting where SPY will go.

I'm betting it won't go as far as options prices suggest.

Collect premium. Manage risk. Stay in the game.

QUICK REFERENCE LINKS
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📖 Full Strategy Guide - Complete research and examples
📋 Entry Checklist - Detailed criteria
📊 Workflow Guide - Daily/weekly routines

Print this. Follow it. Every. Single. Trade.

Last Updated: 2026-01-19

1-Page CSP SOP: Your Entire Trading System on One Page

Thu, 15 Jan 2026 00:00:00 +0000

Your entire Cash Secured Put trading system on one printable page. No fluff. No explanations. Just the rules. Print this. Tape it to your monitor. Follow it.

Print This Page - Use your browser's print function (Ctrl+P / Cmd+P) and select "Print to PDF" or print directly. This is designed to fit on a single page when printed.

CASH SECURED PUT STANDARD OPERATING PROCEDURE
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Caution

This is the ONE page you need. Print it, tape it to your monitor, and follow it for every single trade. No exceptions.

CAPITAL RULES
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Rule	Value
Total Capital	$100,000 (recommended minimum)
Max Deployed	75% ($75,000)
Cash Buffer	25% ($25,000) - ALWAYS
Max Per Position	5-7% ($5,000-$7,000)
Max Open Positions	6-10
Max Same Sector	2 positions

ENTRY RULES (ALL MUST BE TRUE)
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Market Context

SPY above 50 & 200 MA
VIX < 25
No major event in 48h (Fed, CPI, Jobs)

Stock Quality

Profitable company or broad ETF
No earnings before expiration
Would gladly own at strike price

Option Metrics

DTE: 30-45 days
Delta: 0.20-0.30
IV Rank ≥ 30
Premium ≥ 1% of strike
Strike below support level
Open Interest ≥ 500
Bid-Ask spread ≤ 10%

EXECUTION RULES
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Action	Rule
Order Type	SELL TO OPEN (Put)
Limit Price	Mid-price (never chase)
Weeklies	NEVER
Leverage/Margin	NEVER

MANAGEMENT RULES
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Take Profit

Close at 50-70% of max profit
OR close at ≤21 DTE remaining
Whichever comes FIRST

Roll Rules (ONLY IF ALL TRUE)

Underlying still high quality
Roll for NET CREDIT only
New DTE ≤ 45 days
New strike still acceptable for ownership
NOT rolling just to avoid assignment

Assignment Rules

Accept shares calmly
Sell covered call ABOVE cost basis only
Same parameters: 30-45 DTE, Delta 0.20-0.30

HARD NO RULES
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Warning

These rules exist because I learned them the hard way. Every rule here cost someone real money to discover.

Never Do This	Why
Weekly options	Too much gamma, overtrading
Earnings plays	Binary events destroy you
Meme stocks	Assigned at worst time
Biotech/SPACs	No fundamentals
Margin/Leverage	Amplifies losses
Revenge trades	Emotional = poor decisions
Chase fills	Bad entry = bad trade

STOCK UNIVERSE
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Tier 1 - ETFs (Safest) SPY, QQQ, IWM

Tier 2 - Mega Caps AAPL, MSFT, GOOGL, AMZN, NVDA* *smaller size due to volatility

Tier 3 - Defensive KO, PEP, PG, JNJ, XOM

DAILY CHECKLIST (< 5 Minutes)
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Morning (Before Open)

Check market trend (SPY 50/200 MA)
Check VIX level
Check economic calendar

During Day (If Trading) 4. [ ] Review watchlist candidates 5. [ ] Verify all entry criteria 6. [ ] Place limit order at mid

End of Day 7. [ ] Review open positions 8. [ ] Check for profit targets hit 9. [ ] Note any approaching 21 DTE

EXPECTED RESULTS
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Metric	Target
Monthly Return	0.8-1.5%
Annualized Return	10-18%
Win Rate	70-85%
Drawdown	Market-dependent

On $100k at 1%/month = $12,000/year passive income

THE GOLDEN RULE
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This is an income system, not a prediction game.

You are running a private insurance business on assets you already want to own.

Stay in the game forever.

QUICK REFERENCE LINKS
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📋 Full Entry Checklist - Complete criteria with explanations
📊 Watchlist & Workflow Guide - Detailed daily workflow
📚 Main CSP Guide - Complete educational guide

Print this. Follow it. Every. Single. Trade.

Last Updated: 2026-01-15

Trading_system on FinFr.ee: Financial Freedom for Globally Mobile Investors

1-Page Iron Condor SOP: Your Entire System on One Page

IRON CONDOR STANDARD OPERATING PROCEDURE #

CAPITAL & POSITION RULES #

ENTRY RULES (ALL MUST BE TRUE) #

STRUCTURE TEMPLATE #

EXECUTION RULES #

MANAGEMENT RULES #

DAILY CHECK (3 MINUTES) #

HARD NO RULES #

EXPECTED RESULTS #

ADJUSTMENT QUICK REFERENCE #

THE GOLDEN RULE #

QUICK REFERENCE LINKS #

1-Page CSP SOP: Your Entire Trading System on One Page

CASH SECURED PUT STANDARD OPERATING PROCEDURE #

CAPITAL RULES #

ENTRY RULES (ALL MUST BE TRUE) #

EXECUTION RULES #

MANAGEMENT RULES #

HARD NO RULES #

STOCK UNIVERSE #

DAILY CHECKLIST (< 5 Minutes) #

EXPECTED RESULTS #

THE GOLDEN RULE #

QUICK REFERENCE LINKS #

IRON CONDOR STANDARD OPERATING PROCEDURE
#

CAPITAL & POSITION RULES
#

ENTRY RULES (ALL MUST BE TRUE)
#

STRUCTURE TEMPLATE
#

EXECUTION RULES
#

MANAGEMENT RULES
#

DAILY CHECK (3 MINUTES)
#

HARD NO RULES
#

EXPECTED RESULTS
#

ADJUSTMENT QUICK REFERENCE
#

THE GOLDEN RULE
#

QUICK REFERENCE LINKS
#

CASH SECURED PUT STANDARD OPERATING PROCEDURE
#

CAPITAL RULES
#

ENTRY RULES (ALL MUST BE TRUE)
#

EXECUTION RULES
#

MANAGEMENT RULES
#

HARD NO RULES
#

STOCK UNIVERSE
#

DAILY CHECKLIST (< 5 Minutes)
#

EXPECTED RESULTS
#

THE GOLDEN RULE
#

QUICK REFERENCE LINKS
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