Trade Entry

• Sell 7 Delta Puts
• Buy Long Puts around 1% higher (50-100 points on /ES)
• Aim for a 10-15% return on BP margin
• Enter at 60 DTE
• Size according to MAL less than or equal to 1% of Net Liq (0.5% is target)

Trade Management

• 50% profit target
• 2X Max Loss (set Stop Loss at 3X initial credit received)