Position sizing cash-secured puts: survive the red weeks first

Selling cash-secured puts is a game you win by staying solvent through the red weeks. This premium tip lays out the sizing rules that matter most: capping collateral at ••• per underlying, limiting sector concentration to •••, holding a ••• cash buffer for assignments, and measuring risk in delta-adjusted dollars instead of contract count — all applied to a fully worked ••• portfolio example.