Remote Funded Iron Condor Specialist

What You'll Trade

Iron condors on SPX, NDX, RUT, and a watchlist of high-liquidity ETFs and large-cap names. Cycle selection is typically 30–60 days to expiration; some traders also run a weekly book on indices. Strike selection is delta-based, not arbitrary, and follows a documented framework.

Day-to-Day

• Morning check: review tested strikes, time decay status, and any positions approaching adjustment thresholds
• If a new cycle is open, scan for entries that meet IV rank and probability-of-profit thresholds
• Execute adjustments on rule-based triggers: roll the tested side, close at defined loss multiples, never average in
• Track expectancy across hundreds of cycles — the strategy lives and dies by sample size, not single trades

Risk Profile

Iron condors lose worst in fast, one-directional moves and in vol spikes. Maverick caps max loss per cycle, total open-cycle risk, and concentration in any single underlying. We don't size for a normal market; we size for the bad months, knowing they show up roughly once a year.

Who Succeeds in This Role

• Traders who already have a rule-based iron condor framework and can articulate every decision in it
• People who can sit through tested strikes without flinching out of position
• Candidates comfortable with a strategy that wins often but takes occasional larger losses
• Traders who track win rate, average win, and average loss separately — not just net P&L

Why This Role Exists at Maverick

Iron condors are one of the most popular retail options strategies — and one of the most consistently mismanaged. Maverick funds traders who do this strategy professionally: with proper sizing, disciplined adjustments, and the math worked out across the full distribution of outcomes, not just the best case.

Common Mistakes We See

The two career-killers we see most often: (1) widening the strikes after losses to 'make it back' — this concentrates risk exactly when it should be reduced — and (2) holding losing condors past the planned adjustment point because expiration is 'close.' Both are explicitly prohibited under our framework.

Open Locations

This role is open to US-based applicants. Browse iron condor specialist positions by metro: