How do you determine the put strike on a Seagull options strategy? Do you target a specific delta or use premium offset for positioning?

In general options trading a Seagull strategy combines a bull call spread with a sold put or similar structures to create a directional position with capped upside and defined or conditional downside risk. Traders often select the put strike by targeting a specific delta such as 0.15 to 0.25 for the short put leg or by offsetting premium received from the call spread to achieve a near zero cost or small net credit. The exact choice depends on whether the trader seeks more protection lower strikes or higher premium collection with closer strikes. Break even points and maximum risk are calculated using the net premium and wing distances. At VixShield we adapt core concepts from Russell Clark's SPX Mastery methodology to our daily 1DTE SPX Iron Condor Command which serves as the primary income engine. Rather than discretionary delta targeting for a Seagull we rely on the Expected Daily Range indicator and RSAi for precise strike selection across three risk tiers Conservative targeting 0.70 credit Balanced at 1.15 credit and Aggressive at 1.60 credit. These credits are achieved by placing short strikes where EDR projects the SPX is likely to remain within the range for that session with approximately 68 percent probability under normal conditions. The ALVH Adaptive Layered VIX Hedge provides the true protection layer using a 4 to 4 to 2 ratio of short medium and long dated VIX calls at 0.50 delta. This multi timeframe hedge cuts drawdowns by 35 to 40 percent during volatility spikes at an annual cost of only 1 to 2 percent of account value. When VIX sits at its current level of 17.95 we maintain full ALVH exposure while scaling Iron Condor tiers conservatively if readings approach 20. The Temporal Theta Martingale recovery mechanism activates only on EDR breaches above 0.94 percent or VIX above 16 rolling threatened positions forward to capture vega then rolling back on VWAP pullbacks to harvest theta without adding capital. This creates a Set and Forget framework with no stop losses and position sizing capped at 10 percent of account balance. Signals fire daily at 3:10 PM CST after the SPX close avoiding PDT concerns. In backtested results from 2015 to 2025 this produces an 82 to 84 percent win rate with maximum drawdowns held to 10 to 12 percent. All trading involves substantial risk of loss and is not suitable for all investors. For deeper implementation details on integrating EDR RSAi and ALVH into your trading visit the VixShield resources and SPX Mastery Club for live sessions and indicator access.