The Crazy Calendar strategy is a weekly income strategy on SPY that combines calendar spreads with diagonal credit spreads to create a high-probability, defined-risk trade structure. This document provides everything needed to implement this strategy mechanically, including theory, mechanics, market condition filters, position management, and operational checklists.
Target Performance: $25-75 average weekly profit per unit
Win Rate Target: 80-90% (with conditional filters applied)
Maximum Risk Per Trade: $300-500 per unit
Capital Requirement: Minimum $5,000 recommended per unit traded