Take your inline weights off, clip your coast locks together and hook you parachute on the short leader thru the base of one of the guides (not thru the guide) about mid length of the rod and reel the line tight. Then take your long leader and wrap it around the reel opposite the handle until snug and hook the parachute on the reel.
I wrap mine up just like jwinds except once I wrap the long leader I use a small bungee chord from the hook on the lure to the base of a guide. I get the Small bungee cords from Harbor Freight for a couple of bucks. This does not put stain on the line, lure or guides.