Options Strategy Analyzer

Overview

This skill provides comprehensive analysis, simulation, and risk management for options trading strategies. It combines theoretical pricing with practical P/L simulation to help users understand the risk/reward profile of various options positions.

Core Features:

• Black-Scholes Pricing: Theoretical option value calculation
• Greeks Calculation: Delta, Gamma, Theta, Vega, Rho
• Strategy Simulation: P/L charts for common strategies (covered calls, spreads, etc.)
• Volatility Analysis: Implied vs. historical volatility, IV Rank/Percentile
• Risk Management: Position sizing, max loss calculation, earnings event awareness
• Educational Focus: Provides clear explanations of concepts and trade-offs

When to Use This Skill

Explicit Triggers:

• "Analyze a covered call on AAPL"
• "Show me the P/L for a protective put on TSLA"
• "What's a good options strategy for a high-volatility stock?"
• "Calculate the Greeks for this SPY call option"
• "Simulate an iron condor on QQQ for next month"
• "Help me with an options play for the upcoming earnings report"
• "What are the risks of a cash-secured put?"
• User mentions specific options strategies: covered call, protective put, cash-secured put, credit/debit spread, iron condor, straddle, strangle

Implicit Triggers:

• User wants to hedge a stock position
• User is looking for income-generating strategies
• User is speculating on a large price move (up or down)
• User asks about managing risk for an options trade

When NOT to Use:

• Simple stock analysis (use us-stock-analysis)
• Portfolio-level risk management (use portfolio-risk-analyzer)
• Macroeconomic analysis (use macro-regime-detector)

Workflow

Step 1: Gather Inputs

The user must provide the following parameters for analysis:

options-analyzer analyze \
  --ticker AAPL \
  --strategy covered-call \
  --stock-price 175.00 \
  --strike-price 180.00 \
  --expiry-date 2026-04-17 \
  --option-type call \
  --risk-free-rate 0.05 \
  --dividend-yield 0.005 \
  # Optional:
  --volatility 0.35 # (If not provided, script fetches historical volatility)
  --num-shares 100
  --num-contracts 1

Required Parameters:

• --ticker: Underlying stock symbol
• --strategy: One of covered-call, protective-put, cash-secured-put, credit-spread, debit-spread, iron-condor, straddle, strangle
• --stock-price: Current price of the underlying stock
• --strike-price: Strike price of the option(s)
• --expiry-date: Expiration date of the option(s) (YYYY-MM-DD)
• --option-type: call or put
• --risk-free-rate: Current risk-free rate (e.g., 10-year Treasury yield)