{"enrichment":{"faq":[{"a":"options-advanced moves beyond basic covered calls and protective puts into volatility-driven trading. The skill covers calendar spreads, straddles, strangles, risk reversals, and butterfly trades. It emphasizes how to construct multi-leg strategies that exploit volatility surface mispricings across strikes and maturities, rather than simple directional bets.","q":"What advanced options trading strategies does options-advanced cover?"},{"a":"options-advanced teaches volatility surface structure and SABR model calibration for pricing and hedging. It contrasts local volatility versus SABR approaches, showing how to model the volatility smile and skew. The skill prepares you to understand term structure dynamics and calibrate models to market data for more accurate Greeks and arbitrage identification.","q":"How does options-advanced approach volatility surface modeling and SABR?"},{"a":"options-advanced covers dynamic Greeks rebalancing and delta hedging frequency optimization\u2014deciding how often to rebalance your hedge to balance transaction costs against gamma exposure. The skill teaches portfolio-level Greeks management across multiple dimensions (delta, gamma, vega, vanna, volga) and how optimization depends on realized volatility and market microstructure.","q":"What is delta hedge frequency optimization in options-advanced?"},{"a":"options-advanced teaches volatility arbitrage frameworks including long gamma strategies, implied versus realized volatility trading, and skew trades like risk reversals. It covers how to identify mispricings in the volatility smile, construct trades that profit from term structure abnormalities, and manage the Greeks exposures these trades create.","q":"How can I execute volatility arbitrage and skew trading for profit?"},{"a":"options-advanced introduces option market-making basics including quoting systems and inventory management. While market-making receives lighter coverage (8% weight), the skill provides foundational concepts for building systems that manage bid-ask spreads, inventory risk, and Greeks across a book of positions.","q":"Does options-advanced include option market-making systems?"},{"a":"options-advanced applies its volatility-surface and Greeks frameworks to equity index options including 50ETF and 300ETF. The skill's calendar spreads, volatility arbitrage, and skew-trading methods transfer directly to index option markets, where volatility surface dynamics and term structure trades are actively traded.","q":"Can options-advanced help with 50ETF and 300ETF options strategies?"}],"shadow_tags":["volatility-trading","greeks-hedging","surface-modeling","derivatives-pricing","risk-management","quantitative-finance","market-microstructure","portfolio-optimization","exotic-strategies","institutional-trading"],"summary_rewrite":"Move past basic option plays into volatility-driven trading. This skill covers volatility-surface structure, dynamic Greeks rebalancing across multiple dimensions, and practical arbitrage frameworks including calendar spreads, volatility arbitrage, and skew trades. Designed for traders working with equity options who need to manage portfolio Greeks exposures and identify mispricings across strikes and maturities."},"files":[{"bytes":8020,"path":"agent/src/skills/options-advanced/SKILL.md","sha256":"2ced44172265c5bffd6954b6e6d77adfd8962ee19c42264fb6bf20383fe0bf0f","url":"https://skillfed.io/files/HKUDS/Vibe-Trading/options-advanced/5840809d/SKILL.md"}],"id":"HKUDS/Vibe-Trading/options-advanced","links":{"html":"https://skillfed.io/HKUDS/Vibe-Trading/options-advanced","md":"https://skillfed.io/HKUDS/Vibe-Trading/options-advanced.md","repo":"https://github.com/HKUDS/Vibe-Trading"},"meta":{"agents_supported":[],"first_seen":"2026-07-28","forks":4557,"language":"Python","last_updated":"2026-07-27","license":"MIT","name":"options-advanced","publisher":"HKUDS","stars":28096},"relations":{"similar":[{"id":"HKUDS/Vibe-Trading/options-payoff"},{"id":"HKUDS/Vibe-Trading/crypto-derivatives"},{"id":"HKUDS/Vibe-Trading/options-strategy"},{"id":"nicepkg/ai-workflow/options-strategy-advisor"},{"id":"BaggaT236/AI-Trading-Skills/options-strategy-advisor"},{"id":"tradermonty/claude-trading-skills/options-strategy-advisor"},{"id":"HKUDS/Vibe-Trading/hedging-strategy"},{"id":"longbridge/skills/longbridge-derivatives"},{"id":"anthropics/financial-services/option-vol-analysis"},{"id":"agiprolabs/claude-trading-skills/options-pricing"}]},"slug":{"owner":"HKUDS","repo":"Vibe-Trading","skill":"options-advanced"},"version":"5840809d"}