options-strategy-advisor
This skill models options strategies through theoretical pricing and Greeks analysis, helping traders evaluate covered calls, spreads, iron condors, and other positions without real-time market subscriptions. It calculates strategy profit/loss, position sizing, and risk exposure using Black-Scholes formulas and historical volatility data from FMP API. Built for learning and simulation, not live trading.
Options Strategy Advisor analyzes options strategies using Black-Scholes pricing and Greeks calculation for P/L simulation.
AI-generated summary based on this skill's SKILL.md
Install
tradermonty/claude-trading-skills/options-strategy-advisor · repository language: Python
git clone https://github.com/tradermonty/claude-trading-skills
cp -r claude-trading-skills/skills/options-strategy-advisor ~/.claude/skills/options-strategy-advisornpx skillfed install tradermonty/claude-trading-skills/options-strategy-advisorFrequently asked questions
AI-generated answers based on this skill's SKILL.md and metadata
How to analyze options strategies using this tool?
options-strategy-advisor analyzes strategies by applying Black-Scholes pricing and Greeks calculations to your position parameters. Input the underlying stock, strike prices, expiration dates, and volatility assumptions. The skill computes delta, gamma, theta, and vega for each leg, then aggregates them to show your total position Greeks, profit/loss at different price levels, and breakeven points. This lets you evaluate covered calls, spreads, iron condors, and other multi-leg strategies before execution.
What is a black scholes option pricing calculator and how does it work here?
options-strategy-advisor uses Black-Scholes formulas to estimate fair option values and Greeks based on spot price, strike, time to expiration, volatility, and interest rates. The calculator doesn't require real-time market data subscriptions—it pulls historical volatility from FMP API and lets you input implied volatility assumptions. You can then compare theoretical prices to market quotes and analyze how Greeks change as the underlying moves or time decays.
Can options-strategy-advisor simulate P/L and risk metrics for multi-leg positions?
Yes. options-strategy-advisor simulates profit/loss and risk across a range of underlying prices at different points in time. For multi-leg positions like spreads, iron condors, or straddles, it calculates combined Greeks, max profit, max loss, and breakeven levels. You can adjust volatility, time decay, and underlying price to stress-test your position and understand how delta, gamma, theta, and vega exposure affects your P/L.
What options trading concepts and strategies does this skill teach?
options-strategy-advisor covers directional strategies (bull/bear calls and puts, spreads), income strategies (covered calls, cash-secured puts, iron condors), volatility plays (long/short straddles, strangles, calendar spreads), and hedging tactics (protective puts, collars). Each strategy explanation includes mechanics, Greeks behavior, profit/loss diagrams, and typical use cases. The skill is designed for learning and simulation, not live trading.
How does options-strategy-advisor help with position sizing and portfolio Greeks?
options-strategy-advisor provides position sizing guidance based on your account risk tolerance and portfolio Greeks exposure. Input your total portfolio delta, gamma, theta, and vega targets, then the skill recommends contract quantities and strike selections to stay within those bounds. It helps you avoid over-concentration in any single Greek and balance income, directional, and volatility strategies across your portfolio.
Can I use this for earnings strategies and volatility analysis?
Yes. options-strategy-advisor evaluates earnings strategies like long straddles, strangles, and iron condors by analyzing implied volatility percentile, historical volatility, and expected move. It simulates P/L outcomes if the stock gaps up or down on earnings, and shows how IV crush affects your position after the announcement. This helps you decide whether to hold through earnings, close early, or adjust your hedge.
SKILL.md
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Options Strategy Advisor
Overview
This skill provides comprehensive options strategy analysis and education using theoretical pricing models. It helps traders understand, analyze, and simulate options strategies without requiring real-time market data subscriptions.
Core Capabilities: - Black-Scholes Pricing: Theoretical option prices and Greeks calculation - Strategy Simulation: P/L analysis for major options strategies - Earnings Strategies: Pre-earnings volatility plays integrated with Earnings Calendar - Risk Management: Position sizing, Greeks exposure, max loss/profit analysis - Educational Focus: Detailed explanations of
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File tree — 7 files
skills/options-strategy-advisor/README.md
skills/options-strategy-advisor/SKILL.md
skills/options-strategy-advisor/references/black_scholes_methodology.md
skills/options-strategy-advisor/scripts/black_scholes.py
skills/options-strategy-advisor/scripts/tests/conftest.py
skills/options-strategy-advisor/scripts/tests/test_black_scholes.py
skills/options-strategy-advisor/scripts/tests/test_fmp_endpoints.py