How to use the Advanced Options Strategies agent skill

What the skill makes the agent do

The skill focuses on trading along the volatility dimension. It explains that an option price is intrinsic value plus time value, and that advanced strategies trade the volatility expectations built into that time value.

It covers four areas: the volatility surface (how implied volatility varies by strike and expiry, including skew and term structure), dynamic Greeks management, structured strategies such as calendar spreads and volatility arbitrage, and basic option market-making. The examples are written around China A-share and 50ETF / 300ETF options, with a sample volatility report format.

• Volatility surface concepts, including SABR and Local Vol models
• Calendar spread, risk reversal, straddle and butterfly skew structures
• Delta, Gamma, Vega, Theta, Vanna and Volga management approaches
• A sample volatility analysis and Greeks monitoring report layout

Install the skill from the ZIP download

Download the ZIP file for the skill from our page. The skill's only listed file is SKILL.md, so the ZIP will contain that file inside a folder named for the skill.

You can install it in one of two ways. For a personal setup, unzip it into ~/.claude/skills/. For a single project, unzip it into the project's .claude/skills/ folder. Alternatively, upload the ZIP in the Claude apps under Settings → Capabilities → Skills.

• Personal install: unzip into ~/.claude/skills/
• Project install: unzip into .claude/skills/ inside your project
• App install: Settings → Capabilities → Skills, then upload the ZIP

Check what the skill needs before you start

The listing states that the skill requires nothing and does not run scripts or use the network. The only file is SKILL.md, which is plain instructions.

The SKILL.md file does include a Dependencies section with a pip install line for pandas, numpy and scipy. That line is in the text of the file as a suggestion for your own quantitative work. Installing those packages is not needed for the agent to read the explanations and produce a report in the sample format.

How to trigger the skill with natural requests

You do not need special syntax. Ask the agent a question about the topics the skill covers, and mention the underlying where it matters, such as 50ETF or 300ETF. Name the concept you care about (skew, term structure, calendar spread, Gamma exposure) so the agent's answer follows the skill's framework.

Ask for a structure as well as an explanation. The skill is strongest when you ask for a comparison, a worked example with illustrative numbers, or a report in the sample format.

• Explain the volatility skew on 50ETF options and what a steep put skew implies
• Walk me through a calendar spread on 300ETF options, including its entry conditions and risk controls
• Compare a short straddle and a long straddle in terms of Gamma and Theta
• Draft a volatility surface and Greeks report using the sample format

Read the examples and sample report correctly

The worked examples in the file (such as a 50ETF calendar spread at a 2.80 underlying price, or a risk reversal at 2700 and 2900 strikes) are illustrative. The percentiles, IV levels and risk limits in the sample report are also illustrative. They are not live market data, and the skill does not fetch current prices.

Use the examples to learn the structure of a trade and the logic of its risk. Do not copy the numbers into a live order.

• Check every price, IV and limit against your own market data source
• Treat the stated risk limits as examples of a framework, not rules for your account

Safety notes before you trade

Options strategies with short Gamma or short volatility can lose more than the premium collected. The skill itself does not verify live data, so its output can be out of date or simply wrong for the current market.

The file notes that real market making needs high-frequency infrastructure, low latency and professional risk controls, and that retail traders should not attempt pure market making. It also notes that deep out-of-the-money and far-month options are illiquid and can carry large slippage, and that short-option margin changes with the underlying.

• Confirm margin requirements with your broker before opening short-option positions
• Expect large slippage in deep out-of-the-money and far-month options
• Expiry-week Gamma and pin risk rise sharply, so the file suggests reducing short-option size early

Tips for getting useful output

Give the agent your own numbers, such as the underlying price, the IV levels you see and your position size, and ask it to reason through them using the skill's framework. Say clearly which parts you want explained and which parts you want calculated.

Ask the agent to state its assumptions and to flag where the answer depends on data it does not have.

• Supply current data yourself, because the skill cannot fetch it
• Ask for the risk and what could go wrong alongside each strategy
• Use the sample report format when you need a consistent layout across analyses