options-advanced

options-advanced is a skill for Claude Code, Codex from HKUDS/Vibe-Trading. It costs 42 tokens per session (1,935 once invoked), scanned A, original, MIT.

A method for analysing advanced option strategies through implied volatility, which is the volatility level implied by an option’s market price. It covers how volatility differs across strike prices and expiry dates.

In plain words
What is it for?
Use it to model volatility surfaces with SABR or local-volatility methods, rebalance Greeks, analyse calendar spreads, and research volatility arbitrage or skew trading.
Why use it?
It helps study option risks and opportunities that are not visible from the underlying price alone, including changes in expected volatility and skew.

Skill for Claude CodeCodex

Written for no agent in particular: nothing here depends on one.

Good fit Use it to model volatility surfaces with SABR or local-volatility methods, rebalance Greeks, analyse calendar spreads, and research volatility arbitrage or skew trading.

Compare 6 skills from other repositories ↓
Install with agentmods
npx agentmods add skills/hkuds/vibe-trading/options-advanced
About the project

Vibe-Trading is a personal trading agent that gives an AI system tools for market analysis, algorithmic trading, backtesting, and related workflows. It is for users who want an agent to research and evaluate trading strategies or manage simulated and other trading activities. The catalogue contains skills that expose these trading capabilities to compatible agents.

HKUDS/Vibe-Trading · 33,177 stars · on GitHub · vibetrading.wiki

Install

Getting it into your agent

One page per mod, every tool's command on it. A separate URL per tool would split the same page into five that compete with each other.

Any agent
npx skills add HKUDS/Vibe-Trading --skill options-advanced
Clone the repo
git clone --depth 1 https://github.com/HKUDS/Vibe-Trading

Made for: Claude Code, Codex.

Wrote this? Show the measurements

A badge with what this costs and how it scanned, read live from this page, so it follows the numbers instead of freezing them. Markdown for a README, HTML for a documentation site or a project page.

agentmods badge for options-advanced

README.md
[![agentmods](https://agentmods.dev/badge/skills/hkuds/vibe-trading/options-advanced/github.svg)](https://agentmods.dev/skills/hkuds/vibe-trading/options-advanced)
Your own site
<a href="https://agentmods.dev/skills/hkuds/vibe-trading/options-advanced"><img src="https://agentmods.dev/badge/skills/hkuds/vibe-trading/options-advanced/github.svg" alt="Measured on agentmods" height="20"></a>

Or the 80×15 button, for a site that already has a row of RSS and ATOM ones. Only the verdict fits; the numbers stay here.

agentmods 80×15 button for options-advanced

Your own site · 80×15
<a href="https://agentmods.dev/skills/hkuds/vibe-trading/options-advanced"><img src="https://agentmods.dev/badge/skills/hkuds/vibe-trading/options-advanced.svg" alt="Reviewed on agentmods" width="80" height="20"></a>
Per session 42 Skills are progressive disclosure: only the name and description are preloaded; the body loads when the skill is used.
When invoked 1,935 The whole file, excluding the scripts and references it only reads on demand.
Security scan A 0 findings. A grade says what 26 rules found in the file — not that it is safe. ✓ AI security review Fable 5.1 · 6 Sept 2026 📄 Read the review Third-party audits
  • Snyk pass 7 Sept 2026
  • NVIDIA SkillSpector warn 7 Sept 2026
SkillSpector: 1 finding, up to medium

These are SkillSpector’s own severities. On a checked sample its high-severity flags on skills were ~96% false positives — a documented command, a public API, a “never do X” rule — so we show them as a caution to read, not a verdict. Why →

  • medium analysis-evasion · line 1
    Suspicious Unicode normalization or mixed-script content
    Fix: Review the flagged content for security risks. Ensure no credentials, secrets, or sensitive data are exposed.
How audits are shown
Origin original No closer match found in the catalogue.
Token cost

What it costs to keep this loaded

Counted locally with the o200k_base tokenizer, which is exact for GPT models; Claude uses its own tokenizer and its counts differ. Treat this as one consistent yardstick across the catalogue rather than a bill. Prices are per million input tokens.

ModelPer sessionOnce invoked
Fable 5.1 $0.00042 $0.01935
Opus 5 $0.00021 $0.00967
Sonnet 5 $0.00008 $0.00387
Haiku 4.5 $0.00004 $0.00194

Measured 11d ago against content hash 2ced44172265, method: parsed. Prices are Anthropic first-party input rates as of 2026-09-10, from the pricing page.

Security

Grade A, and why

options-advanced scanned grade A with 0 findings against 26 rules in 11 categories — prompt injection, anti-refusal, data exfiltration, privilege escalation, supply chain, agent snooping, system-prompt leakage, SSRF and excessive agency — measured 11d ago.

A static scan of the body, not an audit. Every finding is printed with the line that produced it so you can judge whether it matters here. A mod is markdown that instructs an agent; that is exactly why what it instructs is worth reading.

Nothing flagged

None of the 26 patterns this scan looks for appear in this file: no shell pipes, no recursive deletes, no credential paths, no hidden text, no instruction-override or anti-refusal phrasing, no agent-config snooping. That is not a guarantee, it is the absence of the things that are checkable.

Origin

Copies of this mod

1 near-identical copy found in the catalogue:

agent/src/skills/options-advanced/SKILL.md · 188 lines

How it starts

The opening of the file, as written. The whole thing — 188 lines — stays where its author put it; the contents beside it link to each section on GitHub.

Advanced Options Strategies

Overview

Go beyond basic option strategies (covered call / protective put) and focus on trading opportunities along the volatility dimension. Core idea: option price = intrinsic value + time value, and advanced trading essentially trades the volatility expectations embedded behind that time value.

Applicable scenarios:

  • Identifying arbitrage opportunities when the volatility surface is abnormal (skew / term structure)
  • Fine-grained management of portfolio Greeks exposures (not just Delta hedging)
  • Building structured strategies across maturities and strikes
  • Practical application in 50ETF / 300ETF / commodity options

Core Concepts

Volatility Surface

Three-dimensional structure: strike × expiry × implied volatility.

Key dimensions:

Dimension Meaning Typical Shape
Smile / Skew IV across strikes for the same expiry China A-shares: left-skewed (put IV > call IV)
Term Structure IV across expiries for the same strike Normal case: near-month IV < far-month IV
Surface dynamics Parallel or nonlinear movement of the entire surface In panic, the whole surface lifts, and near-month IV lifts faster

SABR model parameters:

α (alpha): initial volatility level, around 0.2-0.5
β (beta): CEV exponent, equities usually use 0.5-1.0
ρ (rho): correlation between volatility and the underlying, usually -0.3 to -0.7 in China A-shares (negative = left skew)
ν (nu): volatility of volatility (vol of vol), around 0.3-0.8

Local Vol vs SABR:

  • Local Vol (Dupire): backed out from market prices, exact fit but unstable extrapolation
  • SABR: parameterized model, 4 parameters capture surface dynamics and extrapolate more reasonably

Dynamic Greeks Management

First-order Greeks:

Greek Meaning Management Approach
Delta (Δ) Sensitivity to underlying price Hedge frequency: daily for ATM, every 2-3 days for OTM
Vega (ν) Sensitivity to IV Calendar spreads can isolate Vega exposure
Theta (Θ) Time decay Short-option strategies are naturally positive Theta, but watch Gamma risk
Rho (ρ) Sensitivity to rates Relevant for long-dated options, usually ignorable for short-dated options

Read the full file on GitHub · 188 lines

Changes

What this file has done since we first saw it

Hashed on every crawl. A supply-chain change to an agent config is a question of when, not whether, so the history is kept rather than the latest state alone.

  1. 11d ago First seen · 188 lines · 42 tokens per session scan A 2ced44172265

Subscribe to this mod's changes

options-advanced is a skill published in the GitHub repository HKUDS/Vibe-Trading (33,177 stars, last pushed today), licensed MIT. It adds 42 tokens to every session and 1,935 once invoked, about $0.0002 per session on Opus 5. A static security scan graded it A with 0 findings. No closer match exists in the catalogue, so it is treated as the original; first seen 2026-08-30.

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