options

name	options
description	Options chain analysis with Greeks, IV skew, and strategy suggestions
argument-hint	EXCHANGE:TICKER [expiration]

Analyse the options chain for: $ARGUMENTS

Before starting, read ../mcp-tools.md and ../presentation.md.

1. Parse arguments

• Symbol: resolve bare tickers with mcp__tvremix__search_symbols.
• Optional expiration: if the user gave a date (e.g. 2026-05-16), use it. Otherwise, pick the nearest weekly/monthly expiration that's at least 7 days out.

2. Get expirations and spot

mcp__tvremix__get_option_expirations(symbol=<SYMBOL>)
mcp__tvremix__get_quote(symbol=<SYMBOL>)

get_quote gives you the underlying price you need for ATM / ITM / OTM classification and for min_strike/max_strike framing.

3. Fetch the chain

mcp__tvremix__get_option_chain(symbol=<SYMBOL>, expiration=<PICKED_EXPIRATION>)

Don't pass option_type unless the user explicitly asked for just calls or just puts — the full chain lets you show the calls/puts table side-by-side.

If the returned chain is huge (hundreds of strikes), filter in-code to strikes within ±15% of spot. Keep ≈ 10 calls + 10 puts bracketing ATM.

4. Present the chain

Table format

One table per expiration, strikes in the centre, calls on the left, puts on the right:

Call Vol	Call Δ	Call IV%	Call Ask	Strike	Put Ask	Put IV%	Put Δ	Put Vol
…	…	…	…	(ATM) $185	…	…	…	…

• Bold the ATM row (closest strike to spot).
• Note ITM / OTM above/below ATM.
• If bid/ask are 0 and theoPrice is populated, use theoPrice and add a footnote: "market likely closed — theo prices shown".

IV context

After the table, in 2–3 lines:

• ATM IV and whether it's elevated vs historical norms for the name.
• Skew: are OTM puts materially higher IV than OTM calls (fear premium)? Vice versa?
• Call ATM Δ and Put ATM Δ — should be close to ±0.50; anything skewed tells you where the chain thinks the underlying is heading.

5. Strategy suggestion (when the user asked for one)

Pick one or two strategies from this list that match the stated view. Always quote the real bid/ask from the chain — never estimate:

• Bullish & want leverage → long ATM call or slight OTM call-debit spread.
• Bullish & want income → cash-secured put at a strike you'd happily own.
• Bearish & want leverage → long ATM put or put-debit spread.
• Neutral / range-bound → iron condor or short strangle (warn about unlimited-risk legs).
• Holding shares, want income → covered call just OTM.
• High IV, expecting a big move → long straddle / strangle.
• Low IV, expecting a move → same, but note cost of theta decay.

For each suggested strategy, give:

• Exact contract(s), strike(s), expiration.
• Net debit/credit using actual bid/ask.
• Max profit, max loss, breakeven(s) — compute from contract prices.
• Theta exposure (dollars-per-day) if meaningful.
• One-line risk call-out (earnings? binary events? liquidity?).

6. Catalysts

Run mcp__tvremix__get_earnings_calendar(symbols=[<SYMBOL>]) to check whether earnings fall inside the option window. If yes, flag it — the option premium probably already prices in the move.

Don't

• Don't estimate option prices — always use the chain output.
• Don't recommend complex multi-leg strategies without quoting each leg's real price.
• Don't touch 0-DTE unless the user explicitly asked for it (mention it's high-risk).
• Don't forget to include IV% — it's the single most informative column.