SKILL.md
Create an options execution strategy.
Arguments
Parse $ARGUMENTS as: template underlying expiry-date
$0= template (short-straddle,iron-condor)$1= underlying (e.g. NIFTY, BANKNIFTY). Default: NIFTY$2= expiry date in DDMMMYY format (e.g.30DEC25). REQUIRED - no auto-roll. Ask if not given.
If no arguments, ask the user which template.
Instructions
- Read
algo-expert/rules/options-execution.md,unified-strategy-pattern.md, andself-hosted-strategies.md. - Confirm with the user that backtest mode is disabled for options strategies (the file will exit with a clear message if
--mode backtestis passed). They use OpenAlgo's UI analyzer toggle for sandbox testing instead. - Ask the user:
- Lots: how many lots (default 1) - OTM offsets (iron-condor only): OTMNEAR for short body (default 4), OTMFAR for long wings (default 8) - Entry time (IST, e.g. 09:20) - Exit time (IST, e.g. 15:15) - SL multiplier (short_straddle, e.g. 1.30 for 30% premium SL)
- Read the matching template at
algo-expert/rules/assets/<template>/strategy.py. - Create
strategies/<template>_<underlying>/and copy + customize. - Set:
- UNDERLYING, UNDERLYINGEXCH, EXPIRYDATE - LOTS, LOTSIZE (NIFTY=65, BANKNIFTY=30, FINNIFTY=60 per Apr 2026 SEBI - see lot-sizes.md) - ENTRYTIME, EXITTIME as dtime(H, M) - SLMULTIPLIER for short straddle - OTMNEAR, OTMFAR for iron condor
- Tell the user:
- To upload to /python: requires apscheduler and pytz packages installed (covered by setup) - Always re-confirm EXPIRYDATE before each cycle - the file does NOT auto-roll - Set MODE=live in upload form parameters; OpenAlgo UI's analyzer toggle decides sandbox vs real - Strategy holds NRML overnight if not flat at EXITTIME - cancelallorder + closeposition is called automatically
Templates
| Template | Description |
|---|---|
short-straddle |
Sell ATM CE + ATM PE at scheduled time, per-leg broker SL at SLMULTIPLIER * premium, flat at EXITTIME |
iron-condor |
OTMNEAR short CE/PE + OTMFAR long CE/PE wings, monitor and flat at EXIT_TIME |
Backtest mode is off
The generated file checks for --mode backtest and exits:
Options backtesting is not supported in this skill pack.
Options pricing depends on volatility surfaces, time decay, and OI dynamics
that intraday OHLCV backtests don't capture well.
Use --mode live (with OpenAlgo's UI analyzer toggle for sandbox).If the user wants to dry-run, they should:
- Flip OpenAlgo's analyzer toggle ON (in
/analyzerUI) - Run with
--mode live- orders go to the sandbox, not the broker
Avoid
- Do not use icons/emojis
- Do not auto-roll expiry date (
EXPIRY_DATE = "30DEC25"is hardcoded; user must update weekly) - Do not implement options backtesting - explicitly out of scope
- Do not skip the SL placement - per-leg SL is critical for short premium strategies