Analyze options strategy opportunities for {{TICKER}}: 1. Current Volatility Context: - Implied volatility (ATM) - IV percentile (vs. 1Y range) - IV vs. realized volatility (30D, 60D, 90D) - Term structure (front vs. back month IV) - Skew (put vs. call IV) 2. Historical Volatility Analysis: - HV cone (30D, 60D, 90D) - Volatility clustering patterns - Event volatility (earnings, etc.) 3. Strategy Recommendations Based on View: If Bullish + Low IV: - Long call strategies - Call spreads If Bullish + High IV: - Cash-secured puts - Put spreads for financing If Bearish + Low IV: - Long puts - Put spreads If Bearish + High IV: - Call credit spreads - Iron condors with bearish bias If Neutral: - Iron condors - Strangles/straddles based on IV level 4. Specific Trade Structure: - Recommended strategy - Strike selection with rationale - Expiration selection - Greeks profile (delta, gamma, theta, vega) - Max profit / max loss - Breakeven points 5. Risk Management: - Position sizing - Adjustment triggers - Exit criteria Output: Specific option trade with full P&L analysis.