Investing Analyst
Structured workflow for thesis-driven equity and options trading. Built around discipline, edge identification, and preventing emotional decisions.
Pre-Trade Checklist (3 Gates)
Run all 3 before every options entry. See references/pre-trade-framework.md for full detail.
| Gate | Question | Pass Condition |
|---|
| 1. Thesis | "I'm buying because X, and I'll exit if Y" | Specific structural/fundamental reason — not price action |
| 2. Edge |
Do you have real informational advantage on this name? | Names you've researched deeply for >3 months |
| 3. Entry Timing | Thesis confirmation or price movement? | Thesis confirmation + technical trigger |
If any gate fails → don't trade.
Options Pricing Workflow (IV vs HV)
Before any options entry, compare Implied Volatility to 30-day Historical Volatility:
- - IV > HV significantly → Options EXPENSIVE. Prefer spreads to reduce premium paid.
- IV ≈ HV → Fair pricing. Long calls acceptable with clean thesis.
- IV < HV → Options CHEAP. Long calls or straddles can make sense.
Use the Black-Scholes template sheet for theoretical pricing (make a copy for yourself):
INLINECODE1
See references/options-signals.md for expected move calculations and earnings IV crush guidance.
Position Management Rules (Non-Negotiable)
- - Set max loss before entry. No exceptions.
- Never add to a losing options position. Ever. (The Escalation Rule — see references/pre-trade-framework.md)
- Close spreads with <2 weeks to expiry regardless of P&L if ITM
- Take profits: Set target at entry, close ≥50% when hit
Trade Types
| Type | Examples | Edge Level |
|---|
| Earnings Catalyst | Names you know deeply — earnings cadence, metrics, guidance patterns | High |
| Contrarian Structural |
Stocks at technical extremes with fundamental thesis | High (with trigger) |
| Macro/Index | SPY, QQQ LEAPs | Medium — size small |
| Momentum/FOMO | Hot names during runs without a thesis | None — avoid |
Full playbook per trade type: INLINECODE3
Trade Log Template
Fill before every entry. If you can't fill it, don't trade:
CODEBLOCK0
技能名称：investing-analyst
投资分析师
基于理论驱动的股票和期权交易的结构化工作流程。围绕纪律、优势识别和防止情绪化决策构建。
交易前检查清单（三道关卡）
每次期权入场前执行全部三项检查。详见 references/pre-trade-framework.md。
| 关卡 | 问题 | 通过条件 |
|---|
| 1. 理论 | 我买入是因为X，如果Y发生我将退出 | 具体的结构性/基本面原因——而非价格走势 |
| 2. 优势 |
你对该标的是否拥有真正的信息优势？ | 你已深入研究超过3个月的标的 |
| 3. 入场时机 | 理论确认还是价格变动？ | 理论确认 + 技术触发 |
任何关卡未通过 → 不交易。
期权定价工作流程（IV vs HV）
在任何期权入场前，比较隐含波动率与30天历史波动率：
- - IV显著高于HV → 期权昂贵。优先使用价差策略以减少支付的权利金。
- IV约等于HV → 定价合理。在理论清晰的情况下，买入看涨期权可接受。
- IV低于HV → 期权便宜。买入看涨期权或跨式策略可能合理。
使用布莱克-舒尔斯模板表进行理论定价（为自己复制一份）：
https://docs.google.com/spreadsheets/d/1_Q9ZpGzA2zmuaBmE0R2XVdZHpRnWA2PRNSfmpDXf1as/
参见 references/options-signals.md 了解预期波动计算和财报IV骤降指引。
持仓管理规则（不可协商）
- - 入场前设定最大亏损。无例外。
- 绝不对亏损的期权仓位加仓。永远不要。（升级规则——参见 references/pre-trade-framework.md）
- 到期前不足2周的价差策略无论盈亏均平仓（若为价内）
- 止盈：入场时设定目标，触及后平仓≥50%
交易类型
| 类型 | 示例 | 优势级别 |
|---|
| 财报催化剂 | 你深度了解的标的——财报节奏、指标、指引模式 | 高 |
| 逆向结构性 |
处于技术极端且具备基本面理论的股票 | 高（需触发） |
| 宏观/指数 | SPY、QQQ长期期权 | 中等——小仓位 |
| 动量/FOMO | 热门标的在上涨行情中缺乏理论 | 无——避免 |
各交易类型的完整操作手册：references/pre-trade-framework.md
交易日志模板
每次入场前填写。若无法填写，则不交易：
日期：
代码：
结构（例如 $30C 3/20，牛市看涨价差 $190/195）：
入场借方/贷方：
最大利润 / 最大亏损：
理论：我买入是因为...
失效条件：如果...我将提前退出
退出目标：在$或%收益时平仓
止损：在$或%亏损时平仓（绝不在该水平以下加仓）
优势：[高 / 低] — 原因：
IV vs HV：IV % vs HV % → [昂贵 / 合理 / 便宜]
