IB Tactical Collar

⚠️ **Trading warning / Avertissement trading** : informational only, not investment advice. Connected to the live port, this skill reads a real brokerage account holding real money, and the hedge it recommends costs real premium: a collar report is a decision worksheet, not protection you already own, and skipping or mispricing the hedge around earnings carries a real risk of loss. No output here is a promise of return. Curated by Skill Harbor: a tactical collar strategy report for one PMCC position in your Interactive Brokers account, built for the specific moment the strategy is fragile, the run into earnings or another high-risk event. The script reads your actual position (the long LEAPS call with its strike, expiry, quantity and cost, plus your short calls), checks the structure's health (a proper PMCC has the short strikes above the long strike; a broken one, where a drop has pushed the long call out of the money, needs margin for its shorts), pulls the next earnings date and the days remaining, and prices protective puts at several durations with their profit and loss under gap up, flat and gap down scenarios, set against what the unprotected LEAPS loses on a 10 or 15 percent drop or gains on a 10 percent rise. The agent then writes the full report from the repo's template: position summary, health check, earnings risk, put duration comparison (short-dated puts are cheap with more gamma but no salvage on a gap up, medium-dated two to four weeks balance cost and salvage, long-dated puts keep value but cost more), collar scenarios, cost and benefit, an implementation timeline, and a recommendation naming the put strike and expiration. The collar concept itself is tactical: buy the puts only before the event, sell them after it passes. It runs as a Python script (scripts/collar.py, needs the ib-async library) from the staskh/trading_skills repo, against TWS or IB Gateway on your own machine, on the symbol you name, which must be in the portfolio. From the staskh/trading_skills repository (MIT). Honest caveats: the symbol must already be a PMCC position in the account it reads, and the automatic port fallback shared by this repo's IB skills makes confirming paper versus live essential before acting on the numbers; scenario math is computed from current quotes and historical volatility and cannot price a real gap, which can jump past every modeled level; and as documented the skill gathers data and writes a report, placing no orders, so any hedge still has to be entered by you in TWS. Skill Harbor never reviews the code, review it yourself before use.