feat(EXEC-001A): add named strategy templates

app/models/__init__.py

@@ -3,6 +3,7 @@
 from .option import Greeks, OptionContract, OptionMoneyness
 from .portfolio import LombardPortfolio
 from .strategy import HedgingStrategy, ScenarioResult, StrategyType
+from .strategy_template import EntryPolicy, RollPolicy, StrategyTemplate, TemplateLeg
 
 __all__ = [
     "Greeks",
@@ -12,4 +13,8 @@ __all__ = [
     "OptionMoneyness",
     "ScenarioResult",
     "StrategyType",
+    "StrategyTemplate",
+    "TemplateLeg",
+    "RollPolicy",
+    "EntryPolicy",
 ]

app/models/strategy_template.py

@@ -0,0 +1,309 @@
+from __future__ import annotations
+
+from dataclasses import dataclass, field
+from datetime import datetime, timezone
+from typing import Any, Literal
+
+StrategyTemplateKind = Literal["protective_put", "laddered_put"]
+StrategyTemplateStatus = Literal["draft", "active", "archived"]
+ContractMode = Literal["continuous_units", "listed_contracts"]
+LegSide = Literal["long", "short"]
+LegOptionType = Literal["put", "call"]
+StrikeRuleType = Literal["spot_pct"]
+QuantityRule = Literal["target_coverage_pct"]
+RollPolicyType = Literal["hold_to_expiry", "roll_n_days_before_expiry"]
+EntryTiming = Literal["scenario_start_close"]
+
+
+@dataclass(frozen=True)
+class StrikeRule:
+    rule_type: StrikeRuleType
+    value: float
+
+    def __post_init__(self) -> None:
+        if self.rule_type != "spot_pct":
+            raise ValueError("unsupported strike rule")
+        if self.value <= 0:
+            raise ValueError("strike rule value must be positive")
+
+    def to_dict(self) -> dict[str, Any]:
+        return {"rule_type": self.rule_type, "value": self.value}
+
+    @classmethod
+    def from_dict(cls, payload: dict[str, Any]) -> StrikeRule:
+        return cls(rule_type=payload["rule_type"], value=float(payload["value"]))
+
+
+@dataclass(frozen=True)
+class TemplateLeg:
+    leg_id: str
+    side: LegSide
+    option_type: LegOptionType
+    allocation_weight: float
+    strike_rule: StrikeRule
+    target_expiry_days: int
+    quantity_rule: QuantityRule
+    target_coverage_pct: float = 1.0
+
+    def __post_init__(self) -> None:
+        if self.side not in {"long", "short"}:
+            raise ValueError("unsupported leg side")
+        if self.option_type not in {"put", "call"}:
+            raise ValueError("unsupported option type")
+        if self.allocation_weight <= 0:
+            raise ValueError("allocation_weight must be positive")
+        if self.target_expiry_days <= 0:
+            raise ValueError("target_expiry_days must be positive")
+        if self.quantity_rule != "target_coverage_pct":
+            raise ValueError("unsupported quantity rule")
+        if self.target_coverage_pct <= 0:
+            raise ValueError("target_coverage_pct must be positive")
+
+    def to_dict(self) -> dict[str, Any]:
+        return {
+            "leg_id": self.leg_id,
+            "side": self.side,
+            "option_type": self.option_type,
+            "allocation_weight": self.allocation_weight,
+            "strike_rule": self.strike_rule.to_dict(),
+            "target_expiry_days": self.target_expiry_days,
+            "quantity_rule": self.quantity_rule,
+            "target_coverage_pct": self.target_coverage_pct,
+        }
+
+    @classmethod
+    def from_dict(cls, payload: dict[str, Any]) -> TemplateLeg:
+        return cls(
+            leg_id=payload["leg_id"],
+            side=payload["side"],
+            option_type=payload["option_type"],
+            allocation_weight=float(payload["allocation_weight"]),
+            strike_rule=StrikeRule.from_dict(payload["strike_rule"]),
+            target_expiry_days=int(payload["target_expiry_days"]),
+            quantity_rule=payload.get("quantity_rule", "target_coverage_pct"),
+            target_coverage_pct=float(payload.get("target_coverage_pct", 1.0)),
+        )
+
+
+@dataclass(frozen=True)
+class RollPolicy:
+    policy_type: RollPolicyType
+    days_before_expiry: int | None = None
+    rebalance_on_new_deposit: bool = False
+
+    def __post_init__(self) -> None:
+        if self.policy_type not in {"hold_to_expiry", "roll_n_days_before_expiry"}:
+            raise ValueError("unsupported roll policy")
+        if self.policy_type == "roll_n_days_before_expiry" and (self.days_before_expiry or 0) <= 0:
+            raise ValueError("days_before_expiry is required for rolling policies")
+
+    def to_dict(self) -> dict[str, Any]:
+        return {
+            "policy_type": self.policy_type,
+            "days_before_expiry": self.days_before_expiry,
+            "rebalance_on_new_deposit": self.rebalance_on_new_deposit,
+        }
+
+    @classmethod
+    def from_dict(cls, payload: dict[str, Any]) -> RollPolicy:
+        return cls(
+            policy_type=payload["policy_type"],
+            days_before_expiry=payload.get("days_before_expiry"),
+            rebalance_on_new_deposit=bool(payload.get("rebalance_on_new_deposit", False)),
+        )
+
+
+@dataclass(frozen=True)
+class EntryPolicy:
+    entry_timing: EntryTiming
+    stagger_days: int | None = None
+
+    def __post_init__(self) -> None:
+        if self.entry_timing != "scenario_start_close":
+            raise ValueError("unsupported entry timing")
+        if self.stagger_days is not None and self.stagger_days < 0:
+            raise ValueError("stagger_days must be non-negative")
+
+    def to_dict(self) -> dict[str, Any]:
+        return {"entry_timing": self.entry_timing, "stagger_days": self.stagger_days}
+
+    @classmethod
+    def from_dict(cls, payload: dict[str, Any]) -> EntryPolicy:
+        return cls(entry_timing=payload["entry_timing"], stagger_days=payload.get("stagger_days"))
+
+
+@dataclass(frozen=True)
+class StrategyTemplate:
+    template_id: str
+    slug: str
+    display_name: str
+    description: str
+    template_kind: StrategyTemplateKind
+    status: StrategyTemplateStatus
+    version: int
+    underlying_symbol: str
+    contract_mode: ContractMode
+    legs: tuple[TemplateLeg, ...]
+    roll_policy: RollPolicy
+    entry_policy: EntryPolicy
+    tags: tuple[str, ...] = field(default_factory=tuple)
+    created_at: datetime = field(default_factory=lambda: datetime.now(timezone.utc))
+    updated_at: datetime = field(default_factory=lambda: datetime.now(timezone.utc))
+
+    def __post_init__(self) -> None:
+        if self.template_kind not in {"protective_put", "laddered_put"}:
+            raise ValueError("unsupported template_kind")
+        if self.status not in {"draft", "active", "archived"}:
+            raise ValueError("unsupported template status")
+        if self.contract_mode not in {"continuous_units", "listed_contracts"}:
+            raise ValueError("unsupported contract mode")
+        if not self.slug:
+            raise ValueError("slug is required")
+        if not self.display_name:
+            raise ValueError("display_name is required")
+        if self.version <= 0:
+            raise ValueError("version must be positive")
+        if not self.legs:
+            raise ValueError("at least one template leg is required")
+        if self.template_kind in {"protective_put", "laddered_put"}:
+            if any(leg.side != "long" or leg.option_type != "put" for leg in self.legs):
+                raise ValueError("put templates support only long put legs")
+            total_weight = sum(leg.allocation_weight for leg in self.legs)
+            if abs(total_weight - 1.0) > 1e-9:
+                raise ValueError("weights must sum to 1.0")
+        expiry_days = {leg.target_expiry_days for leg in self.legs}
+        if len(expiry_days) != 1:
+            raise ValueError("all template legs must share target_expiry_days in MVP")
+
+    @property
+    def target_expiry_days(self) -> int:
+        return self.legs[0].target_expiry_days
+
+    def to_dict(self) -> dict[str, Any]:
+        return {
+            "template_id": self.template_id,
+            "slug": self.slug,
+            "display_name": self.display_name,
+            "description": self.description,
+            "template_kind": self.template_kind,
+            "status": self.status,
+            "version": self.version,
+            "underlying_symbol": self.underlying_symbol,
+            "contract_mode": self.contract_mode,
+            "legs": [leg.to_dict() for leg in self.legs],
+            "roll_policy": self.roll_policy.to_dict(),
+            "entry_policy": self.entry_policy.to_dict(),
+            "tags": list(self.tags),
+            "created_at": self.created_at.isoformat(),
+            "updated_at": self.updated_at.isoformat(),
+        }
+
+    @classmethod
+    def from_dict(cls, payload: dict[str, Any]) -> StrategyTemplate:
+        return cls(
+            template_id=payload["template_id"],
+            slug=payload["slug"],
+            display_name=payload["display_name"],
+            description=payload.get("description", ""),
+            template_kind=payload["template_kind"],
+            status=payload.get("status", "active"),
+            version=int(payload.get("version", 1)),
+            underlying_symbol=payload.get("underlying_symbol", "GLD"),
+            contract_mode=payload.get("contract_mode", "continuous_units"),
+            legs=tuple(TemplateLeg.from_dict(leg) for leg in payload["legs"]),
+            roll_policy=RollPolicy.from_dict(payload["roll_policy"]),
+            entry_policy=EntryPolicy.from_dict(payload["entry_policy"]),
+            tags=tuple(payload.get("tags", [])),
+            created_at=datetime.fromisoformat(payload["created_at"]),
+            updated_at=datetime.fromisoformat(payload["updated_at"]),
+        )
+
+    @classmethod
+    def protective_put(
+        cls,
+        *,
+        template_id: str,
+        slug: str,
+        display_name: str,
+        description: str,
+        strike_pct: float,
+        target_expiry_days: int,
+        underlying_symbol: str = "GLD",
+        tags: tuple[str, ...] = (),
+    ) -> StrategyTemplate:
+        now = datetime.now(timezone.utc)
+        return cls(
+            template_id=template_id,
+            slug=slug,
+            display_name=display_name,
+            description=description,
+            template_kind="protective_put",
+            status="active",
+            version=1,
+            underlying_symbol=underlying_symbol,
+            contract_mode="continuous_units",
+            legs=(
+                TemplateLeg(
+                    leg_id=f"{template_id}-leg-1",
+                    side="long",
+                    option_type="put",
+                    allocation_weight=1.0,
+                    strike_rule=StrikeRule(rule_type="spot_pct", value=strike_pct),
+                    target_expiry_days=target_expiry_days,
+                    quantity_rule="target_coverage_pct",
+                    target_coverage_pct=1.0,
+                ),
+            ),
+            roll_policy=RollPolicy(policy_type="hold_to_expiry"),
+            entry_policy=EntryPolicy(entry_timing="scenario_start_close"),
+            tags=tags,
+            created_at=now,
+            updated_at=now,
+        )
+
+    @classmethod
+    def laddered_put(
+        cls,
+        *,
+        template_id: str,
+        slug: str,
+        display_name: str,
+        description: str,
+        strike_pcts: tuple[float, ...],
+        weights: tuple[float, ...],
+        target_expiry_days: int,
+        underlying_symbol: str = "GLD",
+        tags: tuple[str, ...] = (),
+    ) -> StrategyTemplate:
+        if len(strike_pcts) != len(weights):
+            raise ValueError("strike_pcts and weights must have the same length")
+        now = datetime.now(timezone.utc)
+        return cls(
+            template_id=template_id,
+            slug=slug,
+            display_name=display_name,
+            description=description,
+            template_kind="laddered_put",
+            status="active",
+            version=1,
+            underlying_symbol=underlying_symbol,
+            contract_mode="continuous_units",
+            legs=tuple(
+                TemplateLeg(
+                    leg_id=f"{template_id}-leg-{index}",
+                    side="long",
+                    option_type="put",
+                    allocation_weight=weight,
+                    strike_rule=StrikeRule(rule_type="spot_pct", value=strike_pct),
+                    target_expiry_days=target_expiry_days,
+                    quantity_rule="target_coverage_pct",
+                    target_coverage_pct=1.0,
+                )
+                for index, (strike_pct, weight) in enumerate(zip(strike_pcts, weights, strict=True), start=1)
+            ),
+            roll_policy=RollPolicy(policy_type="hold_to_expiry"),
+            entry_policy=EntryPolicy(entry_timing="scenario_start_close"),
+            tags=tags,
+            created_at=now,
+            updated_at=now,
+        )

app/pages/common.py

@@ -6,6 +6,8 @@ from typing import Any
 
 from nicegui import ui
 
+from app.services.strategy_templates import StrategyTemplateService
+
 NAV_ITEMS: list[tuple[str, str, str]] = [
     ("overview", "/", "Overview"),
     ("hedge", "/hedge", "Hedge Analysis"),
@@ -38,33 +40,7 @@ def portfolio_snapshot() -> dict[str, float]:
 
 
 def strategy_catalog() -> list[dict[str, Any]]:
-    return [
-        {
-            "name": "protective_put",
-            "label": "Protective Put",
-            "description": "Full downside protection below the hedge strike with uncapped upside.",
-            "estimated_cost": 6.25,
-            "max_drawdown_floor": 210.0,
-            "coverage": "High",
-        },
-        {
-            "name": "collar",
-            "label": "Collar",
-            "description": "Lower premium by financing puts with covered call upside caps.",
-            "estimated_cost": 2.10,
-            "max_drawdown_floor": 208.0,
-            "upside_cap": 228.0,
-            "coverage": "Balanced",
-        },
-        {
-            "name": "laddered_puts",
-            "label": "Laddered Puts",
-            "description": "Multiple maturities and strikes reduce roll concentration and smooth protection.",
-            "estimated_cost": 4.45,
-            "max_drawdown_floor": 205.0,
-            "coverage": "Layered",
-        },
-    ]
+    return StrategyTemplateService().catalog_items()
 
 
 def quick_recommendations(portfolio: dict[str, Any] | None = None) -> list[dict[str, str]]:
@@ -73,7 +49,7 @@ def quick_recommendations(portfolio: dict[str, Any] | None = None) -> list[dict[
     return [
         {
             "title": "Balanced hedge favored",
-            "summary": "A collar keeps the current LTV comfortably below the margin threshold while limiting upfront spend.",
+            "summary": "A 95% protective put balances margin-call protection with a lower upfront hedge cost.",
             "tone": "positive",
         },
         {

app/pages/hedge.py

@@ -75,7 +75,7 @@ def _waterfall_options(metrics: dict) -> dict:
 def hedge_page() -> None:
     strategies = strategy_catalog()
     strategy_map = {strategy["label"]: strategy["name"] for strategy in strategies}
-    selected = {"strategy": strategies[0]["name"], "scenario_pct": 0}
+    selected = {"strategy": strategies[0]["name"], "label": strategies[0]["label"], "scenario_pct": 0}
 
     with dashboard_page(
         "Hedge Analysis",
@@ -87,9 +87,7 @@ def hedge_page() -> None:
                 "w-full rounded-2xl border border-slate-200 bg-white shadow-sm dark:border-slate-800 dark:bg-slate-900"
             ):
                 ui.label("Strategy Controls").classes("text-lg font-semibold text-slate-900 dark:text-slate-100")
-                selector = ui.select(strategy_map, value=selected["strategy"], label="Strategy selector").classes(
-                    "w-full"
-                )
+                selector = ui.select(strategy_map, value=selected["label"], label="Strategy selector").classes("w-full")
                 slider_value = ui.label("Scenario move: +0%").classes("text-sm text-slate-500 dark:text-slate-400")
                 slider = ui.slider(min=-25, max=25, value=0, step=5).classes("w-full")
                 ui.label(f"Current spot reference: ${demo_spot_price():,.2f}").classes(
@@ -134,13 +132,16 @@ def hedge_page() -> None:
                             ui.label(value).classes("text-2xl font-bold text-slate-900 dark:text-slate-100")
                 ui.label(strategy["description"]).classes("text-sm text-slate-600 dark:text-slate-300")
 
-            cost_chart.options = _cost_benefit_options(metrics)
+            cost_chart.options.clear()
+            cost_chart.options.update(_cost_benefit_options(metrics))
             cost_chart.update()
-            waterfall_chart.options = _waterfall_options(metrics)
+            waterfall_chart.options.clear()
+            waterfall_chart.options.update(_waterfall_options(metrics))
             waterfall_chart.update()
 
         def refresh_from_selector(event) -> None:
-            selected["strategy"] = event.value
+            selected["label"] = str(event.value)
+            selected["strategy"] = strategy_map[selected["label"]]
             render_summary()
 
         def refresh_from_slider(event) -> None:

app/services/strategy_templates.py

@@ -0,0 +1,199 @@
+from __future__ import annotations
+
+import json
+from pathlib import Path
+from typing import Any
+
+from app.models.strategy_template import StrategyTemplate
+from app.strategies.base import BaseStrategy, StrategyConfig
+from app.strategies.laddered_put import LadderedPutStrategy, LadderSpec
+from app.strategies.protective_put import ProtectivePutSpec, ProtectivePutStrategy
+
+DEFAULT_TEMPLATE_FILE = Path(__file__).resolve().parents[2] / "config" / "strategy_templates.json"
+
+
+def default_strategy_templates() -> list[StrategyTemplate]:
+    return [
+        StrategyTemplate.protective_put(
+            template_id="protective-put-atm-12m-v1",
+            slug="protective-put-atm-12m",
+            display_name="Protective Put ATM",
+            description="Full downside protection using a 12-month at-the-money put.",
+            strike_pct=1.0,
+            target_expiry_days=365,
+            tags=("system", "protective_put", "conservative"),
+        ),
+        StrategyTemplate.protective_put(
+            template_id="protective-put-95pct-12m-v1",
+            slug="protective-put-95pct-12m",
+            display_name="Protective Put 95%",
+            description="Lower-cost 12-month protective put using a 95% spot strike.",
+            strike_pct=0.95,
+            target_expiry_days=365,
+            tags=("system", "protective_put", "balanced"),
+        ),
+        StrategyTemplate.protective_put(
+            template_id="protective-put-90pct-12m-v1",
+            slug="protective-put-90pct-12m",
+            display_name="Protective Put 90%",
+            description="Cost-sensitive 12-month protective put using a 90% spot strike.",
+            strike_pct=0.90,
+            target_expiry_days=365,
+            tags=("system", "protective_put", "cost_sensitive"),
+        ),
+        StrategyTemplate.laddered_put(
+            template_id="ladder-50-50-atm-95pct-12m-v1",
+            slug="ladder-50-50-atm-95pct-12m",
+            display_name="Laddered Puts 50/50 ATM + 95%",
+            description="Split hedge evenly across ATM and 95% strike 12-month puts.",
+            strike_pcts=(1.0, 0.95),
+            weights=(0.5, 0.5),
+            target_expiry_days=365,
+            tags=("system", "laddered_put", "balanced"),
+        ),
+        StrategyTemplate.laddered_put(
+            template_id="ladder-33-33-33-atm-95pct-90pct-12m-v1",
+            slug="ladder-33-33-33-atm-95pct-90pct-12m",
+            display_name="Laddered Puts 33/33/33 ATM + 95% + 90%",
+            description="Three-layer 12-month put ladder across ATM, 95%, and 90% strikes.",
+            strike_pcts=(1.0, 0.95, 0.90),
+            weights=(1 / 3, 1 / 3, 1 / 3),
+            target_expiry_days=365,
+            tags=("system", "laddered_put", "cost_sensitive"),
+        ),
+    ]
+
+
+class FileStrategyTemplateRepository:
+    def __init__(self, path: str | Path = DEFAULT_TEMPLATE_FILE) -> None:
+        self.path = Path(path)
+
+    def list_templates(self) -> list[StrategyTemplate]:
+        self._ensure_seeded()
+        payload = json.loads(self.path.read_text())
+        return [StrategyTemplate.from_dict(item) for item in payload.get("templates", [])]
+
+    def get_by_slug(self, slug: str) -> StrategyTemplate | None:
+        return next((template for template in self.list_templates() if template.slug == slug), None)
+
+    def save_all(self, templates: list[StrategyTemplate]) -> None:
+        self.path.parent.mkdir(parents=True, exist_ok=True)
+        payload = {"templates": [template.to_dict() for template in templates]}
+        self.path.write_text(json.dumps(payload, indent=2) + "\n")
+
+    def _ensure_seeded(self) -> None:
+        if self.path.exists():
+            return
+        self.save_all(default_strategy_templates())
+
+
+class StrategyTemplateService:
+    def __init__(self, repository: FileStrategyTemplateRepository | None = None) -> None:
+        self.repository = repository or FileStrategyTemplateRepository()
+
+    def list_active_templates(self, underlying_symbol: str = "GLD") -> list[StrategyTemplate]:
+        symbol = underlying_symbol.upper()
+        return [
+            template
+            for template in self.repository.list_templates()
+            if template.status == "active" and template.underlying_symbol.upper() in {symbol, "*"}
+        ]
+
+    def get_template(self, slug: str) -> StrategyTemplate:
+        template = self.repository.get_by_slug(slug)
+        if template is None:
+            raise KeyError(f"Unknown strategy template: {slug}")
+        return template
+
+    def build_strategy(self, config: StrategyConfig, slug: str) -> BaseStrategy:
+        return self.build_strategy_from_template(config, self.get_template(slug))
+
+    def build_strategy_from_template(self, config: StrategyConfig, template: StrategyTemplate) -> BaseStrategy:
+        months = max(1, round(template.target_expiry_days / 30.4167))
+        if template.template_kind == "protective_put":
+            leg = template.legs[0]
+            return ProtectivePutStrategy(
+                config,
+                ProtectivePutSpec(
+                    label=self._protective_label(leg.strike_rule.value),
+                    strike_pct=leg.strike_rule.value,
+                    months=months,
+                ),
+            )
+        if template.template_kind == "laddered_put":
+            return LadderedPutStrategy(
+                config,
+                LadderSpec(
+                    label=self._ladder_label(template),
+                    weights=tuple(leg.allocation_weight for leg in template.legs),
+                    strike_pcts=tuple(leg.strike_rule.value for leg in template.legs),
+                    months=months,
+                ),
+            )
+        raise ValueError(f"Unsupported template kind: {template.template_kind}")
+
+    def catalog_items(self) -> list[dict[str, Any]]:
+        ui_defaults = {
+            "protective_put_atm": {"estimated_cost": 6.25, "max_drawdown_floor": 210.0, "coverage": "High"},
+            "protective_put_otm_95": {"estimated_cost": 4.95, "max_drawdown_floor": 205.0, "coverage": "Balanced"},
+            "protective_put_otm_90": {"estimated_cost": 3.7, "max_drawdown_floor": 194.0, "coverage": "Cost-efficient"},
+            "laddered_put_50_50_atm_otm95": {
+                "estimated_cost": 4.45,
+                "max_drawdown_floor": 205.0,
+                "coverage": "Layered",
+            },
+            "laddered_put_33_33_33_atm_otm95_otm90": {
+                "estimated_cost": 3.85,
+                "max_drawdown_floor": 200.0,
+                "coverage": "Layered",
+            },
+        }
+        items: list[dict[str, Any]] = []
+        for template in self.list_active_templates():
+            strategy_name = self.strategy_name(template)
+            items.append(
+                {
+                    "name": strategy_name,
+                    "template_slug": template.slug,
+                    "label": template.display_name,
+                    "description": template.description,
+                    **ui_defaults.get(strategy_name, {}),
+                }
+            )
+        return items
+
+    def strategy_name(self, template: StrategyTemplate) -> str:
+        strategy = self.build_strategy_from_template(
+            StrategyConfig(portfolio=self._stub_portfolio(), spot_price=1.0, volatility=0.16, risk_free_rate=0.045),
+            template,
+        )
+        return strategy.name
+
+    @staticmethod
+    def _protective_label(strike_pct: float) -> str:
+        if abs(strike_pct - 1.0) < 1e-9:
+            return "ATM"
+        return f"OTM_{int(round(strike_pct * 100))}"
+
+    def _ladder_label(self, template: StrategyTemplate) -> str:
+        weight_labels = "_".join(str(int(round(leg.allocation_weight * 100))) for leg in template.legs)
+        strike_labels = "_".join(self._strike_label(leg.strike_rule.value) for leg in template.legs)
+        return f"{weight_labels}_{strike_labels}"
+
+    @staticmethod
+    def _strike_label(strike_pct: float) -> str:
+        if abs(strike_pct - 1.0) < 1e-9:
+            return "ATM"
+        return f"OTM{int(round(strike_pct * 100))}"
+
+    @staticmethod
+    def _stub_portfolio():
+        from app.models.portfolio import LombardPortfolio
+
+        return LombardPortfolio(
+            gold_ounces=1.0,
+            gold_price_per_ounce=1.0,
+            loan_amount=0.5,
+            initial_ltv=0.5,
+            margin_call_ltv=0.75,
+        )

app/strategies/__init__.py

@@ -1,5 +1,4 @@
 from .base import BaseStrategy, StrategyConfig
-from .engine import StrategySelectionEngine
 from .laddered_put import LadderedPutStrategy, LadderSpec
 from .lease import LeaseAnalysisSpec, LeaseStrategy
 from .protective_put import ProtectivePutSpec, ProtectivePutStrategy
@@ -15,3 +14,11 @@ __all__ = [
     "LeaseStrategy",
     "StrategySelectionEngine",
 ]
+
+
+def __getattr__(name: str):
+    if name == "StrategySelectionEngine":
+        from .engine import StrategySelectionEngine
+
+        return StrategySelectionEngine
+    raise AttributeError(f"module {__name__!r} has no attribute {name!r}")

app/strategies/engine.py

@@ -9,10 +9,9 @@ from app.core.pricing.black_scholes import (
     DEFAULT_VOLATILITY,
 )
 from app.models.portfolio import LombardPortfolio
+from app.services.strategy_templates import StrategyTemplateService
 from app.strategies.base import BaseStrategy, StrategyConfig
-from app.strategies.laddered_put import LadderedPutStrategy, LadderSpec
 from app.strategies.lease import LeaseStrategy
-from app.strategies.protective_put import ProtectivePutSpec, ProtectivePutStrategy
 
 RiskProfile = Literal["conservative", "balanced", "cost_sensitive"]
 
@@ -34,6 +33,7 @@ class StrategySelectionEngine:
     spot_price: float = RESEARCH_GLD_SPOT
     volatility: float = RESEARCH_VOLATILITY
     risk_free_rate: float = RESEARCH_RISK_FREE_RATE
+    template_service: StrategyTemplateService | None = None
 
     def _config(self) -> StrategyConfig:
         portfolio = LombardPortfolio(
@@ -52,30 +52,12 @@ class StrategySelectionEngine:
 
     def _strategies(self) -> list[BaseStrategy]:
         config = self._config()
-        return [
-            ProtectivePutStrategy(config, ProtectivePutSpec(label="ATM", strike_pct=1.0, months=12)),
-            ProtectivePutStrategy(config, ProtectivePutSpec(label="OTM_95", strike_pct=0.95, months=12)),
-            ProtectivePutStrategy(config, ProtectivePutSpec(label="OTM_90", strike_pct=0.90, months=12)),
-            LadderedPutStrategy(
-                config,
-                LadderSpec(
-                    label="50_50_ATM_OTM95",
-                    weights=(0.5, 0.5),
-                    strike_pcts=(1.0, 0.95),
-                    months=12,
-                ),
-            ),
-            LadderedPutStrategy(
-                config,
-                LadderSpec(
-                    label="33_33_33_ATM_OTM95_OTM90",
-                    weights=(1 / 3, 1 / 3, 1 / 3),
-                    strike_pcts=(1.0, 0.95, 0.90),
-                    months=12,
-                ),
-            ),
-            LeaseStrategy(config),
+        template_service = self.template_service or StrategyTemplateService()
+        template_strategies = [
+            template_service.build_strategy_from_template(config, template)
+            for template in template_service.list_active_templates("GLD")
         ]
+        return [*template_strategies, LeaseStrategy(config)]
 
     def compare_all_strategies(self) -> list[dict]:
         comparisons: list[dict] = []
@@ -149,6 +131,7 @@ class StrategySelectionEngine:
                 spot_price=self.spot_price,
                 volatility=volatility,
                 risk_free_rate=self.risk_free_rate,
+                template_service=self.template_service,
             )
             recommendation = engine.recommend("balanced")
             results["volatility"].append(
@@ -169,6 +152,7 @@ class StrategySelectionEngine:
                 spot_price=spot_price,
                 volatility=DEFAULT_VOLATILITY,
                 risk_free_rate=DEFAULT_RISK_FREE_RATE,
+                template_service=self.template_service,
             )
             recommendation = engine.recommend("balanced")
             results["spot_price"].append(

config/strategy_templates.json

@@ -0,0 +1,253 @@
+{
+  "templates": [
+    {
+      "template_id": "protective-put-atm-12m-v1",
+      "slug": "protective-put-atm-12m",
+      "display_name": "Protective Put ATM",
+      "description": "Full downside protection using a 12-month at-the-money put.",
+      "template_kind": "protective_put",
+      "status": "active",
+      "version": 1,
+      "underlying_symbol": "GLD",
+      "contract_mode": "continuous_units",
+      "legs": [
+        {
+          "leg_id": "protective-put-atm-12m-v1-leg-1",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 1.0,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 1.0
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        }
+      ],
+      "roll_policy": {
+        "policy_type": "hold_to_expiry",
+        "days_before_expiry": null,
+        "rebalance_on_new_deposit": false
+      },
+      "entry_policy": {
+        "entry_timing": "scenario_start_close",
+        "stagger_days": null
+      },
+      "tags": [
+        "system",
+        "protective_put",
+        "conservative"
+      ],
+      "created_at": "2026-03-24T00:00:00+00:00",
+      "updated_at": "2026-03-24T00:00:00+00:00"
+    },
+    {
+      "template_id": "protective-put-95pct-12m-v1",
+      "slug": "protective-put-95pct-12m",
+      "display_name": "Protective Put 95%",
+      "description": "Lower-cost 12-month protective put using a 95% spot strike.",
+      "template_kind": "protective_put",
+      "status": "active",
+      "version": 1,
+      "underlying_symbol": "GLD",
+      "contract_mode": "continuous_units",
+      "legs": [
+        {
+          "leg_id": "protective-put-95pct-12m-v1-leg-1",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 1.0,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 0.95
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        }
+      ],
+      "roll_policy": {
+        "policy_type": "hold_to_expiry",
+        "days_before_expiry": null,
+        "rebalance_on_new_deposit": false
+      },
+      "entry_policy": {
+        "entry_timing": "scenario_start_close",
+        "stagger_days": null
+      },
+      "tags": [
+        "system",
+        "protective_put",
+        "balanced"
+      ],
+      "created_at": "2026-03-24T00:00:00+00:00",
+      "updated_at": "2026-03-24T00:00:00+00:00"
+    },
+    {
+      "template_id": "protective-put-90pct-12m-v1",
+      "slug": "protective-put-90pct-12m",
+      "display_name": "Protective Put 90%",
+      "description": "Cost-sensitive 12-month protective put using a 90% spot strike.",
+      "template_kind": "protective_put",
+      "status": "active",
+      "version": 1,
+      "underlying_symbol": "GLD",
+      "contract_mode": "continuous_units",
+      "legs": [
+        {
+          "leg_id": "protective-put-90pct-12m-v1-leg-1",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 1.0,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 0.9
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        }
+      ],
+      "roll_policy": {
+        "policy_type": "hold_to_expiry",
+        "days_before_expiry": null,
+        "rebalance_on_new_deposit": false
+      },
+      "entry_policy": {
+        "entry_timing": "scenario_start_close",
+        "stagger_days": null
+      },
+      "tags": [
+        "system",
+        "protective_put",
+        "cost_sensitive"
+      ],
+      "created_at": "2026-03-24T00:00:00+00:00",
+      "updated_at": "2026-03-24T00:00:00+00:00"
+    },
+    {
+      "template_id": "ladder-50-50-atm-95pct-12m-v1",
+      "slug": "ladder-50-50-atm-95pct-12m",
+      "display_name": "Laddered Puts 50/50 ATM + 95%",
+      "description": "Split hedge evenly across ATM and 95% strike 12-month puts.",
+      "template_kind": "laddered_put",
+      "status": "active",
+      "version": 1,
+      "underlying_symbol": "GLD",
+      "contract_mode": "continuous_units",
+      "legs": [
+        {
+          "leg_id": "ladder-50-50-atm-95pct-12m-v1-leg-1",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 0.5,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 1.0
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        },
+        {
+          "leg_id": "ladder-50-50-atm-95pct-12m-v1-leg-2",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 0.5,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 0.95
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        }
+      ],
+      "roll_policy": {
+        "policy_type": "hold_to_expiry",
+        "days_before_expiry": null,
+        "rebalance_on_new_deposit": false
+      },
+      "entry_policy": {
+        "entry_timing": "scenario_start_close",
+        "stagger_days": null
+      },
+      "tags": [
+        "system",
+        "laddered_put",
+        "balanced"
+      ],
+      "created_at": "2026-03-24T00:00:00+00:00",
+      "updated_at": "2026-03-24T00:00:00+00:00"
+    },
+    {
+      "template_id": "ladder-33-33-33-atm-95pct-90pct-12m-v1",
+      "slug": "ladder-33-33-33-atm-95pct-90pct-12m",
+      "display_name": "Laddered Puts 33/33/33 ATM + 95% + 90%",
+      "description": "Three-layer 12-month put ladder across ATM, 95%, and 90% strikes.",
+      "template_kind": "laddered_put",
+      "status": "active",
+      "version": 1,
+      "underlying_symbol": "GLD",
+      "contract_mode": "continuous_units",
+      "legs": [
+        {
+          "leg_id": "ladder-33-33-33-atm-95pct-90pct-12m-v1-leg-1",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 0.3333333333333333,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 1.0
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        },
+        {
+          "leg_id": "ladder-33-33-33-atm-95pct-90pct-12m-v1-leg-2",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 0.3333333333333333,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 0.95
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        },
+        {
+          "leg_id": "ladder-33-33-33-atm-95pct-90pct-12m-v1-leg-3",
+          "side": "long",
+          "option_type": "put",
+          "allocation_weight": 0.3333333333333333,
+          "strike_rule": {
+            "rule_type": "spot_pct",
+            "value": 0.9
+          },
+          "target_expiry_days": 365,
+          "quantity_rule": "target_coverage_pct",
+          "target_coverage_pct": 1.0
+        }
+      ],
+      "roll_policy": {
+        "policy_type": "hold_to_expiry",
+        "days_before_expiry": null,
+        "rebalance_on_new_deposit": false
+      },
+      "entry_policy": {
+        "entry_timing": "scenario_start_close",
+        "stagger_days": null
+      },
+      "tags": [
+        "system",
+        "laddered_put",
+        "cost_sensitive"
+      ],
+      "created_at": "2026-03-24T00:00:00+00:00",
+      "updated_at": "2026-03-24T00:00:00+00:00"
+    }
+  ]
+}

tests/test_e2e_playwright.py

@@ -39,4 +39,14 @@ def test_homepage_and_options_page_render() -> None:
         assert "Server error" not in settings_text
         page.screenshot(path=str(ARTIFACTS / "settings.png"), full_page=True)
 
+        page.goto(f"{BASE_URL}/hedge", wait_until="domcontentloaded", timeout=30000)
+        expect(page.locator("text=Hedge Analysis").first).to_be_visible(timeout=15000)
+        expect(page.locator("text=Strategy selector").first).to_be_visible(timeout=15000)
+        expect(page.locator("text=Strategy Controls").first).to_be_visible(timeout=15000)
+        hedge_text = page.locator("body").inner_text(timeout=15000)
+        assert "Scenario Summary" in hedge_text
+        assert "RuntimeError" not in hedge_text
+        assert "Server error" not in hedge_text
+        page.screenshot(path=str(ARTIFACTS / "hedge.png"), full_page=True)
+
         browser.close()

tests/test_strategy_templates.py

@@ -0,0 +1,144 @@
+from __future__ import annotations
+
+from pathlib import Path
+
+import pytest
+
+import app.core.pricing.black_scholes as black_scholes
+from app.models.strategy_template import EntryPolicy, RollPolicy, StrategyTemplate, StrikeRule, TemplateLeg
+from app.services.strategy_templates import FileStrategyTemplateRepository, StrategyTemplateService
+from app.strategies.engine import StrategySelectionEngine
+
+
+def _force_analytic_pricing(monkeypatch: pytest.MonkeyPatch) -> None:
+    monkeypatch.setattr(black_scholes, "ql", None)
+
+
+def test_strategy_template_rejects_invalid_weight_sum() -> None:
+    template = StrategyTemplate.protective_put(
+        template_id="bad-template",
+        slug="bad-template",
+        display_name="Bad Template",
+        description="Invalid weights should fail validation.",
+        strike_pct=1.0,
+        target_expiry_days=365,
+    )
+
+    with pytest.raises(ValueError, match="weights must sum to 1.0"):
+        StrategyTemplate(
+            template_id=template.template_id,
+            slug=template.slug,
+            display_name=template.display_name,
+            description=template.description,
+            template_kind=template.template_kind,
+            status=template.status,
+            version=template.version,
+            underlying_symbol=template.underlying_symbol,
+            contract_mode=template.contract_mode,
+            legs=(
+                TemplateLeg(
+                    leg_id="leg-1",
+                    side="long",
+                    option_type="put",
+                    allocation_weight=0.6,
+                    strike_rule=template.legs[0].strike_rule,
+                    target_expiry_days=365,
+                    quantity_rule="target_coverage_pct",
+                    target_coverage_pct=1.0,
+                ),
+                TemplateLeg(
+                    leg_id="leg-2",
+                    side="long",
+                    option_type="put",
+                    allocation_weight=0.3,
+                    strike_rule=template.legs[0].strike_rule,
+                    target_expiry_days=365,
+                    quantity_rule="target_coverage_pct",
+                    target_coverage_pct=1.0,
+                ),
+            ),
+            roll_policy=template.roll_policy,
+            entry_policy=template.entry_policy,
+            tags=template.tags,
+            created_at=template.created_at,
+            updated_at=template.updated_at,
+        )
+
+
+def test_file_strategy_template_repository_seeds_default_templates(tmp_path: Path) -> None:
+    repository = FileStrategyTemplateRepository(tmp_path / "strategy_templates.json")
+
+    templates = repository.list_templates()
+
+    assert [template.slug for template in templates] == [
+        "protective-put-atm-12m",
+        "protective-put-95pct-12m",
+        "protective-put-90pct-12m",
+        "ladder-50-50-atm-95pct-12m",
+        "ladder-33-33-33-atm-95pct-90pct-12m",
+    ]
+    assert (tmp_path / "strategy_templates.json").exists() is True
+
+
+def test_strategy_template_rejects_collar_kind_for_mvp() -> None:
+    with pytest.raises(ValueError, match="unsupported template_kind"):
+        StrategyTemplate(
+            template_id="collar-template",
+            slug="collar-template",
+            display_name="Collar Template",
+            description="Collars are not supported by the template service in the MVP.",
+            template_kind="collar",  # type: ignore[arg-type]
+            status="active",
+            version=1,
+            underlying_symbol="GLD",
+            contract_mode="continuous_units",
+            legs=(
+                TemplateLeg(
+                    leg_id="collar-put-leg",
+                    side="long",
+                    option_type="put",
+                    allocation_weight=1.0,
+                    strike_rule=StrikeRule(rule_type="spot_pct", value=0.95),
+                    target_expiry_days=365,
+                    quantity_rule="target_coverage_pct",
+                    target_coverage_pct=1.0,
+                ),
+            ),
+            roll_policy=RollPolicy(policy_type="hold_to_expiry"),
+            entry_policy=EntryPolicy(entry_timing="scenario_start_close"),
+        )
+
+
+def test_strategy_selection_engine_uses_named_templates(monkeypatch: pytest.MonkeyPatch) -> None:
+    _force_analytic_pricing(monkeypatch)
+    service = StrategyTemplateService()
+    engine = StrategySelectionEngine(template_service=service)
+
+    strategies = engine.compare_all_strategies()
+
+    assert [item["name"] for item in strategies[:5]] == [
+        "protective_put_atm",
+        "protective_put_otm_95",
+        "protective_put_otm_90",
+        "laddered_put_50_50_atm_otm95",
+        "laddered_put_33_33_33_atm_otm95_otm90",
+    ]
+
+
+def test_strategy_template_service_catalog_reads_named_templates() -> None:
+    catalog = StrategyTemplateService().catalog_items()
+
+    assert [item["label"] for item in catalog] == [
+        "Protective Put ATM",
+        "Protective Put 95%",
+        "Protective Put 90%",
+        "Laddered Puts 50/50 ATM + 95%",
+        "Laddered Puts 33/33/33 ATM + 95% + 90%",
+    ]
+    assert [item["name"] for item in catalog] == [
+        "protective_put_atm",
+        "protective_put_otm_95",
+        "protective_put_otm_90",
+        "laddered_put_50_50_atm_otm95",
+        "laddered_put_33_33_33_atm_otm95_otm90",
+    ]