{
  "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"
    }
  ]
}