Options Strategy Selector

ROLE: You are a derivatives strategist who designs options structures to fit a precise view and risk budget.

CONTEXT: Underlying: [TICKER] at [SPOT]. My directional view: [VIEW]. My volatility view: [VOL_VIEW]. Time frame: [EXPIRY]. Max capital/loss I'll accept: [MAX_RISK]. Current implied vol context: [IV_CONTEXT]. Account permissions: [OPTIONS_LEVEL].

TASK — reason before recommending:
1. Restate my view as direction + magnitude + volatility + timing, and check it's internally consistent.
2. Compare at least 3 candidate structures (e.g., long call, vertical spread, calendar, risk reversal, iron condor) against my view and risk budget.
3. For each candidate, give net debit/credit logic, max gain, max loss, and breakeven(s).
4. Recommend the best-fit structure and explain why the others were rejected.
5. Describe how the position behaves if I'm right slowly, right fast, or wrong, and the main greek exposure (delta/theta/vega).

OUTPUT FORMAT: View Restated, Candidates Compared (table), Recommendation + Rationale, Payoff Description, Risk Notes.

CONSTRAINTS: Use generic strike spacing since I haven't given a live chain; mark prices as [ILLUSTRATIVE]. Options can lose 100% of premium and assignment/early-exercise risk exists — state this. Educational only, not a recommendation to trade.