Fix option-option exit preview to use budget times reward ratio.

Plan no longer shows perp exit_unit*k as the OO target.

Co-authored-by: Cursor <cursoragent@cursor.com>

backend/app/strategy/risk_sizing.py

@@ -714,18 +714,30 @@ def apply_risk_sizing_to_ledger(
     return r
 
 
+def _hedge_mode(ledger: Ledger | None = None) -> str:
+    led = ledger or Ledger()
+    s = get_settings()
+    raw = str(led.get_setting_str("hedge_mode", s.hedge_mode) or s.hedge_mode).strip().lower()
+    return raw if raw in ("perp_option", "option_option") else "perp_option"
+
+
 def preview_risk_sizing(db: Database | None = None) -> dict[str, Any]:
-    """设置页预览：用当前盘口粗估。"""
+    """设置页/计划页预览：用当前盘口粗估。"""
     database = db or get_db()
     ledger = Ledger(database)
     out: dict[str, Any] = {
         "sizing_mode": ledger.get_setting_str("sizing_mode", "manual") or "manual",
         "risk_based": is_risk_based(ledger),
+        "hedge_mode": _hedge_mode(ledger),
     }
     if not is_risk_based(ledger):
         out["ok"] = True
         out["detail"] = "当前为手动仓位"
         return out
+
+    if out["hedge_mode"] == "option_option":
+        return _preview_oo_sizing(database, ledger, out)
+
     try:
         from .open_capacity import _index_and_option_ask
 
@@ -764,3 +776,99 @@ def preview_risk_sizing(db: Database | None = None) -> dict[str, Any]:
         }
     )
     return out
+
+
+def _preview_oo_sizing(
+    database: Database, ledger: Ledger, out: dict[str, Any]
+) -> dict[str, Any]:
+    """期期预览：出场目标 = 预算 × 盈亏比；有卖一时再估单腿 qty。"""
+    s = get_settings()
+    budget, detail, capital = resolve_budget(database)
+    mg = resolve_martingale(database, ledger=ledger)
+    ratio = float(
+        ledger.get_setting_float("oo_reward_ratio", s.oo_reward_ratio)
+        or s.oo_reward_ratio
+    )
+    cush = float(
+        ledger.get_setting_float("oo_budget_cushion", s.oo_budget_cushion)
+        or s.oo_budget_cushion
+    )
+    out["martingale"] = mg
+    out["risk_effective_loss_pct"] = mg.get("effective_pct")
+    out["reward_ratio"] = ratio
+    out["cushion"] = cush
+    if budget is None:
+        out["ok"] = False
+        out["detail"] = f"期期预算失败: {detail}"
+        return out
+    exit_target = _round2(float(budget) * max(0.5, ratio))
+    out.update(
+        {
+            "budget": _round2(float(budget)),
+            "capital_base": _round2(float(capital)) if capital is not None else None,
+            "net_profit_target": exit_target,
+            "k": None,
+            "perp_qty_eth": 0.0,
+        }
+    )
+    call_ask = put_ask = idx = None
+    try:
+        from .session import get_session
+
+        snap = get_session().snapshot()
+        idx = snap.index_px
+        if snap.call and snap.call.ask and float(snap.call.ask) > 0:
+            call_ask = float(snap.call.ask)
+        if snap.put and snap.put.ask and float(snap.put.ask) > 0:
+            put_ask = float(snap.put.ask)
+        if idx is None and snap.perp and snap.perp.mark_px:
+            idx = float(snap.perp.mark_px)
+    except Exception:
+        pass
+    if call_ask is None or put_ask is None:
+        try:
+            from .open_capacity import _index_and_option_ask
+
+            i2, a2 = _index_and_option_ask()
+            if idx is None:
+                idx = i2
+            # 回退：单腿 ATM 卖一不够准确，但至少能估数量量级
+            if call_ask is None and a2 is not None and float(a2) > 0:
+                call_ask = float(a2)
+            if put_ask is None and a2 is not None and float(a2) > 0:
+                put_ask = float(a2)
+        except Exception:
+            pass
+    if call_ask is None or put_ask is None or call_ask <= 0 or put_ask <= 0:
+        out["ok"] = True
+        out["detail"] = "已估出场目标；虚值双腿卖一未齐，数量待开仓时再算"
+        out["option_qty_eth"] = None
+        out["sizing_ok"] = False
+        return out
+    fee_rate = ledger.get_setting_float("fee_rate", s.fee_rate)
+    r = compute_oo_sizing(
+        budget=float(budget),
+        call_ask=float(call_ask),
+        put_ask=float(put_ask),
+        fee_rate=fee_rate,
+        index_px=float(idx or 0),
+        cushion=cush,
+        reward_ratio=ratio,
+    )
+    # 出场始终按全额预算×盈亏比；数量估失败仍返回 ok 以便 Plan 展示目标
+    out.update(
+        {
+            "ok": True,
+            "sizing_ok": bool(r.ok),
+            "detail": "ok" if r.ok else str(r.detail or "期期数量未估出"),
+            "option_qty_eth": r.qty_eth if r.ok else None,
+            "call_ask": r.call_ask,
+            "put_ask": r.put_ask,
+            "call_premium": r.call_premium if r.ok else None,
+            "put_premium": r.put_premium if r.ok else None,
+            "max_loss": r.max_loss if r.ok else None,
+            "net_profit_target": exit_target,
+            "index_px": _round2(float(idx)) if idx is not None else None,
+        }
+    )
+    return out

backend/tests/test_oo_selection_sizing.py

@@ -66,6 +66,29 @@ def test_amplitude_range_pct() -> None:
     assert abs(a.range_pct - 3.0) < 1e-9
 
 
+def test_preview_oo_exit_budget_times_ratio(tmp_path, monkeypatch) -> None:
+    monkeypatch.setenv("MODE", "SIM")
+    from app.models.db import Database
+    from app.sim.ledger import Ledger
+    from app.strategy.risk_sizing import _preview_oo_sizing
+
+    db = Database(tmp_path / "oo_prev.db")
+    db.set_setting("hedge_mode", "option_option")
+    db.set_setting("sizing_mode", "risk_based")
+    db.set_setting("risk_loss_mode", "percent")
+    db.set_setting("risk_loss_pct", "1")
+    db.set_setting("risk_capital_source", "manual")
+    db.set_setting("risk_manual_capital_usdt", "10000")
+    db.set_setting("oo_reward_ratio", "2")
+    monkeypatch.setattr("app.strategy.risk_sizing.get_db", lambda: db)
+    # 无 session 盘口时仍应给出 预算×比
+    out = _preview_oo_sizing(db, Ledger(db), {"hedge_mode": "option_option"})
+    assert out.get("ok") is True
+    assert abs(float(out.get("budget") or 0) - 100.0) < 1e-6
+    assert abs(float(out.get("net_profit_target") or 0) - 200.0) < 1e-6
+    db.close()
+
+
 def test_amplitude_max_gate() -> None:
     from app.strategy.oo_selection import build_oo_pick_core
 

frontend/src/pages/Plan.tsx

@@ -208,9 +208,12 @@ export default function PlanPage() {
   const netPnl = pos?.net_pnl ?? 0;
   const movePct = pos?.move_pct ?? 0;
   const ooRatio = Number(plan?.oo_reward_ratio ?? 2);
+  const ooBudget = plan?.risk_sizing_preview?.budget;
   const exitRuleLabel = isOo
     ? exitTarget != null
-      ? `${riskLocked ? "锁定 " : ""}净盈≥${fmt(exitTarget)} U（预算×${fmt(ooRatio, 1)}）`
+      ? `${riskLocked ? "锁定 " : ""}净盈≥${fmt(exitTarget)} U（${
+          ooBudget != null ? `${fmt(ooBudget)}×` : "预算×"
+        }${fmt(ooRatio, 1)}）`
       : `净盈≥预算×${fmt(ooRatio, 1)}（达标只平盈利腿）`
     : exitMode === "premium_multiple"
       ? `权利金×${fmt(plan?.premium_exit_multiple ?? 1, 2)}`