Add option-option hedge mode with SIM/LIVE parity.

Mutual hedge_mode, amplitude OTM selection, 1:1 risk sizing, win-leg/full close, dual audits and docs.

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

frontend/src/api/client.ts

@@ -304,6 +304,12 @@ export type PlanState = {
     move_pct?: number;
     initial_premium?: number;
     premium_gap?: number;
+    hedge_mode?: string;
+    option2_inst_id?: string;
+    option2_upl?: number;
+    option2_entry_px?: number;
+    option2_qty_eth?: number;
+    strike2?: number | null;
   };
   residuals?: {
     group_id: string;
@@ -341,6 +347,7 @@ export type PlanState = {
   martingale_loss_days?: number;
   risk_effective_loss_pct?: number;
   risk_loss_pct?: number;
+  hedge_mode?: "perp_option" | "option_option";
   sizing_mode?: "manual" | "risk_based";
   risk_based?: boolean;
   ledger: { equity: number; available: number; reserved: number };
@@ -388,6 +395,13 @@ export type StrategySettings = {
   martingale_enabled?: boolean;
   martingale_start_after_loss_days?: number;
   martingale_max_doubles?: number;
+  hedge_mode?: "perp_option" | "option_option";
+  oo_amplitude_pct?: number;
+  oo_amplitude_hours?: number;
+  oo_min_option_hours?: number;
+  oo_min_leverage?: number;
+  oo_reward_ratio?: number;
+  oo_budget_cushion?: number;
   exchange?: string;
 };
 

frontend/src/pages/Plan.tsx

@@ -213,7 +213,7 @@ export default function PlanPage() {
   const riskRatioLabel = `比例${Number(plan?.risk_perp_unit ?? 1)}:${Number(plan?.risk_option_unit ?? 2)}`;
   const sizingModeLabel = riskBased
     ? [
-        "以损定仓",
+        plan?.hedge_mode === "option_option" ? "期期对冲" : "以损定仓",
         riskRatioLabel,
         plan?.risk_last_k != null ? `k=${fmt(plan.risk_last_k, 1)}` : null,
         riskLocked
@@ -236,7 +236,9 @@ export default function PlanPage() {
       ]
         .filter(Boolean)
         .join("  ")
-    : "手动仓位";
+    : plan?.hedge_mode === "option_option"
+      ? "期期对冲"
+      : "手动仓位";
   const phaseLabel = PHASE_ZH[plan?.phase || ""] || plan?.phase || "—";
   const atmRule = plan?.fixed_direction_enabled
     ? plan?.fixed_perp_side === "short"
@@ -581,6 +583,57 @@ export default function PlanPage() {
           <div className="plan-positions">
             {open ? (
               <>
+                {plan?.hedge_mode === "option_option" ||
+                pos?.hedge_mode === "option_option" ||
+                pos?.option2_inst_id ? (
+                  <div className="pos-card">
+                    <div className="pos-card-head">
+                      <div className="pos-card-symbol">
+                        <strong>
+                          {pos?.option_inst_id || "Call"}
+                        </strong>
+                        <span className="pos-side-badge pos-side-long">
+                          看涨 Call
+                        </span>
+                      </div>
+                    </div>
+                    <div className="pos-meta">
+                      <span className="pos-meta-item">期期 · Call</span>
+                      <span className="pos-meta-item">组 {pos?.group_id}</span>
+                      <span className="pos-meta-item mono">
+                        数量 {fmt(pos?.option_qty_eth, 1)} ETH
+                      </span>
+                    </div>
+                    <div className="pos-grid">
+                      <div className="pos-cell">
+                        <span className="pos-label">开仓价</span>
+                        <span className="pos-value mono">
+                          {fmt(pos?.option_entry_px)}
+                        </span>
+                      </div>
+                      <div className="pos-cell">
+                        <span className="pos-label">浮盈亏</span>
+                        <span
+                          className={`pos-value mono ${pnlClass(pos?.option_upl)}`}
+                        >
+                          {fmt(pos?.option_upl)}
+                        </span>
+                      </div>
+                      <div className="pos-cell">
+                        <span className="pos-label">行权价</span>
+                        <span className="pos-value mono">
+                          {fmt(pos?.strike, 0)}
+                        </span>
+                      </div>
+                      <div className="pos-cell">
+                        <span className="pos-label">持仓时长</span>
+                        <span className="pos-value mono">
+                          {holdDurationLabel}
+                        </span>
+                      </div>
+                    </div>
+                  </div>
+                ) : (
                 <div className="pos-card">
                   <div className="pos-card-head">
                     <div className="pos-card-symbol">
@@ -649,19 +702,32 @@ export default function PlanPage() {
                     </div>
                   </div>
                 </div>
+                )}
 
                 <div className="pos-card">
                   <div className="pos-card-head">
                     <div className="pos-card-symbol">
-                      <strong>{pos?.option_inst_id || "期权"}</strong>
+                      <strong>
+                        {plan?.hedge_mode === "option_option" ||
+                        pos?.option2_inst_id
+                          ? pos?.option2_inst_id || "Put"
+                          : pos?.option_inst_id || "期权"}
+                      </strong>
                       <span
                         className={
+                          plan?.hedge_mode === "option_option" ||
+                          pos?.option2_inst_id ||
                           pos?.option_side === "call"
                             ? "pos-side-badge pos-side-long"
                             : "pos-side-badge pos-side-short"
                         }
                       >
-                        {pos?.option_side === "call" ? "看涨 Call" : "看跌 Put"}
+                        {plan?.hedge_mode === "option_option" ||
+                        pos?.option2_inst_id
+                          ? "看跌 Put"
+                          : pos?.option_side === "call"
+                            ? "看涨 Call"
+                            : "看跌 Put"}
                       </span>
                     </div>
                     <div

frontend/src/pages/Settings.tsx

@@ -108,6 +108,14 @@ export default function SettingsPage() {
   const [martingaleOn, setMartingaleOn] = useState(false);
   const [martingaleStartAfter, setMartingaleStartAfter] = useState(2);
   const [martingaleMaxDoubles, setMartingaleMaxDoubles] = useState(3);
+  const [hedgeMode, setHedgeMode] = useState<"perp_option" | "option_option">(
+    "perp_option",
+  );
+  const [ooAmpPct, setOoAmpPct] = useState(1.5);
+  const [ooAmpHours, setOoAmpHours] = useState(12);
+  const [ooMinHours, setOoMinHours] = useState(24);
+  const [ooMinLev, setOoMinLev] = useState(200);
+  const [ooRewardRatio, setOoRewardRatio] = useState(2);
   const [riskPreview, setRiskPreview] = useState<Record<string, unknown> | null>(
     null,
   );
@@ -221,6 +229,14 @@ export default function SettingsPage() {
         setMartingaleOn(s.martingale_enabled === true);
         setMartingaleStartAfter(s.martingale_start_after_loss_days ?? 2);
         setMartingaleMaxDoubles(s.martingale_max_doubles ?? 3);
+        setHedgeMode(
+          s.hedge_mode === "option_option" ? "option_option" : "perp_option",
+        );
+        setOoAmpPct(s.oo_amplitude_pct ?? 1.5);
+        setOoAmpHours(s.oo_amplitude_hours ?? 12);
+        setOoMinHours(s.oo_min_option_hours ?? 24);
+        setOoMinLev(s.oo_min_leverage ?? 200);
+        setOoRewardRatio(s.oo_reward_ratio ?? 2);
         setRiskPreview(
           s.risk_sizing_preview && typeof s.risk_sizing_preview === "object"
             ? s.risk_sizing_preview
@@ -389,6 +405,12 @@ export default function SettingsPage() {
           martingaleOn,
         martingale_start_after_loss_days: martingaleStartAfter,
         martingale_max_doubles: martingaleMaxDoubles,
+        hedge_mode: hedgeMode,
+        oo_amplitude_pct: ooAmpPct,
+        oo_amplitude_hours: ooAmpHours,
+        oo_min_option_hours: ooMinHours,
+        oo_min_leverage: ooMinLev,
+        oo_reward_ratio: ooRewardRatio,
         exchange,
       };
       // 以损定仓不提交手填名义/出场，避免禁用输入框脏值导致 422
@@ -682,12 +704,113 @@ export default function SettingsPage() {
                       <option value="isolated">逐仓</option>
                     </select>
                   </div>
+                  <div className="field">
+                    <label htmlFor="hedgeMode">对冲模式</label>
+                    <select
+                      id="hedgeMode"
+                      className="mono"
+                      value={hedgeMode}
+                      onChange={(e) => {
+                        const v =
+                          e.target.value === "option_option"
+                            ? "option_option"
+                            : "perp_option";
+                        setHedgeMode(v);
+                        if (v === "option_option") {
+                          setSizingMode("risk_based");
+                          setRiskLossMode("percent");
+                          setFixedDirOn(false);
+                        }
+                      }}
+                    >
+                      <option value="perp_option">永期对冲（永续+期权）</option>
+                      <option value="option_option">期期对冲（双期权）</option>
+                    </select>
+                    <p className="hint" style={{ margin: "0.35rem 0 0" }}>
+                      二选一。期期：近 N 小时振幅高低匹配虚值 Call/Put；达标只平盈利腿。
+                    </p>
+                  </div>
+                  {hedgeMode === "option_option" ? (
+                    <>
+                      <div className="field">
+                        <label htmlFor="ooAmp">振幅最小（%）</label>
+                        <input
+                          id="ooAmp"
+                          className="mono"
+                          type="number"
+                          step="0.1"
+                          min="0.1"
+                          value={ooAmpPct}
+                          onChange={(e) => setOoAmpPct(Number(e.target.value))}
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="ooAmpH">振幅回看（小时）</label>
+                        <input
+                          id="ooAmpH"
+                          className="mono"
+                          type="number"
+                          step="1"
+                          min="1"
+                          value={ooAmpHours}
+                          onChange={(e) =>
+                            setOoAmpHours(Number(e.target.value))
+                          }
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="ooMinH">最短剩余到期（小时）</label>
+                        <input
+                          id="ooMinH"
+                          className="mono"
+                          type="number"
+                          step="1"
+                          min="1"
+                          value={ooMinHours}
+                          onChange={(e) =>
+                            setOoMinHours(Number(e.target.value))
+                          }
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="ooLev">单腿最低杠杆</label>
+                        <input
+                          id="ooLev"
+                          className="mono"
+                          type="number"
+                          step="1"
+                          min="1"
+                          value={ooMinLev}
+                          onChange={(e) => setOoMinLev(Number(e.target.value))}
+                        />
+                      </div>
+                      <div className="field">
+                        <label htmlFor="ooRR">盈亏比</label>
+                        <input
+                          id="ooRR"
+                          className="mono"
+                          type="number"
+                          step="0.1"
+                          min="0.5"
+                          value={ooRewardRatio}
+                          onChange={(e) =>
+                            setOoRewardRatio(Number(e.target.value))
+                          }
+                        />
+                        <p className="hint" style={{ margin: "0.35rem 0 0" }}>
+                          目标盈利 = 以损预算 × 盈亏比（例预算 100U、比 2 → 目标
+                          200U）。两腿 1:1 平分预算。
+                        </p>
+                      </div>
+                    </>
+                  ) : null}
                   <div className="field">
                     <label htmlFor="sizingMode">定仓模式</label>
                     <select
                       id="sizingMode"
                       className="mono"
                       value={sizingMode}
+                      disabled={hedgeMode === "option_option"}
                       onChange={(e) =>
                         setSizingMode(
                           e.target.value === "risk_based"