Designing a dynamic options strategy that adjusts to the stock's price fluctuations and allows for systematically harvesting gains while managing losses requires several considerations. Here's a step-by-step approach to structuring such a:

1. Identify the Stock’s Historical Price Range

   • Analyze the stock’s historical price movements to identify its typical range.
   • Determine the support and resistance levels which often entail the price points where the stock tends to reverse its direction.

2. Choose The Options Strategy Foundation:

   • Based on the identified price range of the stock, decide on an initial options strategy that could benefit from expected movements. Strategies might include straddles, strangles, iron condors, or butterflies which are designed to profit from a stock remaining within or moving significantly outside of a specific range.

3. Set Up Trigger Points:

   • Establish trigger points for action based on the stock’s price. These should be informed by the support and resistance levels you identified.
   • Decide on thresholds for gains and losses where parts of the strategy will either be harvested or adjusted.

4. Create Rules Adjustment (Dynamic Component):

   • Define clear rules for when and how you will adjust the strategy. This could involve:
     • Buying back profitable short options to realize gains.
     • Selling additional options to generate income when stock hits certain price levels.
     • Repositioning strikes of the unprofitable parts when they hit certain levels of loss, or them to future expirations.

5. Define Risk Protocols:

   • Determine the maximum acceptable loss for the entire strategy and individual positions. Utilize stop-loss orders or decide on manual monitoring thresholds to limit losses.

6. Backtesting:

   • Before implementation,test your strategy against historical price data to evaluate its potential performance.

7. Implementation

   • Start implementing the strategy by executing the opening trades.
   • Use alerts or option monitoring software to keep track of the stock price and option values.

8. Ongoing and Harvest:

   • Actively manage the trades by the stock’s price action and the value of your options.
   • Harvest gains by closing or rolling profitable positions according to your predefined rules.
   • Adjust the losing parts of the strategy to recover losses or minimize further loss.

9. Review and Adjust:

   • Regularly the performance of the strategy to learn from both profitable and unprofitable outcomes, and adjust your rules if necessary.

It's crucial to note that options trading involves significant risk, and it’s important to be familiar with all aspects of options trading before implementing such a strategy. You should also consider consulting with a financial advisor or an options trading expert to tailor your strategy suitably to your risk tolerance and investment goals. Furthermore, bear in mind that transaction costs are an important aspect of such dynamic strategies and have to be accounted for in any profitability analysis.

Designing a detailed dynamic options strategy tailored for a specific stock requires access to current financial data and expertise in trading, a general-purpose AI cannot perform without real-time data. However, I can outline a generic framework for a dynamic options strategy that you might consider adapting to your needs.

Initial Setup

Choose an Options Strategy Core:

• Based on your analysis of the stock's typical historical range, you might elect to set up an options strategy that profits from this range. A common strategy for such a situation is an Iron Condor. The Iron Condor involves selling an out-of-the-money put spread and selling an out-of-the-money call spread. For example:
  • Sell a at strike A.
  • Buy a put at strike B, below A.
  • Sell a call at strike C.
  • Buy a call strike D, above C.

**Initial Position Sizing:- Start with a small position relative to your capital to ensure diversification and risk management. Determine the size based on the maximum loss you are willing to accept.

Rules for Adjustment

Profit Harvesting:

• Define a profit target for each individual option and the overall position. For example, you may decide to close or roll positions that have achieved 50% of the maximum possible profit.

Risk Management:

• Set a maximum loss threshold for the strategy (e.g., if the total position falls to a loss of 30% of the maximum possible loss, must be made).
• Decide on stop-loss levels for each option leg, as well as the overall position (e.g., 1.5x the premium).

Dynamic Adjustments

Market Rises to Strike C:

• Close call spread by buying back the short call and selling the long call if it reaches a certain percentage of your max loss.
• You can then sell a new call spread with higher strikes to collect more premium and potentially offset losses.

Market Drops to A:

• Close the put spread by buying back the short and selling the long put if it hit a predefined loss level.
• Similar to above, sell new put spread with lower strikes to collect additional premium.

Duration Management:

• Roll positions to the next expiration if within 10-15 days of expiration maintain time decay (theta) in your favor.
• When rolling, reassess the strike levels to match current market conditions.

Ongoing ManagementDaily Monitoring:

• Monitor the portfolio and individual position deltas and make sure they are in line with your risk tolerance.

Adjustment Triggers:

• Have predefined market triggers for reevaluation and adjustment based on technical levels, volatility changes, or time decay.

Transaction Costs and Liquidity

Consider Commissions:

• Keep in mind that every transaction has costs which can erode profits, especially with adjustments.

Ensure Liquidity:

• Choose strikes with good liquidity to minimize the spread between bids and asks and to facilitate easier entry and exit.

Backtesting and Paper Trading

Backtesting:

• Test the strategy using historical data to see how it would have performed in past market conditions, adjusting your strategy according to the results.

Paper Trading:

• Execute your strategy in real-time with a paper trading account to learn and adjust without financial risk.

Personal Adaptation

Finally, tailor all of these suggestions to your situation. No strategy fits all, and individual financial goals, risk tolerance, tax considerations, and even emotions play significant roles.

Please remember to seek advice from a certified financial advisor or options trading specialist before engaging in real trades, as this is a complex strategy and carries significant financial risk. This general framework should be adapted by someone with appropriate expertise who can consider all relevant factors of your specific case.