Prospective options observation · Alpaca paper only

Paper Trading Dashboard

Every trade must pass its frozen strategy signal, execution-quality requirements, and the central portfolio-risk check. A good option structure by itself cannot create an order.

CURRENT STATE

Paper observation active

Last broker refresh: 10/19 at 2:05 PM ET. Public projection of TradeMight paper activity only. Account identifiers, broker order IDs, credentials, and licensed quote rows are excluded.

No live-order capability

$92,989.49Started at $100,000.00

Paper P&L$-7,010.51Open and realized account change

-7.01%Since prospective observation began

-9.13%Peak-to-trough paper equity

$14,313.30+15.39% of paper equity

Observed decisions2219 qualified signals

Open positions2TradeMight paper positions only

10Prospective exits only

+20.00%Shown only after completed trades

0.15Gross paper profit divided by gross paper loss

Shadow risk assessments

Hold, Review, and Exit are observation-only research labels. They combine macro, position, and portfolio conditions but have zero authority to submit, modify, or close an order. V1.3 executable-premium exits are a separate, frozen central-risk rule and do have paper exit authority.

LC1 · Bull-Trend Long Call Exit · observed 10/19 at 2:05 PM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$767.30Alpaca IEX snapshot

Expiration break-even$774.53

Unrealized paper P&L$-506.00

Unrealized P&L / equity-0.54%

Portfolio drawdown-7.72%

Days to expiration11

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.12%	Adverse
Macro	Price vs frozen SMA50	+0.19%	Not adverse
Macro	Price vs frozen SMA200	+6.19%	Not adverse
Macro	Completed-session 20-day momentum	+0.11%	Not adverse
Macro	Completed-session VIX term ratio	0.89	Not adverse
Position	SPY relative to expiration break-even	$-7.22	Adverse
Position	Days to expiration	11	Not adverse
Portfolio	Current drawdown	-7.72%	Adverse
Position	Unrealized P&L as a share of equity	-0.54%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$728.94	$-3,906.00
-10.00%	$690.57	$-3,906.00
-20.00%	$613.84	$-3,906.00

This shadow summary has no order authority. Paper Risk Overlay v1.3 separately enforces approved executable-premium exits for v1.3 net-debit entries; completed-session indicators may lag intraday conditions.

CSP1W · Cash-Secured Put — Weekly Exit · observed 10/19 at 2:05 PM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$767.30Alpaca IEX snapshot

Expiration break-even$752.21

Unrealized paper P&L$-239.00

Unrealized P&L / equity-0.26%

Portfolio drawdown-7.72%

Days to expiration25

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.09%	Adverse
Macro	Price vs frozen SMA50	-0.04%	Adverse
Macro	Price vs frozen SMA200	+6.13%	Not adverse
Macro	Completed-session 20-day momentum	+1.87%	Not adverse
Macro	Completed-session VIX term ratio	0.84	Not adverse
Position	SPY relative to expiration break-even	$15.10	Not adverse
Position	Days to expiration	25	Not adverse
Portfolio	Current drawdown	-7.72%	Adverse
Position	Unrealized P&L as a share of equity	-0.26%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$728.94	$-2,327.02
-10.00%	$690.57	$-6,163.55
-20.00%	$613.84	$-13,836.60

LC1W · Bull-Trend Long Call — Weekly Exit · observed 10/16 at 5:30 PM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$763.31Alpaca IEX snapshot

Expiration break-even$781.21

Unrealized paper P&L$-1,456.00

Unrealized P&L / equity-1.59%

Portfolio drawdown-8.86%

Days to expiration28

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.20%	Adverse
Macro	Price vs frozen SMA50	-0.05%	Adverse
Macro	Price vs frozen SMA200	+5.95%	Not adverse
Macro	Completed-session 20-day momentum	-0.46%	Adverse
Macro	Completed-session VIX term ratio	0.85	Not adverse
Position	SPY relative to expiration break-even	$-17.90	Adverse
Position	Days to expiration	28	Not adverse
Portfolio	Current drawdown	-8.86%	Adverse
Position	Unrealized P&L as a share of equity	-1.59%	Adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$725.14	$-5,242.00
-10.00%	$686.98	$-5,242.00
-20.00%	$610.65	$-5,242.00

LC1W · Bull-Trend Long Call — Weekly Exit · observed 10/14 at 3:05 PM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$767.16Alpaca IEX snapshot

Expiration break-even$787.91

Unrealized paper P&L$-1,690.00

Unrealized P&L / equity-1.81%

Portfolio drawdown-7.47%

Days to expiration30

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.11%	Adverse
Macro	Price vs frozen SMA50	-0.06%	Adverse
Macro	Price vs frozen SMA200	+6.11%	Not adverse
Macro	Completed-session 20-day momentum	+1.87%	Not adverse
Macro	Completed-session VIX term ratio	0.84	Not adverse
Position	SPY relative to expiration break-even	$-20.76	Adverse
Position	Days to expiration	30	Not adverse
Portfolio	Current drawdown	-7.47%	Adverse
Position	Unrealized P&L as a share of equity	-1.81%	Adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$728.80	$-4,982.00
-10.00%	$690.44	$-4,982.00
-20.00%	$613.72	$-4,982.00

BWB1W · Call Broken-Wing Butterfly — Weekly Hold · observed 10/09 at 5:30 PM ET

Observation only · zero execution impact

Hold

No multi-factor shadow exit condition is currently present.

SPY assessment input$778.60Alpaca IEX snapshot

Expiration break-even$776.16

Unrealized paper P&L$816.00

Unrealized P&L / equity+0.83%

Portfolio drawdown-2.05%

Days to expiration28

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	+1.80%	Not adverse
Macro	Price vs frozen SMA50	+1.95%	Not adverse
Macro	Price vs frozen SMA200	+8.07%	Not adverse
Macro	Completed-session 20-day momentum	-0.46%	Adverse
Macro	Completed-session VIX term ratio	0.85	Not adverse
Position	SPY relative to expiration break-even	$2.44	Not adverse
Position	Days to expiration	28	Not adverse
Portfolio	Current drawdown	-2.05%	Not adverse
Position	Unrealized P&L as a share of equity	+0.83%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$739.67	$-4,864.00
-10.00%	$700.74	$-4,864.00
-20.00%	$622.88	$-4,864.00

CSP1W · Cash-Secured Put — Weekly Exit · observed 10/02 at 5:30 PM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$769.72Alpaca IEX snapshot

Expiration break-even$737.90

Unrealized paper P&L$207.00

Unrealized P&L / equity+0.22%

Portfolio drawdown-5.05%

Days to expiration21

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	+0.74%	Not adverse
Macro	Price vs frozen SMA50	+1.35%	Not adverse
Macro	Price vs frozen SMA200	+7.50%	Not adverse
Macro	Completed-session 20-day momentum	-0.12%	Adverse
Macro	Completed-session VIX term ratio	0.81	Not adverse
Position	SPY relative to expiration break-even	$31.82	Not adverse
Position	Days to expiration	21	Not adverse
Portfolio	Current drawdown	-5.05%	Adverse
Position	Unrealized P&L as a share of equity	+0.22%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$731.23	$-666.60
-10.00%	$692.75	$-4,515.20
-20.00%	$615.78	$-12,212.40

LC1W · Bull-Trend Long Call — Weekly Exit · observed 10/01 at 10:05 AM ET

Observation only · zero execution impact

Exit

Portfolio drawdown crossed the shadow 5% emergency-review threshold.

SPY assessment input$760.10Alpaca IEX snapshot

Expiration break-even$782.46

Unrealized paper P&L$-1,568.00

Unrealized P&L / equity-1.66%

Portfolio drawdown-6.16%

Days to expiration29

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.66%	Adverse
Macro	Price vs frozen SMA50	-0.17%	Adverse
Macro	Price vs frozen SMA200	+5.82%	Not adverse
Macro	Completed-session 20-day momentum	+0.03%	Not adverse
Macro	Completed-session VIX term ratio	0.83	Not adverse
Position	SPY relative to expiration break-even	$-22.36	Adverse
Position	Days to expiration	29	Not adverse
Portfolio	Current drawdown	-6.16%	Adverse
Position	Unrealized P&L as a share of equity	-1.66%	Adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$722.10	$-4,984.00
-10.00%	$684.09	$-4,984.00
-20.00%	$608.08	$-4,984.00

BWB1W · Call Broken-Wing Butterfly — Weekly Review · observed 09/25 at 5:30 PM ET

Observation only · zero execution impact

Review

Review the position; the overlay found elevated risk, but no unvalidated rule may close it.

SPY assessment input$771.21Alpaca IEX snapshot

Expiration break-even$768.54

Unrealized paper P&L$-58.00

Unrealized P&L / equity-0.06%

Portfolio drawdown-4.00%

Days to expiration28

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	+0.94%	Not adverse
Macro	Price vs frozen SMA50	+1.55%	Not adverse
Macro	Price vs frozen SMA200	+7.71%	Not adverse
Macro	Completed-session 20-day momentum	-0.12%	Adverse
Macro	Completed-session VIX term ratio	0.81	Not adverse
Position	SPY relative to expiration break-even	$2.67	Not adverse
Position	Days to expiration	28	Not adverse
Portfolio	Current drawdown	-4.00%	Adverse
Position	Unrealized P&L as a share of equity	-0.06%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$732.65	$-1,254.00
-10.00%	$694.09	$-1,254.00
-20.00%	$616.97	$-1,254.00

LC1W · Bull-Trend Long Call — Weekly Review · observed 09/24 at 9:36 AM ET

Observation only · zero execution impact

Review

Review the position; the overlay found elevated risk, but no unvalidated rule may close it.

SPY assessment input$764.91Alpaca IEX snapshot

Expiration break-even$783.69

Unrealized paper P&L$-1,899.00

Unrealized P&L / equity-1.97%

Portfolio drawdown-4.16%

Days to expiration29

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-0.09%	Adverse
Macro	Price vs frozen SMA50	+0.51%	Not adverse
Macro	Price vs frozen SMA200	+6.59%	Not adverse
Macro	Completed-session 20-day momentum	+1.02%	Not adverse
Macro	Completed-session VIX term ratio	0.82	Not adverse
Position	SPY relative to expiration break-even	$-18.78	Adverse
Position	Days to expiration	29	Not adverse
Portfolio	Current drawdown	-4.16%	Adverse
Position	Unrealized P&L as a share of equity	-1.97%	Adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$726.66	$-5,607.00
-10.00%	$688.42	$-5,607.00
-20.00%	$611.93	$-5,607.00

LC1W · Bull-Trend Long Call — Weekly Review · observed 09/15 at 9:36 AM ET

Observation only · zero execution impact

Review

Review the position; the overlay found elevated risk, but no unvalidated rule may close it.

SPY assessment input$759.38Alpaca IEX snapshot

Expiration break-even$775.71

Unrealized paper P&L$-826.00

Unrealized P&L / equity-0.84%

Portfolio drawdown-2.22%

Days to expiration15

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-1.31%	Adverse
Macro	Price vs frozen SMA50	+0.69%	Not adverse
Macro	Price vs frozen SMA200	+6.94%	Not adverse
Macro	Completed-session 20-day momentum	+2.99%	Not adverse
Macro	Completed-session VIX term ratio	Not available	Not available
Position	SPY relative to expiration break-even	$-16.32	Adverse
Position	Days to expiration	15	Not adverse
Portfolio	Current drawdown	-2.22%	Not adverse
Position	Unrealized P&L as a share of equity	-0.84%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$721.42	$-1,571.00
-10.00%	$683.45	$-1,571.00
-20.00%	$607.51	$-1,571.00

Shadow research only. No automatic order changes. Completed-session indicators may lag intraday conditions; option Greeks and executable exit liquidity are not yet inputs.

BWB1W · Call Broken-Wing Butterfly — Weekly Review · observed 09/15 at 9:36 AM ET

Observation only · zero execution impact

Review

Review the position; the overlay found elevated risk, but no unvalidated rule may close it.

SPY assessment input$759.38Alpaca IEX snapshot

Expiration break-even$772.36

Unrealized paper P&L$-630.00

Unrealized P&L / equity-0.64%

Portfolio drawdown-2.22%

Days to expiration15

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-1.31%	Adverse
Macro	Price vs frozen SMA50	+0.69%	Not adverse
Macro	Price vs frozen SMA200	+6.94%	Not adverse
Macro	Completed-session 20-day momentum	+2.99%	Not adverse
Macro	Completed-session VIX term ratio	Not available	Not available
Position	SPY relative to expiration break-even	$-12.98	Adverse
Position	Days to expiration	15	Not adverse
Portfolio	Current drawdown	-2.22%	Not adverse
Position	Unrealized P&L as a share of equity	-0.64%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$721.42	$-1,472.00
-10.00%	$683.45	$-1,472.00
-20.00%	$607.51	$-1,472.00

Shadow research only. No automatic order changes. Completed-session indicators may lag intraday conditions; option Greeks and executable exit liquidity are not yet inputs.

CSP1W · Cash-Secured Put — Weekly Review · observed 09/15 at 9:36 AM ET Risk exception

Observation only · zero execution impact

Review

This legacy paper position exceeds the new 2% entry-risk cap and remains under its original frozen exit plan.

SPY assessment input$759.38Alpaca IEX snapshot

Expiration break-even$746.18

Unrealized paper P&L$-21.00

Unrealized P&L / equity-0.02%

Portfolio drawdown-2.22%

Days to expiration15

Macro, position, and portfolio checks

Scope	Check	Observed value	State
Macro	Price vs frozen SMA20	-1.31%	Adverse
Macro	Price vs frozen SMA50	+0.69%	Not adverse
Macro	Price vs frozen SMA200	+6.94%	Not adverse
Macro	Completed-session 20-day momentum	+2.99%	Not adverse
Macro	Completed-session VIX term ratio	Not available	Not available
Position	SPY relative to expiration break-even	$13.20	Not adverse
Position	Days to expiration	15	Not adverse
Portfolio	Current drawdown	-2.22%	Not adverse
Position	Unrealized P&L as a share of equity	-0.02%	Not adverse

Expiration stress—not a forecast

SPY move	Stressed SPY	Expiration P&L
-5.00%	$721.42	$-2,476.42
-10.00%	$683.45	$-6,273.35
-20.00%	$607.51	$-13,867.20

Shadow research only. No automatic order changes. Completed-session indicators may lag intraday conditions; option Greeks and executable exit liquidity are not yet inputs.

Trades and positions

Strategy	Qty	Entry	Max profit	Break-even	Reserved risk	Exit rule	Status
Covered Call — WeeklyDecision 10/09	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Bull-Trend Long Call — WeeklyDecision 10/09 · Entered 10/12	2	$24.91Debit	Unlimited	SPY $787.91Expires 11/13	$1,763.76+1.78% planned loss · 35% sizing$5,039.30 premium · $5,039.30 tail maximum	≤10 sessions / 7 DTE	Closed
Cash-Secured Put — WeeklyDecision 10/09 · Entered 10/12	1	$4.79Credit	$479.00	SPY $752.21Expires 11/13	$12,943.65+13.10% stress risk · +20.00% shock$75,231.65 theoretical · $75,231.65 collateral	≤10 sessions / 7 DTE	Open
Cash-Secured Put — WeeklyDecision 10/02	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Call Broken-Wing Butterfly — WeeklyDecision 10/02 · Entered 10/05	4	$12.16Debit	$4,736.00	SPY $776.16Expires 11/06	$1,706.04+1.78% planned loss · 35% sizing$4,874.40 premium · $4,874.40 tail maximum	≤10 sessions / 7 DTE	Closed
Covered Call — WeeklyDecision 10/02	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Bull-Trend Long Call — WeeklyDecision 10/02 · Entered 10/05	2	$26.21Debit	Unlimited	SPY $781.21Expires 11/13	$1,835.16+1.91% planned loss · 35% sizing$5,243.30 premium · $5,243.30 tail maximum	≤10 sessions / 7 DTE	Closed
Bull-Trend Long CallDecision 09/30 · Entered 10/01	2	$19.53Debit	Unlimited	SPY $774.53Expires 10/30	$1,369.66+1.43% planned loss · 35% sizing$3,913.30 premium · $3,913.30 tail maximum	≤20 sessions / 7 DTE	Open
Covered Call — WeeklyDecision 09/25	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Cash-Secured Put — WeeklyDecision 09/25	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Bull-Trend Long Call — WeeklyDecision 09/25 · Entered 09/28	4	$12.46Debit	Unlimited	SPY $782.46Expires 10/30	$1,745.31+1.80% planned loss · 35% sizing$4,986.60 premium · $4,986.60 tail maximum	≤10 sessions / 7 DTE	Closed
Bull-Trend Long Call — WeeklyDecision 09/18 · Entered 09/22	3	$18.69Debit	Unlimited	SPY $783.69Expires 10/23	$1,967.33+1.99% planned loss · 35% sizing$5,620.95 premium · $5,620.95 tail maximum	≤10 sessions / 7 DTE	Closed
Call Broken-Wing Butterfly — WeeklyDecision 09/18 · Entered 09/21	1	$12.54Debit	$946.00	SPY $768.54Expires 10/23	$1,278.60+1.30% of equity	≤10 sessions / 7 DTE	Closed
Cash-Secured Put — WeeklyDecision 09/18 · Entered 09/21	1	$4.10Credit	$410.00	SPY $737.90Expires 10/23	$12,881.25+13.07% stress risk · +20.00% shock$73,795.65 theoretical · $73,795.65 collateral	≤10 sessions / 7 DTE	Closed
Bull-Trend Long Call — WeeklyDecision 09/18	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Covered Call — WeeklyDecision 09/18	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Covered Call — WeeklyDecision 08/28	Not filled	Not measuredNot opened	Not measured	Not measuredNo position	Not measured	≤10 sessions / 7 DTE	Blocked
Bull-Trend Long Call — WeeklyDecision 08/28 · Entered 08/31	1	$15.71Debit	Unlimited	SPY $775.71Expires 09/30	$1,580.65Not measured of equity	≤10 sessions / 7 DTE	Closed
Call Broken-Wing Butterfly — WeeklyDecision 08/28 · Entered 08/31	2	$7.36Debit	$2,328.00	SPY $772.36Expires 09/30	$1,483.20Not measured of equity	≤10 sessions / 7 DTE	Closed
Cash-Secured Put — WeeklyDecision 08/28 · Entered 08/31	1	$5.82Credit	$582.00	SPY $746.18Expires 09/30	$74,626.65Not measured of equity	≤10 sessions / 7 DTE	Closed

Why TradeMight traded—or skipped

The latest strategy record is open below. Each record contains its qualification checks, market context, contract, entry plan, exit plan, and risk limit.

CC1W · Covered Call — Weekly 10/09 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-11-13 796.0 call

Actual +16.92% · required > 0PASS

Actual +7.70% · required > 0PASS

Actual 1.238604357607368538338479303 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

55.58

+1.16%

+1.87%

+0.80%

+1.38%

+1.43%

+7.70%

0.50×

14.84

0.84

ENTRY PLAN

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

LC1W · Bull-Trend Long Call — Weekly 10/09 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-11-13 763.0 call

Actual +4.18% · required > 0PASS

Actual +16.92% · required > 0PASS

Actual +7.70% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

55.58

+1.16%

+1.87%

+0.80%

+1.38%

+1.43%

+7.70%

0.50×

14.84

0.84

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

CSP1W · Cash-Secured Put — Weekly 10/09 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-11-13 757.0 put

Actual +16.92% · required > 0PASS

Actual +7.70% · required > 0PASS

Actual 1.238604357607368538338479303 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

55.58

+1.16%

+1.87%

+0.80%

+1.38%

+1.43%

+7.70%

0.50×

14.84

0.84

ENTRY PLAN

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

BWB1W · Call Broken-Wing Butterfly — Weekly 10/09 · No trade View checks & plansHide details

The signal passed, but no complete liquid structure matched the frozen contract rules. Contract: No contract selected

Actual +4.18% · required > 0PASS

Actual +16.92% · required > 0PASS

Actual +7.70% · required > 0PASS

Actual 1.238604357607368538338479303 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

55.58

+1.16%

+1.87%

+0.80%

+1.38%

+1.43%

+7.70%

0.50×

14.84

0.84

ENTRY PLAN

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

CSP1W · Cash-Secured Put — Weekly 10/02 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-11-06 751.0 put

Actual +16.38% · required > 0PASS

Actual +6.82% · required > 0PASS

Actual 1.249413850185453374404422084 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

58.06

-0.22%

-0.46%

+0.93%

+0.63%

+0.78%

+6.82%

1.00×

15.31

0.85

ENTRY PLAN

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

BWB1W · Call Broken-Wing Butterfly — Weekly 10/02 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-11-06 764.0 call; sell 2× SPY 2026-11-06 788.0 call; buy 1× SPY 2026-11-06 790.0 call

Actual +2.70% · required > 0PASS

Actual +16.38% · required > 0PASS

Actual +6.82% · required > 0PASS

Actual 1.249413850185453374404422084 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

58.06

-0.22%

-0.46%

+0.93%

+0.63%

+0.78%

+6.82%

1.00×

15.31

0.85

ENTRY PLAN

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

CC1W · Covered Call — Weekly 10/02 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-11-06 790.0 call

Actual +16.38% · required > 0PASS

Actual +6.82% · required > 0PASS

Actual 1.249413850185453374404422084 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

58.06

-0.22%

-0.46%

+0.93%

+0.63%

+0.78%

+6.82%

1.00×

15.31

0.85

ENTRY PLAN

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

LC1W · Bull-Trend Long Call — Weekly 10/02 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-11-13 755.0 call

Actual +2.70% · required > 0PASS

Actual +16.38% · required > 0PASS

Actual +6.82% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

58.06

-0.22%

-0.46%

+0.93%

+0.63%

+0.78%

+6.82%

1.00×

15.31

0.85

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

LC1 · Bull-Trend Long Call 09/30 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-10-30 755.0 call

Actual +2.52% · required > 0PASS

Actual +16.15% · required > 0PASS

Actual +5.98% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

54.20

-0.67%

+0.11%

+0.93%

-0.32%

-0.01%

+5.98%

1.36×

16.34

0.89

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 20 regular sessions, at 7 DTE, or after the next monthly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

PV1 · Bear-Trend Put Debit Vertical 09/30 · No trade View checks & plansHide details

One or more frozen market-signal thresholds did not pass. Contract: No contract selected

Actual +2.52% · required < 0FAIL

Actual +16.15% · required < 0FAIL

Actual +5.98% · required < 0FAIL

Observation-only market context

Recorded for attribution · does not change this strategy's signal

54.20

-0.67%

+0.11%

+0.93%

-0.32%

-0.01%

+5.98%

1.36×

16.34

0.89

ENTRY PLAN

30–45 DTE put vertical: long near −0.60 delta and short near −0.30 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 20 regular sessions, at 7 DTE, or after the next monthly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

BWB1W · Call Broken-Wing Butterfly — Weekly 09/25 · No trade View checks & plansHide details

The signal passed, but no complete liquid structure matched the frozen contract rules. Contract: No contract selected

Actual +6.07% · required > 0PASS

Actual +17.94% · required > 0PASS

Actual +7.36% · required > 0PASS

Actual 1.140302449799522766966461906 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

50.95

+1.27%

+0.03%

+0.89%

+0.78%

+1.28%

+7.36%

0.81×

14.87

0.83

ENTRY PLAN

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

CC1W · Covered Call — Weekly 09/25 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-10-30 788.0 call

Actual +17.94% · required > 0PASS

Actual +7.36% · required > 0PASS

Actual 1.140302449799522766966461906 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

50.95

+1.27%

+0.03%

+0.89%

+0.78%

+1.28%

+7.36%

0.81×

14.87

0.83

ENTRY PLAN

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

CSP1W · Cash-Secured Put — Weekly 09/25 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-10-30 749.0 put

Actual +17.94% · required > 0PASS

Actual +7.36% · required > 0PASS

Actual 1.140302449799522766966461906 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

50.95

+1.27%

+0.03%

+0.89%

+0.78%

+1.28%

+7.36%

0.81×

14.87

0.83

ENTRY PLAN

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Not applicable to this collateralized structure.

LC1W · Bull-Trend Long Call — Weekly 09/25 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-10-30 770.0 call

Actual +6.07% · required > 0PASS

Actual +17.94% · required > 0PASS

Actual +7.36% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

50.95

+1.27%

+0.03%

+0.89%

+0.78%

+1.28%

+7.36%

0.81×

14.87

0.83

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

Exit at a 25% executable premium loss when the completed-session trend is invalidated, or at a 30% executable premium loss regardless of trend.

BWB1W · Call Broken-Wing Butterfly — Weekly 09/18 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-10-23 756.0 call; sell 2× SPY 2026-10-23 778.0 call; buy 1× SPY 2026-10-23 781.0 call

Actual +2.00% · required > 0PASS

Actual +16.83% · required > 0PASS

Actual +6.34% · required > 0PASS

Actual 1.346390885197805001746947365 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

43.67

-0.34%

-0.12%

+0.86%

-0.34%

+0.26%

+6.34%

1.59×

14.81

0.81

ENTRY PLAN

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum modeled loss no greater than 2% of start-day total paper equity

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

CSP1W · Cash-Secured Put — Weekly 09/18 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-10-23 742.0 put

Actual +16.83% · required > 0PASS

Actual +6.34% · required > 0PASS

Actual 1.346390885197805001746947365 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

43.67

-0.34%

-0.12%

+0.86%

-0.34%

+0.26%

+6.34%

1.59×

14.81

0.81

ENTRY PLAN

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

LC1W · Bull-Trend Long Call — Weekly 09/18 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-10-30 744.0 call

Actual +2.00% · required > 0PASS

Actual +16.83% · required > 0PASS

Actual +6.34% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

43.67

-0.34%

-0.12%

+0.86%

-0.34%

+0.26%

+6.34%

1.59×

14.81

0.81

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum modeled loss no greater than 2% of start-day total paper equity

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

CC1W · Covered Call — Weekly 09/18 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-10-23 781.0 call

Actual +16.83% · required > 0PASS

Actual +6.34% · required > 0PASS

Actual 1.346390885197805001746947365 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

43.67

-0.34%

-0.12%

+0.86%

-0.34%

+0.26%

+6.34%

1.59×

14.81

0.81

ENTRY PLAN

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

CC1W · Covered Call — Weekly 08/28 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-09-30 791.0 call

Actual +20.30% · required > 0PASS

Actual +8.38% · required > 0PASS

Actual 1.113306483153544360301156700 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

45.72

+0.47%

+2.99%

+0.66%

+0.02%

+2.04%

+8.38%

0.93×

Not available

ENTRY PLAN

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Full cash/share collateral under the 100% gross cap

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

LC1W · Bull-Trend Long Call — Weekly 08/28 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-09-30 760.0 call

Actual +1.96% · required > 0PASS

Actual +20.30% · required > 0PASS

Actual +8.38% · required > 0PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

45.72

+0.47%

+2.99%

+0.66%

+0.02%

+2.04%

+8.38%

0.93×

Not available

ENTRY PLAN

Liquid 30–45 DTE call nearest +0.70 delta

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum modeled loss no greater than 2% of start-day total paper equity

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

BWB1W · Call Broken-Wing Butterfly — Weekly 08/28 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: buy 1× SPY 2026-09-30 765.0 call; sell 2× SPY 2026-09-30 784.0 call; buy 1× SPY 2026-09-30 791.0 call

Actual +1.96% · required > 0PASS

Actual +20.30% · required > 0PASS

Actual +8.38% · required > 0PASS

Actual 1.113306483153544360301156700 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

45.72

+0.47%

+2.99%

+0.66%

+0.02%

+2.04%

+8.38%

0.93×

Not available

ENTRY PLAN

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Maximum modeled loss no greater than 2% of start-day total paper equity

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

CSP1W · Cash-Secured Put — Weekly 08/28 · Qualified View checks & plansHide details

Every frozen signal and contract-selection rule passed. Contract: sell 1× SPY 2026-09-30 752.0 put

Actual +20.30% · required > 0PASS

Actual +8.38% · required > 0PASS

Actual 1.113306483153544360301156700 · required >= 1.10PASS

Observation-only market context

Recorded for attribution · does not change this strategy's signal

45.72

+0.47%

+2.99%

+0.66%

+0.02%

+2.04%

+8.38%

0.93×

Not available

ENTRY PLAN

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Next full market session, first synchronized executable quote from 09:31 through 09:50 ET

EXIT AND RISK PLAN

Full cash/share collateral under the 100% gross cap

Next open after 10 regular sessions, at 7 DTE, or after the next weekly decision makes the signal false—whichever occurs first.

No additional premium-loss rule.

Daily decisions and adjustments

Date	Scope	Action	Reason
10/19	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/19	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/19	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/19	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/19	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/19	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/16	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/15	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/14	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/13	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/12	Cash-Secured Put — Weekly	Filled	Alpaca paper fill observed and reconciled.
10/12	Bull-Trend Long Call — Weekly	Filled	Alpaca paper fill observed and reconciled.
10/12	Cash-Secured Put — Weekly	Submitted	Order sent only to Alpaca's paper endpoint after the central risk check.
10/12	Cash-Secured Put — Weekly	Planned	Frozen decision converted into a paper-order intent.
10/12	Bull-Trend Long Call — Weekly	Submitted	Order sent only to Alpaca's paper endpoint after the central risk check.
10/12	Bull-Trend Long Call — Weekly	Planned	Frozen decision converted into a paper-order intent.
10/12	Covered Call — Weekly	Risk or operational rejection	Covered-call paper execution is blocked because Alpaca cannot accept the frozen stock-and-option position as one atomic mixed-asset order.
10/12	Covered Call — Weekly	Planned	Frozen decision converted into a paper-order intent.
10/09	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Call Broken-Wing Butterfly — Weekly	No trade	The signal passed, but no complete liquid structure matched the frozen contract rules.
10/09	Cash-Secured Put — Weekly	Trade qualified	Every frozen signal and contract-selection rule passed.
10/09	Bull-Trend Long Call — Weekly	Trade qualified	Every frozen signal and contract-selection rule passed.
10/09	Covered Call — Weekly	Trade qualified	Every frozen signal and contract-selection rule passed.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/09	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/08	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/07	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Intraday reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/06	Portfolio	Post-open reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.
10/05	Portfolio	End-of-day reconciliation	Alpaca paper orders, fills, positions, equity, and central risk were reconciled.

RETURN DEFINITIONS

Historical and paper ROI stay separate

Strategy-page ROI is cumulative historical validation ROI for 01-03-22 through 12-29-23. This dashboard reports daily paper P&L, each completed trade's ROI, and cumulative paper ROI since observation began.

RISK AUTHORITY

Signals cannot override risk

V1.3 net-debit entries size a buffered 35% premium loss to no more than 2% of equity, cap premium at 10% per trade and 25% in aggregate, and retain full theoretical loss as tail disclosure. They exit at a 25% executable loss with completed-trend invalidation or at 30% regardless of trend. Fully collateralized SPY puts retain 15%/25% severe-stress caps and full collateral. New entries pause at 10% portfolio drawdown; the 20% paper kill threshold blocks all new entries.

Paper Trading Dashboard

Paper observation active

Shadow risk assessments

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Hold iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Exit iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Review iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Review iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Review iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Review iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Review iShadow risk recommendationA research-only Hold, Review, or Exit label. It cannot change an Alpaca paper order. Exit control remains governed by the frozen strategy until this overlay is separately backtested, frozen, and approved.Close

Macro, position, and portfolio checks

Expiration stress—not a forecast iExpiration stressMechanical option payoff if SPY ended at the displayed stressed price on expiration. It is not a prediction and does not include an early exit or changing implied volatility.Close

Trades and positions

Why TradeMight traded—or skipped

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Liquid 30–45 DTE call nearest +0.70 delta

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Liquid 30–45 DTE put nearest −0.20 delta with full cash collateral

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Defined-risk 30–45 DTE +0.60/−2×+0.30/+0.10 delta call butterfly

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

100 SPY shares plus a liquid 30–45 DTE call nearest +0.20 delta

Maximum severe-stress loss no greater than 15% of start-day paper equity, 25% aggregate stress risk, and full cash/share collateral

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Liquid 30–45 DTE call nearest +0.70 delta

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

Liquid 30–45 DTE call nearest +0.70 delta

Size from 35% of opening debit: no greater than 2% planned loss, 10% premium per trade, and 25% aggregate premium

Frozen qualification checksFrozen qualification checksThe ordered checks that determine whether a frozen strategy signal, eligible option structure, execution-quality requirements, and portfolio-risk limits all pass. A structure alone cannot create a trade.Close

Observation-only market context

30–45 DTE put vertical: long near −0.60 delta and short near −0.30 delta

Exit

Expiration stress—not a forecast

Exit

Expiration stress—not a forecast

Exit

Expiration stress—not a forecast

Exit

Expiration stress—not a forecast

Hold

Expiration stress—not a forecast

Exit

Expiration stress—not a forecast

Exit

Expiration stress—not a forecast

Review

Expiration stress—not a forecast

Review

Expiration stress—not a forecast

Review

Expiration stress—not a forecast

Review

Expiration stress—not a forecast

Review

Expiration stress—not a forecast