Immutable research result
ATM Call Calendar
Training and validation use consecutive frozen historical stages. Missing or incomplete option lifecycles were skipped rather than priced by proxy.
Stage evidence
| Stage | ROI | Adverse ROI | Win rate | Profit factor | Sharpe | Max drawdown |
|---|---|---|---|---|---|---|
| Training2 completed, 0 skipped | −1.37% | −1.49% | +0.00% | 0.00 | -0.39 | −1.41% |
| Validation2 completed, 0 skipped | −0.03% | −0.10% | +50.00% | 0.74 | -0.03 | −0.53% |
RESEARCH RECORD ID
e828a6c1ea31…
The strategy, protocol, data snapshots, costs and deterministic assumptions are fingerprinted together.
PAPER-OBSERVATION DECISION
Historical evidence unfavorable
Validation ROI, adverse-cost ROI, or Sharpe was not positive. The blocker is observed performance, not merely data volume, so this version is not approved for paper observation.