Immutable research result
Covered Call
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 |
|---|---|---|---|---|---|---|
| Training16 completed, 9 skipped | +32.95% | +32.78% | +93.75% | 14.83 | 1.72 | −5.06% |
| Validation4 completed, 0 skipped | −7.59% | −7.62% | +25.00% | 0.04 | -0.81 | −9.03% |
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.