Notes

A news scan found the headline 'DSX R92104 replicated breakout 2021-02-09'. The signal to buy was given on 2021-02-09, the entry date was 2021-02-10, and the exit date was 2021-03-10. The entry price was 2.019. The return percentage was 4.556711243189704 percent. The volume ratio was 4.6707497063611445. The put intrinsic, which is the value of an option if it were exercised immediately, was 0. The raw return percentage, which is the return without any adjustments, was 4.575163398692816 percent. This calculation was made for September 2021. The signal was given because the close price was higher than the highest price in the last 252 days, and the volume was at least 1.5 times the average volume of the last 20 days, with a 21-session separation, meaning there was a specific pattern of price movement over 21 trading sessions. The next open price was compared to the close price 20 sessions later. The signal was adjusted, and the sensitivity of the raw return is shown. The intrinsic value is mapped, but it is not the profit or loss from an option, which is also known as option PnL. The historical financing labels are incomplete. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=DSX&timeframe=1Day&feed=sip&adjustment=all

A news scan found the signal on 2017-04-06. This signal led to an entry on 2017-04-07 and an exit on 2017-05-05 at an entry price of 3.86. The return percentage was -34.196891191709845 percent. The volume ratio was 2.2831622115160437. The put intrinsic, which is the value of an option if it were exercised, was 0.9535233160621761. The raw return percentage, which is the return without adjustments, was -34.18803418803418 percent. This calculation was made on September 21. The signal was triggered when the close was higher than the prior 252-day high and the volume was 1.5 times higher than the average of the prior 20 and 21 sessions, with a 21-session separation. The adjusted signal was used to calculate the return, and the raw return sensitivity is shown. The intrinsic value is not the same as the profit or loss from an option. The historical financing labels are incomplete. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=DSX&timeframe=1Day&feed=sip&adjustment=all

A news scan found the text about option contracts for Sep 21. The put option open interest is 247 and the call option open interest is 408 as of Sep 17. The multiplier is 100, the size is 100, the expiry date is Oct 16, and the root is the standard DSX. According to the Alpaca March 2025 FAQ, non-penny orders under 3 typically have a 0.05 increment. Orders that are off the increment limit are routed to NOM if possible, otherwise they are rejected. Orders with a decimal limit or stop of 3 or more are rejected. Therefore, 0.13 is not universally invalid but is route constrained. 0.065 is not a valid broker stop. The local fund exit threshold may be synthetic and basis unverified, so broker stop precision cannot be imposed blindly. The indicative best bid and offer derivative is not the actual OPRA, and there is no inference that 0.08 and 0.13 are executable. https://alpaca.markets/support/options-pricing-increments-and-options-order-handling; option_contracts; https://docs.alpaca.markets/us/docs/historical-option-data

A report filed on September 9, called a Schedule 13D/A, shows that on September 8, 1,522,000 shares of GNK were sold at a price of $26.75, which is a total of $40.7135 million. Another report filed on September 16 shows that on September 14, 75,000 shares were sold at $26.94, and on September 15, 130,000 shares were sold at $27.93, which is a total of $5.6514 million. After these sales, DSX owns 2,178,585 shares of GNK, which is about 4.9% of the company as of September 15. This means DSX is selling its shares of GNK, not the other way around. The amounts mentioned are before costs and taxes, and the current cash balance is not verified. A previous offer to buy GNK was withdrawn on August 14, and the statement that the issuer is the largest shareholder, made on August 14, is no longer current. https://www.sec.gov/Archives/edgar/data/1318885/000091957426006214/primary_doc.xml; https://www.sec.gov/Archives/edgar/data/1318885/000091957426006345/primary_doc.xml

A filing on August 4 for the period ending June 30, which was retrieved on September 21, reported that the company's cash earnings for the first half of the year were $37.834 million. This included $0.643 million from vessel construction or improvement, $1.822 million from other property, $8.539 million in investment outflows, and $31.095 million in principal repayment. The company had $48.678 million in cash, plus $51.25 million in restricted current assets and $18 million in restricted noncurrent assets, totaling $117.928 million, although not all of this cash is available for use. The company also reported an unrealized gain of $40.392 million from its investment in GKN, and its net income was $49.9 million. According to Note 10g, the company confirmed that each warrant can be exercised for 4 USD and 1.68852 shares, as per the terms in June. Additionally, the August dividend adjustment explained the current ratio of 1.69527, which is not a new exercise price of 1.69527 USD. https://www.sec.gov/Archives/edgar/data/1318885/000156276226000088/dsx-20260630.htm

A news scan found the headline 'DSX R92104 confirmed CEO and president warrant exercises'. Filings from September 16, 2015, report that on September 11, the CEO exercised warrants, which means he used special rights to buy company shares, to get 1,369,120 shares via 4SD807612 warrants and 4,610,946 shares via Tuscany 2719889 warrants. On September 10, the president exercised warrants to get 1,695,270 shares from 1,000,000 warrants. In total, 7,675,336 shares and 4,527,501 warrants were exercised. With the addition of Coronis 207,621 shares and 122,471 warrants from September 17, the confirmed total is 7,882,957 shares and 4,649,972 warrants. The tables show that the acquired stock has the code M, which is a type of stock classification, and there is no evidence that these shares were bought or sold on the common market. It is also noted that transactions related to GNK should not be counted twice just because DSX is the company filing the report. https://www.sec.gov/Archives/edgar/data/1318885/000091957426006343/ownership.xml; https://www.sec.gov/Archives/edgar/data/1318885/000091957426006327/ownership.xml

A news scan found the filing for DSX, which was retrieved on September 21, showing that on September 18, the filings revealed that the spouse of Margaronis, via Coronis, exercised 122,471 warrants on September 17, resulting in 207,621 shares. This was a code M transaction, meaning it was not an open-market purchase. The footnote incorrectly labeled the exercise price as 1.69527, when in fact the issuer's cash price was 4 USD. The derivative table for Papatrifon, numbered 006399, showed a disposition of 5,000 on September 16 and 15,000 on September 17, with 33,905 underlying shares. However, the narrative stated that 20,000 were sold, but there was no non-derivative acquisition table. A non-derivative acquisition refers to a purchase of shares that is not based on a derivative, such as an option or warrant. This information cannot be counted as a confirmed issuance or insider common sale. https://www.sec.gov/Archives/edgar/data/1318885/000091957426006398/ownership.xml; https://www.sec.gov/Archives/edgar/data/1318885/000091957426006399/ownership.xml

The issuer of the DSX R92104 warrant updated its question and answer section on August 21, 2026, which was retrieved on September 21. According to this update, the cash price per warrant is $4. The delivery ratio is calculated as 1.13017 basic shares plus a bonus of 0.56510 shares, totaling 1.69527 shares. The bonus is triggered when the volume-weighted average price, or VWAP, which is the average price of a security over a certain period of time, reaches $3.0969 on 20 out of 30 days. The redemption price is $3.5393. The warrant expires on December 14, 2026, at 17:00 New York time, unless it is redeemed earlier. As of August 21, approximately 15.7 million shares remain out of a potential 26.5 million shares. The issuer notes that its terms are closest to the actual terms, but there is language regarding promotional dilution, which means the reduction in value of shares due to the issuance of new shares. Exercising the warrant preserves participation only for holders who supply the cash. A Form 4 filing, which is a document filed with the Securities and Exchange Commission to report changes in ownership, lists 1.69527 as the exercise price, but there is a conflict regarding units that is pending resolution based on the original agreement, with the ticker 006398 being mentioned in relation to these calls. https://www.dianashippinginc.com/warrant-information/

A calculation from September 2021 for the DSX R92102 model shows the following results: the half spread is 0.025, the mean one-contract net profit and loss is -7.05185065, and the stop percentage is 88.822. This calculation is based on 50,000 bootstrap draws from 9 historical paths, with a fixed fitted implied volatility of 0.49352556, a put price of 0.13, a stop price of 0.065, and a target price of 0.39, with a roundtrip cost of $2. The assumptions used in this calculation include a half Kelly bet, European options, no dividend, and daily checks, which are not based on executable historical option paths or calibrated probabilities. https://runway.adityaperswal.workers.dev/data/stock-bars; https://runway.adityaperswal.workers.dev/data/option-chain/DSX?feed=indicative

A calculation from September 2021 for the DSX R92102 modeled stop trigger spread sensitivity is as follows: the half spread is 0.01, the mean one-contract net profit and loss is -6.55541177, and the stop percentage is 88.822. This calculation is based on 50,000 bootstrap draws from 9 historical paths, with a fixed fitted implied volatility of 0.49352556, a put price of 0.13, a stop price of 0.065, and a target price of 0.39, considering a roundtrip cost of $2. The assumptions used include a half Kelly bet, European options, no dividend, and daily checks, which are not based on executable historical option paths or calibrated probabilities. https://runway.adityaperswal.workers.dev/data/stock-bars; https://runway.adityaperswal.workers.dev/data/option-chain/DSX?feed=indicative

A calculation from September 2021 for the DSX R92102 model found that the half spread was 0, the mean one-contract net profit and loss was -0.1462308439, and the stop percentage was 77.484. This was based on 50,000 bootstrap draws from 9 historical paths, with a fixed fitted implied volatility of 0.49352556, a put price of 0.13, a stop price of 0.065, and a target price of 0.39, considering a $2 roundtrip cost. The assumptions used were a half Kelly bet of 0, European style options, no dividend payments, and daily checks, which are theoretical assumptions and not based on actual historical option paths or calibrated probabilities. https://runway.adityaperswal.workers.dev/data/stock-bars; https://runway.adityaperswal.workers.dev/data/option-chain/DSX?feed=indicative

A research run from September 21 found that the put open interest was 247 and the call open interest was 408 as of September 17, with a multiplier of 100. On September 18, the indicative put bid was 0.08 and the ask was 0.13, with a spread of 38.4615%. The indicative call bid was 0.18 and the ask was 0.28, with a spread of 35.7143%. These quotes are from September 18 and are not the actual liquidity available on Monday. The put premium was 13, the spot price was 3.11, and the hurdle was 7.7170418% compared to the N9 median of 13.7831325%. The potential payoff for the P80 was 0.436329, which is 3.356379 times the initial amount. The numerical median gate passes, but new option contracts and updated quotes are needed before any order can be made. option_contracts; https://runway.adityaperswal.workers.dev/data/option-chain/DSX?feed=indicative

A news scan found the headline about a costed vectorbt holdout parameter sweep for MTW with a multiplier of 2.0. The results for the holdout period are as follows: the return was 13.807082283068006 percent, the drawdown was 9.151892668902772 percent, and the win rate was 100.0 percent, based on a sample of 1. The strategy used a price next open entry and a 20th session close exit, with a 5 basis point fee and 25 basis points of slippage on each side. The exposure was fixed at 20 sessions, with no option stops. The strategy excluded crossing January 1 events. The training period was pre-2026 and the holdout period was 2026. The results are subject to current-survivor discovery bias and are not validated for option profit and loss. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about MTW R92102 Costed vectorbt holdout parameter sweep 2.0 train. The symbol is MTW, with a multiplier of 2.0, in the training period. The return was 5.126780737823811, the drawdown was 26.95562970086097, and the win rate was 75.0, based on a sample of 4. The strategy used a price next open entry and 20th session close exit, with a 5 basis point fee and 25 basis points of slippage on each side. It had fixed 20 session exposure, with no option stops, and excluded crossing January 1 events. The training data was from before 2026, with a holdout period in 2026. This was a current survivor discovery, with a bias, and did not validate option profit and loss. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about a costed vectorbt holdout parameter sweep for MTW with a multiplier of 1.5. The results for the holdout period are as follows: the return was 9.894103522729187 percent, the drawdown was 9.15189266890274 percent, and the win rate was 50.0 percent, based on a sample of 2. The strategy used a price next open entry and 20th session close exit, with a 5 basis point fee and 25 basis points slippage on each side. The exposure was fixed at 20 sessions, with no option stops, and crossing January 1 events were excluded. The training data was from before 2026 and the holdout data was from 2026. This was a current-survivor discovery bias test, and the option profit and loss was not validated. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about a costed vectorbt holdout parameter sweep for MTW with a multiplier of 1.5 during the training period. The results show a return of -0.08943096948570428, a drawdown of 20.555546011419978, and a win rate of 80.0 based on a sample of 5. The strategy uses the next open price for entry and the 20th session close for exit, with a 5 basis point fee and 25 basis points of slippage on each side. It has a fixed exposure of 20 sessions, no option stops, and excludes crossing January 1 events. The training data is from before 2026 and the holdout data is from 2026. This is a current survivor discovery bias and has not been validated for option profit and loss. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about a costed vectorbt holdout parameter sweep for the stock symbol MTW with a multiplier of 1.25. The results for the holdout period are as follows: the return was 18.87%, the drawdown was 10.70%, and the win rate was 100%. This was based on a sample of 2. The strategy used a price next open entry and 20th session close exit, with a 5 basis point fee and 25 basis points of slippage on each side. The exposure was fixed at 20 sessions, with no option stops. The results excluded crossing January 1 events. The training data was from before 2026 and the holdout data was from 2026. This was a current survivor discovery bias, and the option profit and loss was not validated. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about VNCE. The issuer's September 10 Q2 results and raised outlook are in the past. On September 18, there was a technical breakout, meaning the stock price crossed a certain level, at 10.70, which is higher than 9.99, on 1.727 times the usual volume. From October 2 to 30, a chain with zero value was selected, but this does not prove that no options ever existed. No option expression was validated. https://investors.vince.com/press-releases/press-release-details/2026/Vince-Holding-Corp--Reports-Second-Quarter-2026-Results/default.aspx

On August 10, the issuer of HZO stock agreed to a cash acquisition of $53 per share by Safe Harbor. By September 18, the stock price was $52.56, which is 8.37% below the consideration price. Out of 30 selected quotes, none were affordable and liquid. The generic breakout median cannot model the deal break risk. https://www.sec.gov/Archives/edgar/data/1057060/000119312526341302/d135056dex991.htm

The issuer, on September 17, issued 1.3 billion dollars in 1.5% convertible and capped calls, and they explicitly expect that there will be initial hedging stock purchases and possible price effects. The expected conditional closing date is September 22. On September 18, the volatility was 6.9306 times, so it cannot be treated as an independent operating breakout. Out of 42 selected quotes, none were numerically cheap and liquid enough to pass. https://www.sec.gov/Archives/edgar/data/1159036/000115903626000126/ex-991xhaloxpricingpressre.htm

On September 10, the issuer closed 14 million secondary shares plus a 2.1 million underwriter option at 18.50. The company receives no offering proceeds from this. At the same time, the company is repurchasing shares, which complicates the trading volume. Out of 68 selected quotes, none passed the numerical test for affordability and liquidity. There was no transplant of the N4 tail study. https://investors.targethospitality.com/news/news-details/2026/Target-Hospitality-Announces-Closing-of-Upsized-Secondary-Offering-and-Concurrent-Stock-Repurchase-and-Full-Exercise-of-Underwriters-Option-to-Purchase-Additional-Shares/default.aspx

The company had Q2 issuer orders of 708.7 million, which is an increase of 56.1 percent. The backlog was 1050.1 million, and sales were 594.9 million. Operating cash flow was 8 million. For the full year, adjusted EBITDA, which is a measure of profitability, is expected to be between 150 and 170 million, and this includes a 16 million tariff refund benefit, which is 10 percent of the 160 million midpoint. Earnings per share are expected to be between 0.8 and 1.2, which makes the stock price of 22.35 equal to 22.35 times the midpoint adjusted earnings per share, and this is not considered a fair value. The forecast for full year adjusted free cash flow, which is the amount of cash available after expenses, is between 50 and 70 million. This information comes from an event source that references an August 7 call. A review of 38 option quotes found that none of them were affordable with a positive bid and a spread of 40 percent. https://www.sec.gov/Archives/edgar/data/61986/000119312526337931/mtw-ex99_1.htm

On July 28, the issuer of NEO R92102 reported its second-quarter results. The company's operating cash flow was 11.822 million, and its capital expenditures were 13.219 million, resulting in a free cash flow of -1.397 million. The company's revenue for the second quarter was 201.656 million, with a 1.9% increase in clinical volume and an 11.7% increase in revenue per test of 515. The net income was about 2 million, which includes an 11 million debt extinguishment gain. A news scan found the note that a convertible note of 316.3 million from June 22 is a few months old and is not the automatic cause of the breakout on September 18. On August 26, the issuer announced that it had expanded its RaDaR Medicare coverage, which supplies an operating alternative, but does not guarantee volumes. https://ir.neogenomics.com/news-events/press-releases/detail/336/neogenomics-reports-second-quarter-2026-results ; https://ir.neogenomics.com/news-events/press-releases/detail/337/neogenomics-receives-medicare-coverage-for-radar-st-for-immunotherapy-treatment-response-monitoring

The company that issued the merger, known as the issuer, made a definitive agreement on September 18 to be acquired by HIG for $20.35 per share, which is a total of $866 million, and has the support of 31 percent of the company. The deal is expected to close in late 2026 or early 2027. The go-shop period, which is a time when the company can look for other buyers, will end on October 27 at 23:59 Eastern Time. The current stock price is $20.75, which is already 1.97 percent above the merger consideration. On October 16, the stock had a call option price of $22.50, and an intrinsic value of $0 at the deal price, which expires before the go-shop period. There were no matched go-shop studies with a value of $6 or more, and there were no new proposals from funds. https://www.sec.gov/Archives/edgar/data/1436126/000114036126037107/ef20082419_ex99-1.htm

A news scan found the headline 'DSX R92102 Primary warrant issuance financing confound'. On September 15, a Form 4 report showed that on September 10, 1,000,000 warrants were exercised, resulting in the issuance of 1,695,270 common shares. On September 18, another Form 4 report, this time for 006398, showed that on September 17, 122,471 warrants were exercised, issuing 207,621 shares. For 006399, there is a discrepancy between the table code, which is M, and the narrative, which states that 20,000 warrants were sold from September 16 to 17. The presence of financing is a fact, but it is not proven that it caused the volume on September 18. https://www.sec.gov/Archives/edgar/data/1318885/000091957426006327/ownership.xml ; https://www.sec.gov/Archives/edgar/data/1318885/000091957426006398/ownership.xml ; https://www.sec.gov/Archives/edgar/data/1318885/000091957426006399/ownership.xml