Notes

The automated trading fund manager is monitoring several cryptocurrencies for a 20-day Donchian breakout, which is a technical indicator that measures the highest high and lowest low of an asset over a certain period, in this case, 20 days. The manager is watching the following cryptocurrencies: LTC/USD, which last traded at $50.9145 and needs to increase by 8.84% to reach its 20-day high of $55.4165, resulting in no signal. UNI/USD last traded at $6.1905 and needs to increase by 2.94% to reach its 20-day high of $6.3726, resulting in no signal. XRP/USD last traded at $1.3735 and needs to increase by 23.78% to reach its 20-day high of $1.7001, resulting in no signal. AVAX/USD last traded at $7.2780 and needs to increase by 14.23% to reach its 20-day high of $8.3140, resulting in no signal. BTC/USD last traded at $77,897.9015 and needs to increase by 4.56% to reach its 20-day high of $81,446.8810, resulting in no signal. DOGE/USD last traded at $0.0832 and needs to increase by 23.90% to reach its 20-day high of $0.1031, resulting in no signal. LINK/USD last traded at $11.2755 and needs to increase by 12.40% to reach its 20-day high of $12.6734, resulting in no signal. SOL/USD last traded at $100.7750 and needs to increase by 9.69% to reach its 20-day high of $110.5357, resulting in no signal. DOT/USD last traded at $0.8772 and needs to increase by 17.62% to reach its 20-day high of $1.0318, resulting in no signal. ETH/USD last traded at $2,405.2350 and needs to increase by 6.68% to reach its 20-day high of $2,565.9000, resulting in no signal.

On 2026-09-03, Israel's Defense Minister Katz said an attack by Iran against Israel will allow them to strike all infrastructure, including energy. This is related to the US-Iran escalation, which is the worst since July and has put oil and defense Exchange-Traded Funds, or ETFs, in focus due to the risk in the Hormuz area, which has sent crude oil prices higher. An ETF is a type of investment fund that is traded on a stock exchange. On 2026-09-02, the White House said that oil from a deal with Venezuela could arrive in the US in November. GE Vernova's Roger Martella said that deals with Venezuela will need 1,000 workers. The US Energy Information Administration, or EIA, reported a 1.173 million barrel decrease in US gasoline inventories, which was less than the estimated 1.900 million barrel decrease. The EIA also reported a 0.796 million barrel increase in distillates stocks, which was less than the previous 2.228 million barrel decrease. US crude oil inventories decreased by 4.450 million barrels, which was more than the estimated 0.400 million barrel decrease. Russian Prime Minister Alexander Novak said that the Organization of the Petroleum Exporting Countries, or OPEC, will not make any oil output policy decisions at their meeting on Sunday, but will discuss the market situation. OPEC is a group of oil-producing countries that coordinate the production of oil. The meeting will focus on discussing the market, and ministers will discuss the market situation and compliance with their agreement. US Energy Secretary Wright said that Venezuela's oil production is up 25% and exports are up 50%, and that fields will not be claimed by China. US Treasury Secretary Bessent said that no one should support the Iranian regime and that they will take out bad actors, including airlines, maritime, and digital assets.

We are watching the following stocks for potential buying opportunities when their prices pull back. The current price of CMG is 38.52, which is higher than its previous close of 37.5. The current price of DUOL is 157.915, which is lower than its previous close of 158.92. The current price of ELF is 107.38, which is higher than its previous close of 105.54. The current price of WING is 113.11, which is higher than its previous close of 109.63. The current price of CELH is 31.3, which is higher than its previous close of 30.705. We are watching ELF's price, looking for a potential buying opportunity if it falls back to between 90 and 95. We are also monitoring DUOL's momentum, which refers to the rate of change of its price, for potential buying opportunities. The context for these potential buys includes the performance of CMG, CELH, and WING.

We are watching the prices of major cryptocurrencies to see if they break out to new 20-day highs, which is a Donchian breakout, a trading strategy that looks for the highest high and lowest low of a certain period. The prices we are looking at are: BTC/USD, which was last at $78,878.70 and needs to go up by 4.58% to reach its 20-day high of $81,446.88, so there is no signal to act. DOGE/USD was last at $0.0831 and needs to go up by 24.10% to reach its 20-day high of $0.1031, so there is no signal. ETH/USD was last at $2,407.27 and needs to go up by 6.59% to reach its 20-day high of $2,565.90, so there is no signal. LINK/USD was last at $11.24 and needs to go up by 12.77% to reach its 20-day high of $12.67, so there is no signal. UNI/USD was last at $5.74 and needs to go up by 10.96% to reach its 20-day high of $6.37, so there is no signal. XRP/USD was last at $1.37 and needs to go up by 24.12% to reach its 20-day high of $1.70, so there is no signal. DOT/USD was last at $0.88 and needs to go up by 17.33% to reach its 20-day high of $1.03, so there is no signal. LTC/USD was last at $50.41 and needs to go up by 9.93% to reach its 20-day high of $55.42, so there is no signal. SOL/USD was last at $100.76 and needs to go up by 9.70% to reach its 20-day high of $110.54, so there is no signal. AVAX/USD was last at $7.29 and needs to go up by 14.06% to reach its 20-day high of $8.31, so there is no signal.

On September 2, 2026, at 17:52:19Z, the worst US-Iran escalation since July put oil and defense exchange-traded funds, or ETFs, which are a type of investment fund, in focus as Hormuz risk sent crude oil prices higher. At 17:27:38Z, the White House said that barrels from a Venezuela deal could hit reserves in the US in November. GE Vernova's Roger Martella said at 16:57:11Z that deals with Venezuela will need 1,000 workers. The US gasoline inventories had a 1.173M barrel draw versus a 1.900M barrel draw estimate at 14:34:54Z. The EIA weekly distillates stocks had a 0.796M barrel build versus a 2.228M barrel draw prior at 14:33:16Z. The US crude oil inventories had a 4.450M barrel draw versus a 0.400M barrel draw estimate at 14:31:27Z. Russian Prime Minister Alexander Novak said at 14:26:03Z that cuts are not happening right now, there is a shortage in the market, and OPEC+ ministers will discuss the market situation and compliance with the agreement at their meeting on Sunday. It was reported at 14:04:31Z that the OPEC+ meeting on Sunday will not make any oil output policy decision and will focus on discussing the market. A prediction market, which is a type of market where people bet on the outcome of events, called Kalshi will file for US crude oil 'perps', or perpetual contracts, which are a type of financial contract, according to a source at 13:46:20Z. US Energy Secretary Wright said on CNBC at 13:13:28Z that Venezuela oil production is up 25% and exports are up 50%, and that fields will not be claimed by China. At 13:02:27Z, an expert advised not to short, or bet against, the bond rout, which refers to a decline in bond prices. US Treasury Secretary Bessent said on Fox News at 11:47:21Z that no one should support the Iranian regime and that airlines, maritime, and digital assets could be targets. On September 1, 2026, at 21:18:37Z, it was reported that there were no US casualties from an Iranian attack on facilities in Jordan. The API crude oil stock had a 2.600M barrel draw versus a 4.200M barrel build prior at 20:50:59Z.

We are watching the prices of major cryptocurrencies to see if they will break out to new highs. A Donchian breakout, which is a price movement above a certain level, is what we are waiting for. Here are the current prices and the percentages they need to increase to reach their 20-day highs: BTC/USD: the last price was 77696.5000, the 20-day high is 81446.8810, it needs to increase by 4.83% to reach the high, so there is no signal to act. DOGE/USD: the last price was 0.0828, the 20-day high is 0.1031, it needs to increase by 24.51% to reach the high, so there is no signal. DOT/USD: the last price was 0.8746, the 20-day high is 1.0318, it needs to increase by 17.97% to reach the high, so there is no signal. ETH/USD: the last price was 2402.8700, the 20-day high is 2565.9000, it needs to increase by 6.78% to reach the high, so there is no signal. LINK/USD: the last price was 11.1765, the 20-day high is 12.6734, it needs to increase by 13.39% to reach the high, so there is no signal. LTC/USD: the last price was 50.0990, the 20-day high is 55.4165, it needs to increase by 10.61% to reach the high, so there is no signal. UNI/USD: the last price was 5.7328, the 20-day high is 6.3726, it needs to increase by 11.16% to reach the high, so there is no signal. XRP/USD: the last price was 1.3652, the 20-day high is 1.7001, it needs to increase by 24.53% to reach the high, so there is no signal. AVAX/USD: the last price was 7.2736, the 20-day high is 8.3140, it needs to increase by 14.30% to reach the high, so there is no signal. SOL/USD: the last price was 100.5550, the 20-day high is 110.5357, it needs to increase by 9.93% to reach the high, so there is no signal.

We are watching the following stocks for potential pullback entries. The last price of CELH is 31.3, which is compared to its previous close of 30.705. The last price of CMG is 38.52, compared to its previous close of 37.5. The last price of DUOL is 157.915, compared to its previous close of 158.92. The last price of ELF is 107.38, compared to its previous close of 105.54. The last price of WING is 113.11, compared to its previous close of 109.63. We have identified a watch zone for ELF between 90 and 95, where we may consider buying if the stock pulls back. We are also monitoring DUOL's momentum, considering the context of CMG, CELH, and WING.

On September 2, 2026, at 17:52:19Z, the worst escalation between the US and Iran since July put oil and defense exchange-traded funds, or ETFs, which are a type of investment fund, in focus as the risk in the Hormuz area sent crude oil prices higher. At 17:27:38Z, the White House said that oil from a deal with Venezuela could arrive in the US in November. At 16:57:11Z, GE Vernova's Roger Martella said that deals with Venezuela will need 1,000 workers. At 14:34:54Z, US gasoline inventories had a 1.173 million barrel draw, compared to an estimated 1.900 million barrel draw. At 14:33:16Z, the US Energy Information Administration, or EIA, reported a 0.796 million barrel build in weekly distillates stocks, compared to a prior 2.228 million barrel draw. At 14:31:27Z, US crude oil inventories had a 4.450 million barrel draw, compared to an estimated 0.400 million barrel draw. Russian Prime Minister Alexander Novak said at 14:26:03Z that there will be no cuts in oil production right now, as there is a shortage in the market and a recovery in oil demand. At 14:04:31Z, it was reported that the OPEC+ meeting on Sunday will not make any decisions on oil output policy, but will focus on discussing the market. At 13:46:20Z, it was reported that Kalshi, a prediction market, will file for US crude oil 'perps', which are a type of financial contract. US Energy Secretary Wright said at 13:13:28Z that Venezuela's oil production is up 25% and exports are up 50%, and that fields will not be claimed by China. At 13:02:27Z, an expert advised not to short the bond rout, which means to bet against the decline in bond prices. US Treasury Secretary Bessent said at 11:47:21Z that no one should support the Iranian regime and that the US will take out bad actors. On September 1, 2026, at 21:18:37Z, it was reported that there were no US casualties from an Iranian attack on facilities in Jordan. At 20:50:59Z, the API reported a 2.600 million barrel draw in crude oil stocks, compared to a prior 4.200 million barrel build.

We are watching the prices of major cryptocurrencies to see if they will break out to new 20-day highs, which is a price level that a cryptocurrency has not reached in the last 20 days, also known as a Donchian breakout. Here are the current prices and the percentage increases needed to reach new highs: UNI/USD: the last price was 5.8475, the 20-day high is 5.9541, it needs to increase by 1.82% to reach a new high, so there is no signal to act. XRP/USD: the last price was 1.3469, the 20-day high is 1.7001, it needs to increase by 26.22% to reach a new high, so there is no signal to act. AVAX/USD: the last price was 7.1685, the 20-day high is 8.3140, it needs to increase by 15.98% to reach a new high, so there is no signal to act. BTC/USD: the last price was 77180.3500, the 20-day high is 81446.8810, it needs to increase by 5.53% to reach a new high, so there is no signal to act. DOGE/USD: the last price was 0.0814, the 20-day high is 0.1031, it needs to increase by 26.73% to reach a new high, so there is no signal to act. LINK/USD: the last price was 11.0892, the 20-day high is 12.6734, it needs to increase by 14.29% to reach a new high, so there is no signal to act. LTC/USD: the last price was 49.5850, the 20-day high is 55.4165, it needs to increase by 11.76% to reach a new high, so there is no signal to act. DOT/USD: the last price was 0.8661, the 20-day high is 1.0318, it needs to increase by 19.13% to reach a new high, so there is no signal to act. ETH/USD: the last price was 2386.0330, the 20-day high is 2565.9000, it needs to increase by 7.54% to reach a new high, so there is no signal to act. SOL/USD: the last price was 99.9655, the 20-day high is 110.5357, it needs to increase by 10.57% to reach a new high, so there is no signal to act.

On September 2, 2026, at 17:52:19Z, the worst US-Iran escalation since July put oil and defense exchange-traded funds, or ETFs, which are a type of investment fund, in focus as Hormuz risk sent crude oil prices higher. At 17:27:38Z, the White House said that barrels from a Venezuela deal could hit reserves in the US in November. GE Vernova's Roger Martella said at 16:57:11Z that deals with Venezuela will need 1,000 workers. On the same day, at 14:34:54Z, USA gasoline inventories showed a 1.173M barrel draw, compared to an estimated 1.900M barrel draw. At 14:33:16Z, the EIA weekly distillates stocks showed a 0.796M barrel build, compared to a prior 2.228M barrel draw. USA crude oil inventories showed a 4.450M barrel draw at 14:31:27Z, compared to an estimated 0.400M barrel draw. Russian Prime Minister Alexander Novak said at 14:26:03Z that cuts are not happening right now, there is a shortage in the market, and OPEC+ ministers will discuss the market situation and compliance with the agreement at their meeting on Sunday. It was reported at 14:04:31Z that the OPEC+ meeting on Sunday will not make any oil output policy decision, but will focus on discussing the market. A prediction market, which is a type of market where people can bet on the outcome of events, called Kalshi will file for US crude oil 'perps', or perpetual contracts, which are a type of financial derivative, according to a source, as reported at 13:46:20Z. US Energy Secretary Wright said on CNBC at 13:13:28Z that Venezuela oil production is up 25% and exports are up 50%, and that fields will not be claimed by China, with debt restructuring efforts ongoing. At 13:02:27Z, an expert advised not to short the bond rout, which means to bet against the price of bonds going down. US Treasury Secretary Bessent said on Fox News at 11:47:21Z that his message to everyone is to stay away from Iran and that no one should support the regime. On September 1, 2026, at 21:18:37Z, it was reported that there were no US casualties from an Iranian attack on facilities in Jordan. At 20:50:59Z, the API crude oil stock showed a 2.600M barrel draw, compared to a prior 4.200M barrel build.

The automated trading fund manager tested the Apify reddit-scraper-lite tool. The test involved 9 items, including a post from user propjerry on the r/u_propjerry community. The post discussed the Bridge360 Metatheory Model, which is a framework for making predictions. The author of the model, who has 35 years of experience, explained that the model is not about making accurate predictions, but about having a robust framework. The author used the model to make forecasts, including a June 2025 forecast that scored 1 hit, 3 partial hits, and 3 misses. The author also used the model to identify structural reads, such as Japan's role in transmitting financial information and the impact of the Iran war on financial markets. The author worked with colleagues to develop the model and used tools like ChatGPT to access information. A prompt was issued to ChatGPT, which is a type of language model, to test its capabilities.

The Supply Fund manager researched a memory shortage on September 2, 2026, at 21:00:59Z. This shortage is a bottleneck, meaning it is limiting production, and is affecting companies like HPE, whose CEO Antonio Neri said that DRAM and NAND memory inflation is a major constraint on order-to-revenue conversion, which means the company is having trouble fulfilling orders due to high memory costs. Long-term agreements, or LTAs, have locked in capacity until FY27, and cost pressure will remain high until then. Companies that benefit from this shortage include MU, SNDK, and WDC, as SK Hynix has essentially sold out its memory products for 2026, and Samsung has increased the price of its 32GB DDR5 module by 60%. However, the manager believes it is too late to invest in these companies now, as their prices have already increased significantly, with MU up 706%, SNDK up 2941%, and WDC up 448% over the past 365 days. This information is now widely known and has been covered by the media, so the prices are fully valued. The Supply Fund has $209.70 in capital, with 93% already deployed, leaving only $14.70 for new investments, which is not enough to make a meaningful new position. The manager advises against investing in MU, SNDK, and WDC at current levels and instead suggests waiting for a pullback of more than 20% or looking for a newer, less expensive bottleneck. Additionally, the manager notes that there is no ceasefire or de-escalation in the tanker war, and Iran and Hormuz are still experiencing escalation, so the fund is holding its positions in FRO and STNG, which are currently profitable, with unrealized gains of $1.66 and $2.40, respectively.

We are watching the prices of four stocks: DUOL, ELF, CMG, and CELH, for potential buying opportunities when their prices pull back. The current price of DUOL is 157.915, which is lower than its previous closing price of 158.92. The current price of ELF is 107.38, which is higher than its previous closing price of 105.54. We also looked at the prices of WING, CMG, and CELH, which are 113.11, 38.52, and 31.3, respectively, compared to their previous closing prices of 109.63, 37.5, and 30.705. We have identified a watch zone for ELF between 90 and 95, where we might consider buying if the price pulls back to that level. We are also monitoring the momentum of DUOL, considering the context of CMG, CELH, and WING.

We are watching the prices of major cryptocurrencies to see if they will break out to new 20-day highs, which is a price level that a cryptocurrency has not reached in the last 20 days, also known as a Donchian breakout. Here are the current prices and how much they need to increase to reach a new high: ETH/USD: the last price was 2394.7050, the 20-day high was 2565.9000, it needs to increase by 7.15% to reach a new high, so there is no signal to act. LINK/USD: the last price was 11.1255, the 20-day high was 12.6734, it needs to increase by 13.91% to reach a new high, so there is no signal to act. LTC/USD: the last price was 49.8310, the 20-day high was 55.4165, it needs to increase by 11.21% to reach a new high, so there is no signal to act. UNI/USD: the last price was 5.8094, the 20-day high was 5.9541, it needs to increase by 2.49% to reach a new high, so there is no signal to act. XRP/USD: the last price was 1.3485, the 20-day high was 1.7001, it needs to increase by 26.07% to reach a new high, so there is no signal to act. AVAX/USD: the last price was 7.1777, the 20-day high was 8.3140, it needs to increase by 15.83% to reach a new high, so there is no signal to act. BTC/USD: the last price was 77344.0710, the 20-day high was 81446.8810, it needs to increase by 5.30% to reach a new high, so there is no signal to act. DOT/USD: the last price was 0.8603, the 20-day high was 1.0318, it needs to increase by 19.93% to reach a new high, so there is no signal to act. SOL/USD: the last price was 99.5100, the 20-day high was 110.5357, it needs to increase by 11.08% to reach a new high, so there is no signal to act. DOGE/USD: the last price was 0.0815, the 20-day high was 0.1031, it needs to increase by 26.63% to reach a new high, so there is no signal to act.

The system encountered an error while trying to access a website. This error, known as a HTTP Error 403, means the system is forbidden from accessing the website. The error occurred in a line of code that uses a library called urllib to open a website url. The full error message is provided for debugging purposes.

The manager is watching news about Iran and Hormuz for a decision about tankers. On 2026-09-02, there were reports of the worst US-Iran escalation since July, which affected oil and defense exchange-traded funds, or ETFs, which are like investment funds that trade on a stock exchange. The White House said oil from a deal with Venezuela could arrive in the US in November. GE Vernova's Roger Martella said deals with Venezuela will need 1,000 workers. The US reported a 1.173M barrel decrease in gasoline inventories, which was less than the estimated 1.900M barrel decrease. The US also reported a 0.796M barrel increase in distillates stocks, which was different from the estimated 2.228M barrel decrease. The US reported a 4.450M barrel decrease in crude oil inventories, which was more than the estimated 0.400M barrel decrease. Russian Prime Minister Alexander Novak said there will be no cuts in oil production right now, citing a shortage in the market and a recovery in oil demand. He also said OPEC+ ministers will discuss the market situation on Sunday. However, it was reported that the OPEC+ meeting on Sunday will not make any decisions about oil output policy. A prediction market, which is a market where people bet on the outcome of events, called Kalshi, will file for US crude oil 'perps', which are perpetual contracts, or contracts with no expiration date. US Energy Secretary Wright said Venezuela's oil production is up 25% and exports are up 50%, and that fields will not be claimed by China. US Treasury Secretary Bessent warned against supporting the Iranian regime and said the US will take out bad actors. On 2026-09-01, there were reports of an Iranian attack on facilities in Jordan, but no US casualties were reported. The API, or American Petroleum Institute, reported a 2.600M barrel decrease in crude oil stocks, which was different from the estimated 4.200M barrel increase.

The job to watch the price levels of ELF, DUOL, CMG, and CELH for potential buying opportunities when their prices pull back failed. The reason for the failure is that the maximum number of running instances, which is like a limit on how many tasks can be done at the same time, was exceeded, so the task could not start. The solution is to try again later or to increase the maximum number of allowed instances.

The Chief Investment Officer reviewed the situation on 2026-09-02. The social fund has kept 100% of its money in cash for 4 straight periods because two important codes, called REDDIT_CLIENT_ID and YOUTUBE_API_KEY, are not set, which is necessary for the core comment-velocity edge, a tool that helps us make decisions. The investment limit is still at 20% for now because other funds have just started investing and we do not have their results yet. If the tools remain broken and other funds show good results in the next period, we may move our investment away from social and towards supply, catalyst, and quant, which are other investment strategies. To fix this, we need to set the environment variables, which are like computer settings, or find another way to get important information from sources like G2, Trustpilot, or press releases that does not require these missing codes.

The automated trading fund manager ran on 2026-09-02. The tools from Reddit, YouTube, and Apify, which are used to gather information from the internet, were not working properly for the 4th time in a row. This is a problem because the fund relies on these tools to make informed decisions. The manager will notify the operator again. The market was open, but no new trades were made because the conditions were not right. The manager looked at several stocks, including ELF, which was still priced at 107.35 and had not dropped to the desired range of 90-95. The manager also looked at DUOL, but decided not to trade it because the recent increase in price, 38% since the Q2 report, already reflected the positive news. The stock SGLD had a big increase of 130%, but this was just because it was a new listing, not because people were excited about the product. The manager also looked at HOOD, WING, CMG, and CELH, but did not find any good trading opportunities. The next step is to run a scheduled job to check the prices of ELF, DUOL, CMG, CELH, and WING every 6 hours for the next 12 times to see if there are any changes. After that, the manager will try to fix the Reddit, YouTube, and Apify tools again and use more specific search queries to find useful information.

The fund manager has adopted a breakout system after testing it against other methods, including a relative strength index (a measure of how fast a price is rising or falling), momentum (the rate of change in price), mean-reversion (the idea that prices will return to average), and simple moving average crossover (when one average price crosses over another). The breakout system, which looks at the highest price over the last 20 days, also known as a Donchian 20d, performed best in tests on Bitcoin, Ethereum, and Solana daily prices over 365, 180, and 730 days. It beat a buy-and-hold strategy in every time frame tested, with Bitcoin up 8.1% versus down 30.7%, Ethereum down 14.7% versus down 44.6%, and Solana up 31.4% versus down 52.7%. The breakout system only underperformed when the market was in a strong, sustained uptrend, such as over 180 days. The fund manager has decided to use this system as the core rule for the fund, known as experiment number 5. The system looks back at 20 to 30 days of data and uses a wide stop of 8-12%, which rarely limits the trade since the signal to exit usually comes first. The target profit is 20-25%, which helps with Solana. As of September 2, 2026, at 14:30 UTC, all three currencies are flat, meaning there are no open trades. Bitcoin needs to reach about 81,450 to trigger a trade, Ethereum needs to reach about 2,566, and Solana needs to reach about 110.5. The market is currently selling off due to headlines about Trump and Iran, with Bitcoin, Ethereum, XRP, and Dogecoin all down on September 1-2. There is no new, positive catalyst for the market. The fund manager is holding 100% cash and not making any trades, following the systematic rule to wait for a signal. A job has been scheduled to check the prices of Bitcoin, Ethereum, and Solana every 4 hours for 16 days and flag any breakout signals. The next step is to check the output of this job and, if a breakout has occurred, make a trade of about 20-25% of the fund's capital, with a stop loss of about 8-10% below the entry price and a target profit of about 20-25% above the entry price, over a horizon of 3-6 weeks.

The trade was executed on September 2, 2026, after four attempts during closed markets. We bought Frontline, ticker FRO, for $115 at a price of $44.49, with a stop loss at $42 and a target price of $51. We also bought Scorpio Tankers, ticker STNG, for $80 at a price of $79.76, with a stop loss at $75 and a target price of $90. Our fund is now at its maximum capacity, which is actually $200, not the previously thought $24,990. Our investment idea is based on the escalating war between Iran and the closure of the Hormuz Strait, which has reduced crude exports by 82%. As a result, Frontline's Q3 bookings for very large crude carriers, or VLCCs, which are a type of large oil tanker, are $156,900 per day, compared to the normal range of $40,000 to $60,000 per day. We will closely watch for any news of a ceasefire or deal, which could quickly reduce the war premium, and we will immediately close both positions if such news breaks. We plan to hold these positions for 6 to 8 weeks and will exit them before or when we reach our target price, regardless of other factors.

The automated trading fund manager executed a PDUFA run-up basket on 2026-09-02, with a total investment of $195, which is close to the fund's $200 cap. The fund's actual equity is $1000. Three trades were made at market open: RARE at $25.84, IONS at $60.16, and MIRM at $99.244. A stop, which is a price level that triggers a sale, was set for each trade: $24 for RARE, $56 for IONS, and $93 for MIRM. A target, which is a desired price level, was also set: $29 for RARE, $66 for IONS, and $106 for MIRM. The trades will be exited by the following dates: 9/16 for RARE, 9/18 for IONS, and 9/22 for MIRM. These dates are related to the PDUFA, which stands for Prescription Drug User Fee Act, a FDA decision date: 9/19 for RARE's UX111 Sanfilippo gene therapy resubmission, 9/22 for IONS' zilganersen Alexander disease treatment, and 9/26 for MIRM's zilurgisertib FOP treatment. Before entering these trades, a WebSearch was conducted to verify that there was no news about a CRL, or complete response letter, which is a FDA rejection, or delay, or an adcom, which is an advisory committee meeting, that could affect the trades. The sources used for verification were https://www.stocktitan.net/sec-filings/RARE/8-k-ultragenyx-pharmaceutical-inc-reports-material-event-3d9bb48a6f7d.html, https://www.endaxd.org/news/ionisaanpivotalstudy, and https://investor.incyte.com/news-releases/news-release-details/mirum-pharmaceuticals-and-incyte-announce-positive-pivotal-phase. For the next run, these trades should not be re-entered. The fund manager should monitor for CRL or delay headlines daily and close each position by its stated exit date, which is 2-4 trading days before the PDUFA date, regardless of the price, due to the binary FDA risk, which means the trade will either be approved or rejected. The fund manager should also remember that the fund's cap is $200, not $25,000, and size future entries accordingly, around $50-70 per position for a 3-way split.

The probe job was successful, ending with an exit code of 0. It was okay at 06:45. The site used was https://runway.adityaperswal.workers.dev, with data bc9a and no secret. A warning occurred because a file was not found, so joblib, a library that helps with parallel processing, which is a way to speed up tasks by doing them at the same time, will operate in serial mode, meaning it will do tasks one after the other. The version of vectorbt, a backtesting and trading library, used was 1.1.0.