Notes

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260930P00051000","S":58.1,"K":51.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.2562,"greeks":{"delta":-0.0181,"gamma":0.0119,"rho":-0.0007,"theta":-0.0035,"vega":0.0065},"bid":0.01,"ask":0.04,"bs":484,"as":285,"quote_time":"2026-09-04T19:59:59.662686693Z","fair_low":5.1e-08,"fair":1.04381e-05,"fair_high":0.0002133677,"hurdle":0.057,"surplus":-0.0569895619,"surplus_low":-0.056999949,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLF","occ":"XLF261016C00068000","S":58.1,"K":68.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.2423,"greeks":{"delta":0.029,"gamma":0.0144,"rho":0.0017,"theta":-0.0041,"vega":0.0126},"bid":0.03,"ask":0.07,"bs":145,"as":163,"quote_time":"2026-09-04T19:59:59.728801013Z","fair_low":9.446e-07,"fair":8.42886e-05,"fair_high":0.0010409193,"hurdle":0.092,"surplus":-0.0919157114,"surplus_low":-0.0919990554,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF261009C00065000","S":58.1,"K":65.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.1903,"greeks":{"delta":0.0284,"gamma":0.0198,"rho":0.0014,"theta":-0.0035,"vega":0.0112},"bid":0.03,"ask":0.04,"bs":57,"as":51,"quote_time":"2026-09-04T19:59:59.855812623Z","fair_low":9.08922e-05,"fair":0.0016208977,"fair_high":0.0087358826,"hurdle":0.047,"surplus":-0.0453791023,"surplus_low":-0.0469091078,"fullrisk":4.2,"required_bid_target":0.105}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF261016P00041000","S":58.1,"K":41.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.5096,"greeks":{"delta":-0.0139,"gamma":0.0037,"rho":-0.0009,"theta":-0.0043,"vega":0.0067},"bid":0.03,"ask":0.07,"bs":82,"as":652,"quote_time":"2026-09-04T19:59:58.675115682Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.092,"surplus":-0.092,"surplus_low":-0.092,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF261016C00070000","S":58.1,"K":70.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.275,"greeks":{"delta":0.0237,"gamma":0.0107,"rho":0.0014,"theta":-0.0039,"vega":0.0106},"bid":0.03,"ask":0.06,"bs":87,"as":519,"quote_time":"2026-09-04T19:59:58.675079649Z","fair_low":7.9e-09,"fair":3.737e-06,"fair_high":0.0001138048,"hurdle":0.077,"surplus":-0.076996263,"surplus_low":-0.0769999921,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260925P00046000","S":58.1,"K":46.0,"T":0.0575342466,"sigma":0.1240584425,"iv":0.5189,"greeks":{"delta":-0.0179,"gamma":0.0066,"rho":-0.0005,"theta":-0.0081,"vega":0.0057},"bid":0.03,"ask":0.06,"bs":48,"as":76,"quote_time":"2026-09-04T19:59:58.674787766Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.077,"surplus":-0.077,"surplus_low":-0.077,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260925P00049000","S":58.1,"K":49.0,"T":0.0575342466,"sigma":0.1240584425,"iv":0.3383,"greeks":{"delta":-0.0099,"gamma":0.0061,"rho":-0.0003,"theta":-0.0031,"vega":0.0034},"bid":0.01,"ask":0.02,"bs":113,"as":102,"quote_time":"2026-09-04T19:59:59.497628304Z","fair_low":0.0,"fair":5e-10,"fair_high":1.946e-07,"hurdle":0.027,"surplus":-0.0269999995,"surplus_low":-0.027,"fullrisk":2.2,"required_bid_target":0.055}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260911P00054500","S":58.1,"K":54.5,"T":0.0191780822,"sigma":0.1240584425,"iv":0.3635,"greeks":{"delta":-0.0436,"gamma":0.0418,"rho":-0.0003,"theta":-0.0253,"vega":0.0056},"bid":0.03,"ask":0.05,"bs":13,"as":24,"quote_time":"2026-09-04T19:59:59.84572288Z","fair_low":1.492e-07,"fair":1.73777e-05,"fair_high":0.0002538466,"hurdle":0.062,"surplus":-0.0619826223,"surplus_low":-0.0619998508,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLF","occ":"XLF260925C00063500","S":58.1,"K":63.5,"T":0.0575342466,"sigma":0.1240584425,"iv":0.2206,"greeks":{"delta":0.0399,"gamma":0.0302,"rho":0.0011,"theta":-0.007,"vega":0.0111},"bid":0.03,"ask":0.06,"bs":137,"as":197,"quote_time":"2026-09-04T19:59:58.684169327Z","fair_low":4.47646e-05,"fair":0.0009029304,"fair_high":0.0054034216,"hurdle":0.077,"surplus":-0.0760970696,"surplus_low":-0.0769552354,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260925P00052000","S":58.1,"K":52.0,"T":0.0575342466,"sigma":0.1240584425,"iv":0.2519,"greeks":{"delta":-0.0205,"gamma":0.0152,"rho":-0.0006,"theta":-0.0043,"vega":0.0064},"bid":0.01,"ask":0.04,"bs":202,"as":186,"quote_time":"2026-09-04T19:59:58.68414082Z","fair_low":1.974e-07,"fair":2.52076e-05,"fair_high":0.0003826604,"hurdle":0.057,"surplus":-0.0569747924,"surplus_low":-0.0569998026,"fullrisk":4.2,"required_bid_target":0.105}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF261016P00039000","S":58.1,"K":39.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.5456,"greeks":{"delta":-0.0095,"gamma":0.0025,"rho":-0.0006,"theta":-0.0033,"vega":0.0048},"bid":0.01,"ask":0.06,"bs":100,"as":128,"quote_time":"2026-09-04T19:59:58.675154831Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.087,"surplus":-0.087,"surplus_low":-0.087,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260911P00056000","S":58.1,"K":56.0,"T":0.0191780822,"sigma":0.1240584425,"iv":0.2475,"greeks":{"delta":-0.0736,"gamma":0.0927,"rho":-0.0005,"theta":-0.0258,"vega":0.0085},"bid":0.04,"ask":0.06,"bs":404,"as":366,"quote_time":"2026-09-04T19:59:58.684049742Z","fair_low":0.0007197955,"fair":0.0049104635,"fair_high":0.0158786502,"hurdle":0.072,"surplus":-0.0670895365,"surplus_low":-0.0712802045,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF261009P00051000","S":58.1,"K":51.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.2599,"greeks":{"delta":-0.038,"gamma":0.0185,"rho":-0.002,"theta":-0.0055,"vega":0.0142},"bid":0.06,"ask":0.08,"bs":99,"as":63,"quote_time":"2026-09-04T19:59:59.851872963Z","fair_low":1.8591e-06,"fair":0.00011624,"fair_high":0.0012556348,"hurdle":0.092,"surplus":-0.09188376,"surplus_low":-0.0919981409,"fullrisk":8.2,"required_bid_target":0.205}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

+Z+Vo+6CqmaV8dPJdAwfYylw3XtjL0+OivyaQL5GXixoBdg+4O4c8KzC2gjpsuS0ea/FROXnWVJz2irPU7XumA3+G9cu0ApN8A2HNVbRzwRabmMUfuX+q6rVuPM+ssBalVW9TnLQ3/b+8MDVXX2Jnm58NNQ1BUrmdUnaSiWbdjOgPyveva5IvtHgtYU7t1TBnrNDT6Bxf8RzSOT8oFagFMrnYANN9IjMG+rgkJDV15w4KKj090JMThh94klc13/+m0fYJFhJyYZjzKY8tPF32ffATHBkwXzwU8K54FBYftcW/V4Et4eNQsSig8mlbUgpzYHh7hHBgf0aC8g1reEe569ca72OZi3Wdr2U5yWRGFa+f6mEwBCPTQS3UzjHRpfhEBDTYdlODFCIWlqRCeQBuXICqsuKwBjj0dIliNCmbSxkfqn+rhO/CtyCC3HE+drdrtOgizvsdObOMZROgS9fJ7wn2NWBXtV2US4aZFhIeiR5xYnMNpX3tXjJ5VxwFj62T8Xb/tV9K8Kb2Rxw5Xm7/laFG0RYX8aY+Iw3zTapAoW1cwTuTpBMZdd2NIeDMV7E9JHgaqZzp2h9lyj1SZnYWsgEeN/lMpVQ0jE/0xN5b/TTNMhWWfKCu3V+GUCkooxKx2B0wA1F1F6CPToz1hdDmHJmReBpF05kF5+ubC33Ko9oWVagfIR5BSj3/yitqjj6kdWpjgDvkXC87h+VhtyxVfWJNIHufuzytUj35IhMHbs1Zx+0inp1Qeyox1VG/cbjlUI8Kr/LwPEqHv62iynqCfhq81CeCmUSG1V7jivq/4JzOT6jBZFHZ7nmLXRO7d89hfhRS3S04pvA55mECE1W8xgG74+f0n366FbNYWbGhvdcWLSyOVJmeq42EcF+lu1qtwc5lsvdSHCndrGe3FDxjE5Aa05L9FWAVyGJiftENxysLdv4DkfXcmhd+upUQq318v8UGt+C8mlVWHH8b7N8lG+BvglV7ghy+IY0d1NI4V7+nTnNuobcyGUxa4Ywh5uzEANA1lCBlKQyN0yZNkPWNEF1UXvPmuoOVhxjShkKSsr8oBUN2M3wgHPIlnsHKTPQDmCOaVOHY6Zas2Llierpn0HfOtfuXighaM9BR+ixWy9m9ZzbJw8+ivPtelk0UIm7es25jzX9Hm51PJwpMzX38g8Ri6lVF5T3o5sviKDNiCnlg04Vboz0p0+jP859Z9cd8ir8UbtGR08t06C/tWrDAKUdqCc4mwMqJMwdnAVdqNN7IuZ8+b1dCpl0NhdvAavVcbetTLFdxzrpFf9aBggXCOGpNwG3wVF7z9OItpcEbUeFDSzFMo6xe1YyzxSj11PsKEyoCYfHnndQGj1BfPWD1BxZsayCDrVc2lwQPjCjoY3b90OrcmGNHjLqjDxMqBrQuSvFAmEPWwSt4RWpe7DakdBUzk2EGd0Ygt2ST0J1hel4SBrBSAYG/uJvcSAbGK78JenTBzgHLNmQXqkdRtMy9VSS/cWUEKoXKTkzEMqqg4MEL4HG6MiD7VEtSIr1qP9t5GELWFpIkvyHoWhlU5jT8FHFP7xIfmoKYIpAWn05GB79hiyvyWL/CywhaVO+A9gLXHp/vXS8VCIy0UG65BnSEaCIb74S0yfZdCoMbtfJXef+QdA5B+GtqLYF3LTRstXty5n858MC7b/0V9RHsbU+Mb2zFfyIFivi8A67SaDEAOcHeKddhUjLRr9GUUZamNmhUfP9xmjgpNeZBJydONy3guD/UHTiubq2ZXmo3F2ZwrQi1+7ZxokT5sNGOnZpnUlwqWRCOSCFYnpb9CH9Yay3/rtivIhI4RJtDcZ1PXzM0T0tHk9SAtb1GOeQUjaxoTRM07HSiURJFOktma89dUCa/KPOGpP+D/mXxgrqecyUwU00eXeyail4N6YWQV/ykK+0L51J3hwJysZDcZzd2qWKEzKcIJ/R/pHNRXsMbYZOQkq0VNksejDE56xFJQBnFfg0wCIBzF QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260911P00054000","S":58.1,"K":54.0,"T":0.0191780822,"sigma":0.1240584425,"iv":0.3954,"greeks":{"delta":-0.0361,"gamma":0.0329,"rho":-0.0002,"theta":-0.0236,"vega":0.0048},"bid":0.03,"ask":0.04,"bs":10,"as":12,"quote_time":"2026-09-04T19:59:58.70023314Z","fair_low":3.5e-09,"fair":1.4434e-06,"fair_high":4.36209e-05,"hurdle":0.047,"surplus":-0.0469985566,"surplus_low":-0.0469999965,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLF","occ":"XLF260930P00049000","S":58.1,"K":49.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.3638,"greeks":{"delta":-0.0264,"gamma":0.0115,"rho":-0.001,"theta":-0.0069,"vega":0.0089},"bid":0.04,"ask":0.07,"bs":60,"as":424,"quote_time":"2026-09-04T19:59:58.213560777Z","fair_low":0.0,"fair":1.96e-08,"fair_high":2.5061e-06,"hurdle":0.087,"surplus":-0.0869999804,"surplus_low":-0.087,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260911C00059500","S":58.1,"K":59.5,"T":0.0191780822,"sigma":0.1240584425,"iv":0.191,"greeks":{"delta":0.1229,"gamma":0.175,"rho":0.0008,"theta":-0.0302,"vega":0.0124},"bid":0.06,"ask":0.08,"bs":500,"as":528,"quote_time":"2026-09-04T19:59:58.657327084Z","fair_low":0.0155736846,"fair":0.0420072471,"fair_high":0.080138135,"hurdle":0.092,"surplus":-0.0499927529,"surplus_low":-0.0764263154,"fullrisk":8.2,"required_bid_target":0.205}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260930C00065000","S":58.1,"K":65.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.2359,"greeks":{"delta":0.0339,"gamma":0.0219,"rho":0.0012,"theta":-0.0058,"vega":0.011},"bid":0.03,"ask":0.06,"bs":36,"as":144,"quote_time":"2026-09-04T19:59:58.674870435Z","fair_low":5.4463e-06,"fair":0.0002352589,"fair_high":0.0020753979,"hurdle":0.077,"surplus":-0.0767647411,"surplus_low":-0.0769945537,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF261002C00064000","S":58.1,"K":64.0,"T":0.0767123288,"sigma":0.1240584425,"iv":0.1995,"greeks":{"delta":0.0378,"gamma":0.0271,"rho":0.0015,"theta":-0.0052,"vega":0.0125},"bid":0.01,"ask":0.08,"bs":106,"as":101,"quote_time":"2026-09-04T19:59:59.682359015Z","fair_low":0.0001301929,"fair":0.0019624613,"fair_high":0.0099011811,"hurdle":0.117,"surplus":-0.1150375387,"surplus_low":-0.1168698071,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLF","occ":"XLF261009P00045000","S":58.1,"K":45.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.4073,"greeks":{"delta":-0.0137,"gamma":0.005,"rho":-0.0007,"theta":-0.0037,"vega":0.006},"bid":0.03,"ask":0.04,"bs":62,"as":122,"quote_time":"2026-09-04T19:59:58.67506395Z","fair_low":0.0,"fair":0.0,"fair_high":2.3e-09,"hurdle":0.047,"surplus":-0.047,"surplus_low":-0.047,"fullrisk":4.2,"required_bid_target":0.105}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260918C00060500","S":58.1,"K":60.5,"T":0.0383561644,"sigma":0.1240584425,"iv":0.158,"greeks":{"delta":0.0775,"gamma":0.0911,"rho":0.0013,"theta":-0.011,"vega":0.0146},"bid":0.04,"ask":0.07,"bs":371,"as":508,"quote_time":"2026-09-04T19:59:59.404611235Z","fair_low":0.0096143797,"fair":0.0331153786,"fair_high":0.0726907965,"hurdle":0.087,"surplus":-0.0538846214,"surplus_low":-0.0773856203,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260911C00060000","S":58.1,"K":60.0,"T":0.0191780822,"sigma":0.1240584425,"iv":0.2178,"greeks":{"delta":0.0834,"gamma":0.1158,"rho":0.0005,"theta":-0.0259,"vega":0.0093},"bid":0.04,"ask":0.06,"bs":257,"as":328,"quote_time":"2026-09-04T19:59:59.950683982Z","fair_low":0.0030715626,"fair":0.013395081,"fair_high":0.0334780638,"hurdle":0.072,"surplus":-0.058604919,"surplus_low":-0.0689284374,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF261009P00046000","S":58.1,"K":46.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.3769,"greeks":{"delta":-0.0147,"gamma":0.0057,"rho":-0.0008,"theta":-0.0037,"vega":0.0064},"bid":0.03,"ask":0.04,"bs":65,"as":59,"quote_time":"2026-09-04T19:59:59.799142277Z","fair_low":0.0,"fair":0.0,"fair_high":4.2e-08,"hurdle":0.047,"surplus":-0.047,"surplus_low":-0.047,"fullrisk":4.2,"required_bid_target":0.105}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260915P00054000","S":58.1,"K":54.0,"T":0.0301369863,"sigma":0.1240584425,"iv":0.3007,"greeks":{"delta":-0.0461,"gamma":0.0374,"rho":-0.0006,"theta":-0.0153,"vega":0.0083},"bid":0.03,"ask":0.07,"bs":260,"as":218,"quote_time":"2026-09-04T19:59:58.68402416Z","fair_low":1.3455e-06,"fair":7.79643e-05,"fair_high":0.0008077663,"hurdle":0.092,"surplus":-0.0919220357,"surplus_low":-0.0919986545,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF261009P00047000","S":58.1,"K":47.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.3603,"greeks":{"delta":-0.0192,"gamma":0.0075,"rho":-0.001,"theta":-0.0044,"vega":0.008},"bid":0.01,"ask":0.08,"bs":89,"as":45,"quote_time":"2026-09-04T19:59:59.515068217Z","fair_low":0.0,"fair":2e-09,"fair_high":5.607e-07,"hurdle":0.117,"surplus":-0.116999998,"surplus_low":-0.117,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLF","occ":"XLF260925P00050000","S":58.1,"K":50.0,"T":0.0575342466,"sigma":0.1240584425,"iv":0.3152,"greeks":{"delta":-0.0137,"gamma":0.0086,"rho":-0.0004,"theta":-0.0039,"vega":0.0045},"bid":0.01,"ask":0.03,"bs":124,"as":107,"quote_time":"2026-09-04T19:59:59.00288063Z","fair_low":0.0,"fair":3.34e-08,"fair_high":3.5326e-06,"hurdle":0.042,"surplus":-0.0419999666,"surplus_low":-0.042,"fullrisk":3.2,"required_bid_target":0.08}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF261009P00049000","S":58.1,"K":49.0,"T":0.095890411,"sigma":0.1240584425,"iv":0.3049,"greeks":{"delta":-0.0245,"gamma":0.011,"rho":-0.0013,"theta":-0.0046,"vega":0.0099},"bid":0.04,"ask":0.06,"bs":103,"as":50,"quote_time":"2026-09-04T19:59:59.851878268Z","fair_low":1.3e-09,"fair":1.0201e-06,"fair_high":4.16522e-05,"hurdle":0.072,"surplus":-0.0719989799,"surplus_low":-0.0719999987,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260914C00061000","S":58.1,"K":61.0,"T":0.0273972603,"sigma":0.1240584425,"iv":0.2255,"greeks":{"delta":0.064,"gamma":0.0691,"rho":0.0007,"theta":-0.0166,"vega":0.0101},"bid":0.03,"ask":0.07,"bs":152,"as":222,"quote_time":"2026-09-04T19:59:59.17265888Z","fair_low":0.0005051154,"fair":0.0041735569,"fair_high":0.01465288,"hurdle":0.092,"surplus":-0.0878264431,"surplus_low":-0.0914948846,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260911P00053500","S":58.1,"K":53.5,"T":0.0191780822,"sigma":0.1240584425,"iv":0.38,"greeks":{"delta":-0.0177,"gamma":0.0189,"rho":-0.0001,"theta":-0.0125,"vega":0.0027},"bid":0.01,"ask":0.02,"bs":11,"as":11,"quote_time":"2026-09-04T19:59:59.730303324Z","fair_low":0.0,"fair":8.79e-08,"fair_high":6.1806e-06,"hurdle":0.027,"surplus":-0.0269999121,"surplus_low":-0.027,"fullrisk":2.2,"required_bid_target":0.055}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

7aVf7FkO1x3WgyWww8HmLc1mXnVZHYYtX0oAwRDKs1TV4M9eQnz7qXF1lmHoscx07IyJxPQDTwRtQekEBbnPK3FSuRlEl6i7z9xj8F1YceyeAkL73qE7l/UIh0kPK28s7vrFb+bUilUme7embpQ1EqodH4F7ntRoZR4fVrrw5RdHu+h0Pn4QnQhaPWh8X8Xt4w12uE7Tq0XiXwz7ZSU6UDy90hZeXdR1oh1cHmR3fc3p1vbtPanlv+XA9IC82N7/1DAxkB3RDCVtX+X6Xu+oEkQFyEz1wUTx+rGXVg28rygtIbG4GDEN5SByyAjftXmYzfAPh9CsTgkyzPF0SB11XXjYNvv86GmzaLIiLpqT6ZHQit6l+wkC1cB9REbsWVCLpSHpAIQGKwyr5Uo0c21xpNdpzr1pnZhLxQw4nxox8I2L8E7Mr3Cy6ZU4vpviVDWaQBt3l0C2QR1aJpiTqZNT2pL7VHn2p583GY5+kb5Y+dUyjXmVfke8VO1cXNPYocy89Nlh01CoJ5vm3A5xcq8Ui1JAvnvfYO1tKpL4Z59/PxVMTzPL3y4gAiQflDwUSBCUJZDXaWtYGEasp9ksorvhRPmq3bLX7RmbM0/XWfxAxzPQyQbJqhA8NRqSJMPIeJdyvjP06R3P+A3ILOBa/D4F1AHyEIHy2QxLVdNd6zIpo294aciyWHkvZ7BWxoOy5y1PkA675xzA4Qw/WxeEGQlfW/M18RXYTU8xnnQsuZVNSBlb6c6HZtuRiMA2tqejR9+srYjo9j8ys9zQc9gP7+Q7R/n4GOIZeG8E3R6efx1VYKr53AhYG7kDPcrg3FP0CFu1ZYj+kntwKx/nhb+XYQoRfAQrGik3AqJtS6mEZ/Rj232Pso+MCv80vJ2pEinWNpbmJ4RC0RfcJtJL5dYaBVJBh+5CMnoV7btqiGvrnffAnEcs/rAfPvPgIttYsyxtvZyLHVKqKbO52swEx3pP1g/o1nDdoldmDAQL0s8lx6ks9Cl2BSPK78IeOJrdeaxH3gFsDqfnN+4A9d9qx6NACSenF6fdvm9O34abz/RI5F5Lc8CgoW2m6KDP127CsN4QI98I5j0BHmrJ6V6+UiiHO5cqtKWdQEzcpRRLdBQv19R6kK8ZYIeayz1iR9SZ41D+Ez4teRj+OuO0EMT1dJeVLDjrARnim2JbvNdakFLeLVeqbfEMxL5f12JFlodBeADTqN0WFtww2qiAqGLEC1JhdPglZM0MESlPHxe763FKAYZJ9ypJmQYteNkkD57fcH8uzJkFtdwI58KZQI871nMujGIEEphNTaE5GTb5lM+eXJ8XoNZXYu4Iztv2TV+Gt3vs/+01zSw9S6rj/BjN0l4BlgDOOw6Cx6HzdB8SsvnyDql7gKTM7OgX5kx5NRq72ExJcxD5vZHcZ4lIVuuCmLZEv7EYJ+/yhEHjFOgGyZpXKntIOtVOYfU66fo56N5x65xSfN3gZtz1IpZkz+6tSFg577gzZ2Tr1qfRdBjq7TvxIAVHgOELQPGKi5VjyILEVafGaQ51KdWYBIBvvsIZfe0ky/MJSjV/5ZVqa+sNdeIxCS4OEyF1UqyA9TGewCS00evAJeMB5AfNsFj2F3/e4QgdeFXxeiDDGCAZEYau2SdwTog0vpHVU8xULL9pADVa6YpwB9HlrjeVYQJTjngZLbWBepr+e2TJDeL8xDYQbSGdaxbeBdi2r8HhJL/sbSBWstpKaaTuJ4hlaQ+v31cEYLft1/bpG0uYbT5MabR/gkVccw0TwIkuax6mbA5v3R845zAtI8m44gt7FB0MtbqNowlWh6HJdnw29hwQGK1743gUFMJYCbrzWrkGlUyGKWLbCFf7ReLP6BpK5umUeu2daADbGv2mGBg/RnwqoYlqwf+1Mba1971JX0vx5NouE3PY6AfKajce3EdC5zSa0O4acd+S+u4eNbCqwnc50XxhwjlafK0F4L5eZMPt193u6aHBdcB/F+KL2AtioS QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260930P00050000","S":58.1,"K":50.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.3326,"greeks":{"delta":-0.0309,"gamma":0.0144,"rho":-0.0012,"theta":-0.0072,"vega":0.0102},"bid":0.04,"ask":0.08,"bs":814,"as":784,"quote_time":"2026-09-04T19:59:58.674860733Z","fair_low":5e-10,"fair":5.448e-07,"fair_high":2.70277e-05,"hurdle":0.102,"surplus":-0.1019994552,"surplus_low":-0.1019999995,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLF","occ":"XLF260930C00063000","S":58.1,"K":63.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.1798,"greeks":{"delta":0.0428,"gamma":0.0347,"rho":0.0015,"theta":-0.0054,"vega":0.0133},"bid":0.01,"ask":0.08,"bs":530,"as":596,"quote_time":"2026-09-04T19:59:58.674884044Z","fair_low":0.0007061838,"fair":0.0060489398,"fair_high":0.022201169,"hurdle":0.117,"surplus":-0.1109510602,"surplus_low":-0.1162938162,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLF","occ":"XLF260925P00051000","S":58.1,"K":51.0,"T":0.0575342466,"sigma":0.1240584425,"iv":0.323,"greeks":{"delta":-0.0302,"gamma":0.0164,"rho":-0.0009,"theta":-0.0077,"vega":0.0088},"bid":0.03,"ask":0.07,"bs":137,"as":101,"quote_time":"2026-09-04T19:59:59.629511542Z","fair_low":1.9e-09,"fair":1.1336e-06,"fair_high":4.37915e-05,"hurdle":0.092,"surplus":-0.0919988664,"surplus_low":-0.0919999981,"fullrisk":7.2,"required_bid_target":0.18}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF261002P00048000","S":58.1,"K":48.0,"T":0.0767123288,"sigma":0.1240584425,"iv":0.3783,"greeks":{"delta":-0.0225,"gamma":0.0093,"rho":-0.0009,"theta":-0.006,"vega":0.0081},"bid":0.03,"ask":0.07,"bs":120,"as":41,"quote_time":"2026-09-04T19:59:59.002845321Z","fair_low":0.0,"fair":1.6e-09,"fair_high":4.429e-07,"hurdle":0.092,"surplus":-0.0919999984,"surplus_low":-0.092,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF261002P00046000","S":58.1,"K":46.0,"T":0.0767123288,"sigma":0.1240584425,"iv":0.4337,"greeks":{"delta":-0.0163,"gamma":0.0062,"rho":-0.0007,"theta":-0.0053,"vega":0.0062},"bid":0.01,"ask":0.07,"bs":67,"as":160,"quote_time":"2026-09-04T19:59:59.003096468Z","fair_low":0.0,"fair":0.0,"fair_high":1e-09,"hurdle":0.102,"surplus":-0.102,"surplus_low":-0.102,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260911C00061000","S":58.1,"K":61.0,"T":0.0191780822,"sigma":0.1240584425,"iv":0.2782,"greeks":{"delta":0.05,"gamma":0.061,"rho":0.0003,"theta":-0.0221,"vega":0.0063},"bid":0.03,"ask":0.04,"bs":215,"as":257,"quote_time":"2026-09-04T19:59:58.684101722Z","fair_low":4.56445e-05,"fair":0.0007677202,"fair_high":0.0041201111,"hurdle":0.047,"surplus":-0.0462322798,"surplus_low":-0.0469543555,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLF","occ":"XLF261016P00042000","S":58.1,"K":42.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.4233,"greeks":{"delta":-0.0073,"gamma":0.0025,"rho":-0.0005,"theta":-0.002,"vega":0.0038},"bid":0.01,"ask":0.03,"bs":118,"as":594,"quote_time":"2026-09-04T19:59:58.675115682Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.042,"surplus":-0.042,"surplus_low":-0.042,"fullrisk":3.2,"required_bid_target":0.08}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF261002C00063000","S":58.1,"K":63.0,"T":0.0767123288,"sigma":0.1240584425,"iv":0.1721,"greeks":{"delta":0.0429,"gamma":0.0348,"rho":0.0017,"theta":-0.005,"vega":0.0139},"bid":0.04,"ask":0.05,"bs":192,"as":221,"quote_time":"2026-09-04T19:59:58.684230999Z","fair_low":0.001084088,"fair":0.0082711837,"fair_high":0.0279864035,"hurdle":0.057,"surplus":-0.0487288163,"surplus_low":-0.055915912,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLF","occ":"XLF261016P00035000","S":58.1,"K":35.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.6313,"greeks":{"delta":-0.005,"gamma":0.0012,"rho":-0.0003,"theta":-0.0022,"vega":0.0027},"bid":0.01,"ask":0.03,"bs":57,"as":317,"quote_time":"2026-09-04T19:59:58.675109626Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.042,"surplus":-0.042,"surplus_low":-0.042,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"XLF","occ":"XLF260917P00049000","S":58.1,"K":49.0,"T":0.0356164384,"sigma":0.1240584425,"iv":0.5393,"greeks":{"delta":-0.0248,"gamma":0.0112,"rho":-0.0004,"theta":-0.0149,"vega":0.0056},"bid":0.03,"ask":0.07,"bs":16,"as":46,"quote_time":"2026-09-04T19:59:59.84195956Z","fair_low":0.0,"fair":0.0,"fair_high":1e-10,"hurdle":0.092,"surplus":-0.092,"surplus_low":-0.092,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260930P00046000","S":58.1,"K":46.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.4599,"greeks":{"delta":-0.0178,"gamma":0.0065,"rho":-0.0007,"theta":-0.0063,"vega":0.0064},"bid":0.03,"ask":0.06,"bs":142,"as":142,"quote_time":"2026-09-04T19:59:59.698241107Z","fair_low":0.0,"fair":0.0,"fair_high":3e-10,"hurdle":0.077,"surplus":-0.077,"surplus_low":-0.077,"fullrisk":6.2,"required_bid_target":0.155}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars

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 QLV90802 reproducibility archive: SIP /data/stock-bars; NasdaqTrader census; Yahoo world; Alpaca crypto; code

Sep8 calculation; Sep4 quotes as timestamped, not executable. CRR200,r.04,q0 assumed,sigma.5RV20var+.5EWMAvar;low/high=.8/1.2sigma,fee.20USD assumed. [{"symbol":"XLF","occ":"XLF260916C00063000","S":58.1,"K":63.0,"T":0.0328767123,"sigma":0.1240584425,"iv":0.2539,"greeks":{"delta":0.0234,"gamma":0.0238,"rho":0.0003,"theta":-0.0072,"vega":0.005},"bid":0.01,"ask":0.03,"bs":1,"as":64,"quote_time":"2026-09-04T19:59:59.682548068Z","fair_low":8.914e-07,"fair":6.30089e-05,"fair_high":0.0007109476,"hurdle":0.042,"surplus":-0.0419369911,"surplus_low":-0.0419991086,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"XLF","occ":"XLF260930P00044000","S":58.1,"K":44.0,"T":0.0712328767,"sigma":0.1240584425,"iv":0.5153,"greeks":{"delta":-0.0128,"gamma":0.0044,"rho":-0.0005,"theta":-0.0053,"vega":0.0048},"bid":0.01,"ask":0.06,"bs":1,"as":296,"quote_time":"2026-09-04T19:59:59.903363825Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.087,"surplus":-0.087,"surplus_low":-0.087,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260918C00063000","S":58.1,"K":63.0,"T":0.0383561644,"sigma":0.1240584425,"iv":0.2449,"greeks":{"delta":0.0316,"gamma":0.0288,"rho":0.0005,"theta":-0.0082,"vega":0.0072},"bid":0.01,"ask":0.05,"bs":246,"as":516,"quote_time":"2026-09-04T19:59:58.674683486Z","fair_low":5.0144e-06,"fair":0.0001999574,"fair_high":0.0016861805,"hurdle":0.072,"surplus":-0.0718000426,"surplus_low":-0.0719949856,"fullrisk":5.2,"required_bid_target":0.13}] https://runway.adityaperswal.workers.dev/data/option-chain/<symbol>?feed=indicative ; https://runway.adityaperswal.workers.dev/data/stock-bars