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":"XLF260916C00062000","S":58.1,"K":62.0,"T":0.0328767123,"sigma":0.1240584425,"iv":0.2385,"greeks":{"delta":0.0453,"gamma":0.0438,"rho":0.0006,"theta":-0.0118,"vega":0.0087},"bid":0.01,"ask":0.07,"bs":58,"as":106,"quote_time":"2026-09-04T19:59:59.879988288Z","fair_low":5.07927e-05,"fair":0.0009042622,"fair_high":0.004848434,"hurdle":0.102,"surplus":-0.1010957378,"surplus_low":-0.1019492073,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF260917P00055000","S":58.1,"K":55.0,"T":0.0356164384,"sigma":0.1240584425,"iv":0.205,"greeks":{"delta":-0.0482,"gamma":0.0508,"rho":-0.0008,"theta":-0.0096,"vega":0.0096},"bid":0.01,"ask":0.07,"bs":56,"as":82,"quote_time":"2026-09-04T19:59:59.662159499Z","fair_low":0.0003903114,"fair":0.0035574303,"fair_high":0.0133619013,"hurdle":0.102,"surplus":-0.0984425697,"surplus_low":-0.1016096886,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLF","occ":"XLF261016C00067000","S":58.1,"K":67.0,"T":0.1150684932,"sigma":0.1240584425,"iv":0.2229,"greeks":{"delta":0.0311,"gamma":0.0166,"rho":0.0019,"theta":-0.004,"vega":0.0133},"bid":0.03,"ask":0.07,"bs":348,"as":404,"quote_time":"2026-09-04T19:59:59.62382322Z","fair_low":8.1688e-06,"fair":0.000335338,"fair_high":0.0028772902,"hurdle":0.092,"surplus":-0.091664662,"surplus_low":-0.0919918312,"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":"XLE","occ":"XLE261002C00075000","S":64.06,"K":75.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.2846,"greeks":{"delta":0.0204,"gamma":0.0103,"rho":0.0009,"theta":-0.0048,"vega":0.0083},"bid":0.03,"ask":0.04,"bs":327,"as":179,"quote_time":"2026-09-04T19:59:59.726288454Z","fair_low":0.0003072327,"fair":0.0043575848,"fair_high":0.0206760089,"hurdle":0.047,"surplus":-0.0426424152,"surplus_low":-0.0466927673,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLF","occ":"XLF260918P00052500","S":58.1,"K":52.5,"T":0.0383561644,"sigma":0.1240584425,"iv":0.3281,"greeks":{"delta":-0.0338,"gamma":0.0227,"rho":-0.0006,"theta":-0.0111,"vega":0.0076},"bid":0.03,"ask":0.06,"bs":454,"as":496,"quote_time":"2026-09-04T19:59:59.166164569Z","fair_low":8.1e-09,"fair":2.9258e-06,"fair_high":7.95175e-05,"hurdle":0.077,"surplus":-0.0769970742,"surplus_low":-0.0769999919,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLF","occ":"XLF260915C00060000","S":58.1,"K":60.0,"T":0.0301369863,"sigma":0.1240584425,"iv":0.1664,"greeks":{"delta":0.1036,"gamma":0.1258,"rho":0.0013,"theta":-0.0167,"vega":0.0155},"bid":0.06,"ask":0.08,"bs":208,"as":414,"quote_time":"2026-09-04T19:59:59.323405845Z","fair_low":0.0144942614,"fair":0.0428547442,"fair_high":0.0857211537,"hurdle":0.092,"surplus":-0.0491452558,"surplus_low":-0.0775057386,"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":"XLE","occ":"XLE261016P00051000","S":64.06,"K":51.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3307,"greeks":{"delta":-0.0139,"gamma":0.0051,"rho":-0.001,"theta":-0.0031,"vega":0.0074},"bid":0.01,"ask":0.06,"bs":23,"as":13,"quote_time":"2026-09-04T19:59:59.500460459Z","fair_low":1.20704e-05,"fair":0.0004931738,"fair_high":0.0042291998,"hurdle":0.087,"surplus":-0.0865068262,"surplus_low":-0.0869879296,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE260925P00053000","S":64.06,"K":53.0,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3668,"greeks":{"delta":-0.0084,"gamma":0.0044,"rho":-0.0003,"theta":-0.0033,"vega":0.0033},"bid":0.01,"ask":0.02,"bs":44,"as":51,"quote_time":"2026-09-04T19:59:59.982997143Z","fair_low":2.792e-07,"fair":3.68901e-05,"fair_high":0.0006119098,"hurdle":0.027,"surplus":-0.0269631099,"surplus_low":-0.0269997208,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"XLE","occ":"XLE261016C00078000","S":64.06,"K":78.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3043,"greeks":{"delta":0.0294,"gamma":0.0105,"rho":0.0019,"theta":-0.0057,"vega":0.014},"bid":0.06,"ask":0.08,"bs":150,"as":240,"quote_time":"2026-09-04T19:59:59.22529423Z","fair_low":0.0003160498,"fair":0.0047282818,"fair_high":0.0235588964,"hurdle":0.092,"surplus":-0.0872717182,"surplus_low":-0.0916839502,"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":"XLE","occ":"XLE261009P00050000","S":64.06,"K":50.0,"T":0.095890411,"sigma":0.2079989225,"iv":0.3987,"greeks":{"delta":-0.0144,"gamma":0.0048,"rho":-0.0008,"theta":-0.0042,"vega":0.0069},"bid":0.03,"ask":0.05,"bs":7,"as":42,"quote_time":"2026-09-04T19:59:59.510869328Z","fair_low":2.158e-07,"fair":3.52627e-05,"fair_high":0.0006320707,"hurdle":0.062,"surplus":-0.0619647373,"surplus_low":-0.0619997842,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLE","occ":"XLE260925P00054000","S":64.06,"K":54.0,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3982,"greeks":{"delta":-0.0229,"gamma":0.0096,"rho":-0.0007,"theta":-0.0084,"vega":0.0077},"bid":0.03,"ask":0.07,"bs":60,"as":138,"quote_time":"2026-09-04T19:59:59.476626452Z","fair_low":3.0533e-06,"fair":0.0001806531,"fair_high":0.0018939573,"hurdle":0.092,"surplus":-0.0918193469,"surplus_low":-0.0919969467,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260925P00055500","S":64.06,"K":55.5,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3379,"greeks":{"delta":-0.0242,"gamma":0.0118,"rho":-0.0008,"theta":-0.0074,"vega":0.0081},"bid":0.04,"ask":0.05,"bs":154,"as":446,"quote_time":"2026-09-04T19:59:59.499415983Z","fair_low":7.06288e-05,"fair":0.0014589765,"fair_high":0.0085532862,"hurdle":0.057,"surplus":-0.0555410235,"surplus_low":-0.0569293712,"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

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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":"XLE","occ":"XLE261016C00079000","S":64.06,"K":79.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3207,"greeks":{"delta":0.0281,"gamma":0.0096,"rho":0.0019,"theta":-0.0057,"vega":0.0135},"bid":0.06,"ask":0.08,"bs":738,"as":340,"quote_time":"2026-09-04T19:59:59.449844994Z","fair_low":0.000125536,"fair":0.0025114055,"fair_high":0.0151252837,"hurdle":0.092,"surplus":-0.0894885945,"surplus_low":-0.091874464,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE260925P00053500","S":64.06,"K":53.5,"T":0.0575342466,"sigma":0.2079989225,"iv":0.4164,"greeks":{"delta":-0.022,"gamma":0.0089,"rho":-0.0007,"theta":-0.0085,"vega":0.0075},"bid":0.04,"ask":0.06,"bs":43,"as":73,"quote_time":"2026-09-04T19:59:59.645760809Z","fair_low":9.278e-07,"fair":8.48351e-05,"fair_high":0.0010920132,"hurdle":0.072,"surplus":-0.0719151649,"surplus_low":-0.0719990722,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE260925P00056500","S":64.06,"K":56.5,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3025,"greeks":{"delta":-0.0268,"gamma":0.0144,"rho":-0.0009,"theta":-0.0072,"vega":0.0088},"bid":0.02,"ask":0.07,"bs":200,"as":493,"quote_time":"2026-09-04T19:59:59.499347256Z","fair_low":0.0004195145,"fair":0.004856315,"fair_high":0.0208985638,"hurdle":0.097,"surplus":-0.092143685,"surplus_low":-0.0965804855,"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

NNXKvc++8XaoCHMUpIrn1Ttxj6OLlszewdLv1Umho4ZmbkgOzDAL3HGxE6wsIuG+W6niCpFKO5BtGZyOTmYMjuu17vNcIbGMWxhx2BLucrceoQ7rkkOjhady58iyetYttZJ/zcmQD/rwp5u03h2sozJrhDlPEXhGVNtX37UbZ5FCmMxy5gO7C2C2+6HGxSFfYSsoZLoKyX7Xjuxyv6ncymCLc4u1QfyesM8WWHhq4o9bZYBt+Ux3uKxnDfxcNA+jTTsy+tGheH3MnvL2O9i1E0SJvg0WhM5oAKh4dPZ1vFZ2LCEsLmHp+QpX3tG6yPvxp33tgtyCBxWIiyWnkwoNXtmwTOZvTI3Zz52g1I33aowMNLic/2rJKnuAzTaSchHPr4wccwFTSt5YAclugRYVvskOJwmB6O3ZRaJA7iatJ6LU5MynTes8gB/XidshGnl7801z4p/z+2M7Ccwgk1oGS48zrD1NWHmdshwoJumDgOUCwVlLEFHzpHI76CP6A2SVSmnk2ZNOlI8O5AIwvByqgXytALFhXqurmbCWeXYxokVBdTwVyQTs9fbVdLb8R7fU4flhRCUZuOMwZm6L/d/fSdTGpNVGikRnty5azT55deJ+yQfQiqqK0BpU/svl1UI4gJdXSzIEgensUleWxzJoY1deRBPLA8WSFmhhvnaE8ONtiPH+8+BhWcLw4BWmc+o9h3BbLrGYeOYQT8T4op5XPHTeGVtDvSIICGuwXP3F/g/+uhFyAtWs3B/16njs1H+4YaRZORnfyX7F243jj2tmw1WblObxzrwaPaor9ImXOPpHvhlIbYyOHT8vUBfHi6C3HrQ75yCCnVA5d0yvK+nRn/yznX0v1bW1F3lt0t3kWPB61gkxeQyQ9+iU8hR5CXUADIaQyskjJL2ZAVAy0U0JNwYJpbqIlFlyox7I0MLer0KDXVuS6fAcuf1trxLuh7rrB23CyOMwUpVCt5wai+TnOZGT0w5evU/GwsLDWqoTwj/XVRdMb4//PkH9lxgotudfDZhwK/C3qwjw/fue94SUfkCMU8u4RuSR2GF/dXkvWrcTOeiAVxYJXSIRuejLu1zbBlOsrbxZWbO/FetCHZeTpwq/WvnTekwjVqr+/XONXRW3JVejiN/DMBW8p5jDDAVjNo2XglEPcSLHjaobyJwcrFZHo3Sw++ckOVgLvSqA3qc3sMRc5FJEE8sS5GQlEOFovqXdPqWqJkk3Qp32YvGXbFrEIig680cCJbLsRKA0O7mQjrJEDFqrtaPD0HNE+wW3f0IvQiixnhW6VfmgEDsmvNaaYzSHAepWGSLbQS4v1C9qN9x2rpBwZTbUrK+bZhTLDsJJlbkEsSJvOnZXPoHwJiGJcjGuswcz0PiRTcEak0cvF5cplCUHduWTYTvS/TwXSKYVGJwwGKYQaUsfXtu9uP2OXE7lwn4v055fWSuQ9gtbIwhsv6gAx4eugRZtmoB44UUI8rZ7oZBA1aqnnvAh5WBxTxgqXaJrizfTPHRFaWmzeqs4pQTA7CI6PeuP+25tBsMrIesABKWzkoNPXRZSzpUs4Rm1uGFfKRkeoslkJQVCjk+pIaM3VX+ktWk+rNB7h+GPZkgo1ESNkXOFtBuwVGQABfjYpzPGlYavebvKQoOcAMjvvkH/BS4H7qktSSVS4SoT3CKjTWGceygRNpBzsprpzD2yjrjf9oSKzxjpELJxjo7b4MJKEWTAQJs6ryUrBpEEciRfKcw/dCWoKBoDFrSH169MnEtPagXeaiG95Y8m3Gk0XVBHuXNQk8rhH5/rFz/76dG9j6PBWh/hlRkcXZ2MPzyh62jYkXX3TswZL2EkMMdjOJWFgBDIoYWhq7U0wttQw02loBqrvdogRe+IQEfYp7HgL5pmT57kaMh2F8BmewRyn/Js4iSIRKIxjclvsyy3zaEVY6nKefm5k6RlwIL1uunBF/UW9L6HOvKiY14ERBvBJXpPl27BI6h9BU+QLQ9RgQ 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":"XLE","occ":"XLE261009P00053000","S":64.06,"K":53.0,"T":0.095890411,"sigma":0.2079989225,"iv":0.317,"greeks":{"delta":-0.0178,"gamma":0.0073,"rho":-0.001,"theta":-0.004,"vega":0.0083},"bid":0.01,"ask":0.07,"bs":117,"as":208,"quote_time":"2026-09-04T19:59:59.084510713Z","fair_low":5.589e-05,"fair":0.0013770908,"fair_high":0.0088691292,"hurdle":0.102,"surplus":-0.1006229092,"surplus_low":-0.10194411,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE261002P00054000","S":64.06,"K":54.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.3495,"greeks":{"delta":-0.0261,"gamma":0.0103,"rho":-0.0012,"theta":-0.0069,"vega":0.0102},"bid":0.04,"ask":0.08,"bs":25,"as":35,"quote_time":"2026-09-04T19:59:59.446696402Z","fair_low":4.72185e-05,"fair":0.0011524859,"fair_high":0.0076895434,"hurdle":0.102,"surplus":-0.1008475141,"surplus_low":-0.1019527815,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE260911P00060500","S":64.06,"K":60.5,"T":0.0191780822,"sigma":0.2079989225,"iv":0.3259,"greeks":{"delta":-0.0441,"gamma":0.0427,"rho":-0.0003,"theta":-0.0252,"vega":0.0063},"bid":0.01,"ask":0.07,"bs":398,"as":397,"quote_time":"2026-09-04T19:59:59.735907211Z","fair_low":0.0027234272,"fair":0.0145428335,"fair_high":0.0417015086,"hurdle":0.102,"surplus":-0.0874571665,"surplus_low":-0.0992765728,"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

pyHkGSIdhax3bQFQss0dFM2NlEFRJf+xzhPznq7VlI5xHsbBpI11dpD9Al+sG2+jhLZBz38+HsrV8zzzoG3fF7wtTphuHrXLu0km8omJ+3ucW7yxZ5iUvagfjzCj5pZehrDW9Gf629ncJJ5jnRsQ+USHE169Xs3ON+oxYne2PzRhXZeqBnj9SB9mYhCXi1GLUQKZgNsYTbQ1yxA6ywsVuvBXodLT0hDlca1EAB/Q/OvMyATpQ1jIABsU2jcaQlvk/vvJFB3ACtNgoHlOaryM9zS81SQoh8CIsF6bW87KWou3FM85cKdtOjq6qKbaQEM/JuVN+l/BWIMjRvtUrUExx4YtXxVjZqQ1n7b4vGFeDABhVb4whgYV5GK0T9O8NcXdfA/HHiOpj9IPZBb/LoDV/ahV4s740JWWKk5FvCyDS8Y6R+ie/8NhW4gUAeEOQ5IHjmqUHXwLqWe6VUIM/WrQxJNvsn4H+mftULJ1T1WgAcmNV/ma5csxu7g24FXEtCtMlVWeVBJP+Vepz5a6oGK0Nc3WzjP/BjpqIPnc0Vt4wprLrECbj1A+43dO1oJBrqx0rzmYAQlptgqF9pwmjy8edyYJ9X6rRF/qpX/Svy74MuU9A3CUOaztAC6ho+jIKo0kgTrryLa6foiualIGxgpPtxTMaCxkui1+Yx/qMK6xs0bjmaB8xliHRnHpQBxkvxkemlXDGoqKEnn8ZOUSyLvMR61B/va84ZmjnIne4X8kOVEtmLjDvIOtMxtkQorXKluDUClagKaZmeVndYXc0RiAe+SOGEO63iloiqtB+kCjlycOnRNMdmfyCsW8f4EDRTUgAOGWzFOwnojt7mVDx7MX9dsx290YwHWsPQRg+ayZa2Q6j6nvC7LAelhrroyGfOua7Y00aXXj9vekNSXIkHCXW7zfstRU7SdF7dRtXhziPbkwPl3sAzZEYqxzDauCA4s6LFaIFNy/hHr4Hp5mlYECa08Gle4J9ntP8UzoqRmWLOxPdJLwJx0wcxJJaRNixo2rMmG7veYJoX9mPofks4SR3gTiBlksu01ms8jKG5nVXrG3k44JAZKGKC65IMSVwYAIE62nzPxEp+q34SbPNqx3ar/qlheVm0S7YloOeVaU8mq6o/kMCbK694noKWuc0DNuFaX7Ed45jsUzXbPSd4v32v8Wcj7QmEArML6Ho/3zuluhpfNlKBYYUARXDXbrXmPVZlTqC+G9v4iPiOfc/u2T1LnwzcZcdNZTK96GzCCVAG/7e0lsTJ2tx0mlveYwdOvxWSxwQzxn7KKFx1TUeQYW5CVfpA0jGqBAtcMbNY6n55uwyrP9yDEum+9CKU9W/1EniKqXH4UDjyEVS6zEJZsGNxkZpwIY+nHy5y6PeH5bC20Rqw4AvjcPBrN3+M3PhFUeMq/xYDP3hdsQIGR1dtcff+ahmVCvD2PPR25WS5YPbD2fLYWxTPpvb8gdOeaBLC6/pD46o6X3QrkzsHZf9NvoEXQ4mHeMlp/Gx437pctm62LpE2+kiEYYKYj2biI1+5lo8ZN8HQIunRYAs9tBxnId659HvAoP1DtzxoV816mXPru7hEF8GDK2PjaYh/dijRGzMAONC7MyLOLDyOJtcSD7vVSf8M08t/NUdBgvAAuvDLgkP6n2/QKQa89lhyn8ljKvFHpRIYAyKeeJ4uKDwzMzLMx78eW3U+I2k3FQZPs60t5HBmuhO07HZpFCdG4pBg3UM+h3KnOVn641YhwxJK9LwWwsQMM49ZYgNu9qo3xH9vyiCBd2pOnKbRB7WOwVy8j2TxvwpGAD4uZANn2SyN3BE9sveh2FqaxgukcBhNrx92phcfK8R6NQkSbYlVKn2eZ4zUxGx6nQRv/jaWMHRw5oOlKDnRJnc33ZkVXgotTVgUPI1DK6nDH41wVQzmZRkf/knbw/MPV+KeOE4VDRqcKclXekMnQWHZKB8joINHlt+NboeL85a7bz6JQGx+TSz06WlJ36Lm 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":"XLE","occ":"XLE261016P00048000","S":64.06,"K":48.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.4266,"greeks":{"delta":-0.0151,"gamma":0.0043,"rho":-0.0011,"theta":-0.0042,"vega":0.008},"bid":0.03,"ask":0.07,"bs":33,"as":117,"quote_time":"2026-09-04T19:59:59.500013501Z","fair_low":4.13e-08,"fair":1.1965e-05,"fair_high":0.0002941927,"hurdle":0.092,"surplus":-0.091988035,"surplus_low":-0.0919999587,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260914C00069000","S":64.06,"K":69.0,"T":0.0273972603,"sigma":0.2079989225,"iv":0.2737,"greeks":{"delta":0.0273,"gamma":0.0259,"rho":0.0003,"theta":-0.0111,"vega":0.0056},"bid":0.01,"ask":0.04,"bs":5,"as":148,"quote_time":"2026-09-04T19:59:59.990205763Z","fair_low":0.0021480635,"fair":0.0136343026,"fair_high":0.0419556676,"hurdle":0.057,"surplus":-0.0433656974,"surplus_low":-0.0548519365,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLE","occ":"XLE260911P00060000","S":64.06,"K":60.0,"T":0.0191780822,"sigma":0.2079989225,"iv":0.3719,"greeks":{"delta":-0.0435,"gamma":0.037,"rho":-0.0003,"theta":-0.0285,"vega":0.0062},"bid":0.04,"ask":0.05,"bs":411,"as":531,"quote_time":"2026-09-04T19:59:59.223954277Z","fair_low":0.0008110074,"fair":0.006414945,"fair_high":0.0226736088,"hurdle":0.057,"surplus":-0.050585055,"surplus_low":-0.0561889926,"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

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":"XLE","occ":"XLE260911P00061000","S":64.06,"K":61.0,"T":0.0191780822,"sigma":0.2079989225,"iv":0.2949,"greeks":{"delta":-0.0533,"gamma":0.0549,"rho":-0.0004,"theta":-0.0265,"vega":0.0073},"bid":0.03,"ask":0.06,"bs":474,"as":345,"quote_time":"2026-09-04T19:59:59.978100567Z","fair_low":0.0077969048,"fair":0.0305976385,"fair_high":0.0723111244,"hurdle":0.077,"surplus":-0.0464023615,"surplus_low":-0.0692030952,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE261016C00085000","S":64.06,"K":85.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3669,"greeks":{"delta":0.0118,"gamma":0.004,"rho":0.0008,"theta":-0.0031,"vega":0.0064},"bid":0.01,"ask":0.05,"bs":6,"as":725,"quote_time":"2026-09-04T19:59:59.059755567Z","fair_low":2.456e-07,"fair":4.24865e-05,"fair_high":0.0007951054,"hurdle":0.072,"surplus":-0.0719575135,"surplus_low":-0.0719997544,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLE","occ":"XLE260911C00068000","S":64.06,"K":68.0,"T":0.0191780822,"sigma":0.2079989225,"iv":0.3217,"greeks":{"delta":0.0406,"gamma":0.0404,"rho":0.0003,"theta":-0.0238,"vega":0.0058},"bid":0.01,"ask":0.06,"bs":367,"as":177,"quote_time":"2026-09-04T19:59:59.224168903Z","fair_low":0.0025032058,"fair":0.01419909,"fair_high":0.0410347754,"hurdle":0.087,"surplus":-0.07280091,"surplus_low":-0.0844967942,"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":"XLE","occ":"XLE260930P00052000","S":64.06,"K":52.0,"T":0.0712328767,"sigma":0.2079989225,"iv":0.3962,"greeks":{"delta":-0.015,"gamma":0.0059,"rho":-0.0006,"theta":-0.0051,"vega":0.0061},"bid":0.01,"ask":0.06,"bs":193,"as":528,"quote_time":"2026-09-04T19:59:59.224883501Z","fair_low":3.818e-07,"fair":4.86677e-05,"fair_high":0.000744239,"hurdle":0.087,"surplus":-0.0869513323,"surplus_low":-0.0869996182,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE260918P00056000","S":64.06,"K":56.0,"T":0.0383561644,"sigma":0.2079989225,"iv":0.4078,"greeks":{"delta":-0.0256,"gamma":0.0131,"rho":-0.0005,"theta":-0.0121,"vega":0.0066},"bid":0.04,"ask":0.05,"bs":400,"as":346,"quote_time":"2026-09-04T19:59:59.172388255Z","fair_low":5.5317e-06,"fair":0.0002551782,"fair_high":0.0023214386,"hurdle":0.057,"surplus":-0.0567448218,"surplus_low":-0.0569944683,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLE","occ":"XLE260918P00057500","S":64.06,"K":57.5,"T":0.0383561644,"sigma":0.2079989225,"iv":0.3522,"greeks":{"delta":-0.0347,"gamma":0.0196,"rho":-0.0007,"theta":-0.0134,"vega":0.0085},"bid":0.04,"ask":0.07,"bs":373,"as":381,"quote_time":"2026-09-04T19:59:59.498244353Z","fair_low":0.0001897108,"fair":0.0026592339,"fair_high":0.012815556,"hurdle":0.087,"surplus":-0.0843407661,"surplus_low":-0.0868102892,"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":"XLE","occ":"XLE260925C00075000","S":64.06,"K":75.0,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3558,"greeks":{"delta":0.0266,"gamma":0.0122,"rho":0.0008,"theta":-0.0088,"vega":0.0088},"bid":0.04,"ask":0.06,"bs":31,"as":50,"quote_time":"2026-09-04T19:59:59.464848748Z","fair_low":2.76671e-05,"fair":0.0008404536,"fair_high":0.0060576045,"hurdle":0.072,"surplus":-0.0711595464,"surplus_low":-0.0719723329,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE260911C00068500","S":64.06,"K":68.5,"T":0.0191780822,"sigma":0.2079989225,"iv":0.3782,"greeks":{"delta":0.0482,"gamma":0.0395,"rho":0.0003,"theta":-0.032,"vega":0.0067},"bid":0.04,"ask":0.06,"bs":231,"as":238,"quote_time":"2026-09-04T19:59:59.976906369Z","fair_low":0.0008780399,"fair":0.0069260464,"fair_high":0.0241281126,"hurdle":0.072,"surplus":-0.0650739536,"surplus_low":-0.0711219601,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE261002P00054500","S":64.06,"K":54.5,"T":0.0767123288,"sigma":0.2079989225,"iv":0.3237,"greeks":{"delta":-0.0238,"gamma":0.0103,"rho":-0.0011,"theta":-0.0059,"vega":0.0094},"bid":0.04,"ask":0.06,"bs":166,"as":207,"quote_time":"2026-09-04T19:59:59.08434356Z","fair_low":0.0001110253,"fair":0.002062752,"fair_high":0.0116488001,"hurdle":0.072,"surplus":-0.069937248,"surplus_low":-0.0718889747,"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":"XLE","occ":"XLE261002C00080000","S":64.06,"K":80.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.3817,"greeks":{"delta":0.0158,"gamma":0.0062,"rho":0.0007,"theta":-0.0052,"vega":0.0066},"bid":0.03,"ask":0.04,"bs":13,"as":361,"quote_time":"2026-09-04T19:59:59.471796928Z","fair_low":4.814e-07,"fair":6.22176e-05,"fair_high":0.0009766293,"hurdle":0.047,"surplus":-0.0469377824,"surplus_low":-0.0469995186,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLE","occ":"XLE261002P00052000","S":64.06,"K":52.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.3804,"greeks":{"delta":-0.015,"gamma":0.0059,"rho":-0.0007,"theta":-0.0047,"vega":0.0063},"bid":0.03,"ask":0.04,"bs":39,"as":305,"quote_time":"2026-09-04T19:59:59.510213035Z","fair_low":9.26e-07,"fair":8.99192e-05,"fair_high":0.0011846098,"hurdle":0.047,"surplus":-0.0469100808,"surplus_low":-0.046999074,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLE","occ":"XLE261016P00049000","S":64.06,"K":49.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3532,"greeks":{"delta":-0.0079,"gamma":0.0029,"rho":-0.0006,"theta":-0.002,"vega":0.0045},"bid":0.01,"ask":0.03,"bs":187,"as":328,"quote_time":"2026-09-04T19:59:59.993295009Z","fair_low":3.366e-07,"fair":4.63385e-05,"fair_high":0.0007851685,"hurdle":0.042,"surplus":-0.0419536615,"surplus_low":-0.0419996634,"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":"XLE","occ":"XLE260930C00080000","S":64.06,"K":80.0,"T":0.0712328767,"sigma":0.2079989225,"iv":0.4058,"greeks":{"delta":0.0175,"gamma":0.0066,"rho":0.0007,"theta":-0.0063,"vega":0.007},"bid":0.03,"ask":0.05,"bs":58,"as":614,"quote_time":"2026-09-04T19:59:59.119517412Z","fair_low":1.775e-07,"fair":3.12654e-05,"fair_high":0.0005929929,"hurdle":0.062,"surplus":-0.0619687346,"surplus_low":-0.0619998225,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLE","occ":"XLE260930P00052500","S":64.06,"K":52.5,"T":0.0712328767,"sigma":0.2079989225,"iv":0.3522,"greeks":{"delta":-0.0101,"gamma":0.0048,"rho":-0.0004,"theta":-0.0032,"vega":0.0043},"bid":0.01,"ask":0.03,"bs":362,"as":859,"quote_time":"2026-09-04T19:59:59.519996017Z","fair_low":1.208e-06,"fair":0.0001013782,"fair_high":0.0012673118,"hurdle":0.042,"surplus":-0.0418986218,"surplus_low":-0.041998792,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"XLE","occ":"XLE260914C00070000","S":64.06,"K":70.0,"T":0.0273972603,"sigma":0.2079989225,"iv":0.3069,"greeks":{"delta":0.0203,"gamma":0.018,"rho":0.0002,"theta":-0.0096,"vega":0.0043},"bid":0.01,"ask":0.03,"bs":617,"as":774,"quote_time":"2026-09-04T19:59:58.93022192Z","fair_low":0.0003505415,"fair":0.0039364635,"fair_high":0.0167088018,"hurdle":0.042,"surplus":-0.0380635365,"surplus_low":-0.0416494585,"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":"XLE","occ":"XLE260916P00059000","S":64.06,"K":59.0,"T":0.0328767123,"sigma":0.2079989225,"iv":0.3,"greeks":{"delta":-0.0368,"gamma":0.0267,"rho":-0.0006,"theta":-0.0132,"vega":0.0081},"bid":0.01,"ask":0.08,"bs":162,"as":344,"quote_time":"2026-09-04T19:59:59.064101378Z","fair_low":0.0015228128,"fair":0.0107660985,"fair_high":0.0350475179,"hurdle":0.117,"surplus":-0.1062339015,"surplus_low":-0.1154771872,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE261002P00055000","S":64.06,"K":55.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.3225,"greeks":{"delta":-0.0301,"gamma":0.0126,"rho":-0.0014,"theta":-0.0072,"vega":0.0114},"bid":0.05,"ask":0.08,"bs":163,"as":434,"quote_time":"2026-09-04T19:59:59.510829231Z","fair_low":0.0002494275,"fair":0.0035632816,"fair_high":0.0173010796,"hurdle":0.097,"surplus":-0.0934367184,"surplus_low":-0.0967505725,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE260925P00055000","S":64.06,"K":55.0,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3678,"greeks":{"delta":-0.0268,"gamma":0.0118,"rho":-0.0009,"theta":-0.0088,"vega":0.0088},"bid":0.04,"ask":0.07,"bs":233,"as":205,"quote_time":"2026-09-04T19:59:59.982997143Z","fair_low":2.54225e-05,"fair":0.0007608058,"fair_high":0.0052673272,"hurdle":0.087,"surplus":-0.0862391942,"surplus_low":-0.0869745775,"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