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":"XLE","occ":"XLE260918P00057000","S":64.06,"K":57.0,"T":0.0383561644,"sigma":0.2079989225,"iv":0.3755,"greeks":{"delta":-0.0328,"gamma":0.0175,"rho":-0.0007,"theta":-0.0137,"vega":0.0081},"bid":0.05,"ask":0.06,"bs":3005,"as":350,"quote_time":"2026-09-04T19:59:59.172388255Z","fair_low":6.35425e-05,"fair":0.0012765967,"fair_high":0.0074161912,"hurdle":0.067,"surplus":-0.0657234033,"surplus_low":-0.0669364575,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"XLE","occ":"XLE261002P00051000","S":64.06,"K":51.0,"T":0.0767123288,"sigma":0.2079989225,"iv":0.4187,"greeks":{"delta":-0.0154,"gamma":0.0055,"rho":-0.0007,"theta":-0.0053,"vega":0.0065},"bid":0.01,"ask":0.07,"bs":7,"as":36,"quote_time":"2026-09-04T19:59:59.486487839Z","fair_low":9.52e-08,"fair":1.94491e-05,"fair_high":0.0004067557,"hurdle":0.102,"surplus":-0.1019805509,"surplus_low":-0.1019999048,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260911C00069000","S":64.06,"K":69.0,"T":0.0191780822,"sigma":0.2079989225,"iv":0.4027,"greeks":{"delta":0.0417,"gamma":0.033,"rho":0.0003,"theta":-0.0303,"vega":0.006},"bid":0.04,"ask":0.05,"bs":268,"as":479,"quote_time":"2026-09-04T19:59:59.226740159Z","fair_low":0.0002793648,"fair":0.0031878075,"fair_high":0.0136220347,"hurdle":0.057,"surplus":-0.0538121925,"surplus_low":-0.0567206352,"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":"XLE260916C00072000","S":64.06,"K":72.0,"T":0.0328767123,"sigma":0.2079989225,"iv":0.3945,"greeks":{"delta":0.0328,"gamma":0.0185,"rho":0.0005,"theta":-0.0164,"vega":0.0074},"bid":0.03,"ask":0.07,"bs":23,"as":50,"quote_time":"2026-09-04T19:59:59.485734463Z","fair_low":2.79567e-05,"fair":0.0007397597,"fair_high":0.0051115644,"hurdle":0.092,"surplus":-0.0912602403,"surplus_low":-0.0919720433,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260916C00070000","S":64.06,"K":70.0,"T":0.0328767123,"sigma":0.2079989225,"iv":0.3146,"greeks":{"delta":0.0399,"gamma":0.0272,"rho":0.0006,"theta":-0.0154,"vega":0.0086},"bid":0.03,"ask":0.07,"bs":163,"as":744,"quote_time":"2026-09-04T19:59:59.323888934Z","fair_low":0.0010728506,"fair":0.008722009,"fair_high":0.030630917,"hurdle":0.092,"surplus":-0.083277991,"surplus_low":-0.0909271494,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260911P00059500","S":64.06,"K":59.5,"T":0.0191780822,"sigma":0.2079989225,"iv":0.401,"greeks":{"delta":-0.0368,"gamma":0.0299,"rho":-0.0003,"theta":-0.0268,"vega":0.0054},"bid":0.03,"ask":0.05,"bs":506,"as":540,"quote_time":"2026-09-04T19:59:59.569077244Z","fair_low":0.0002200497,"fair":0.0026164082,"fair_high":0.011553354,"hurdle":0.062,"surplus":-0.0593835918,"surplus_low":-0.0617799503,"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":"XLE260925P00054500","S":64.06,"K":54.5,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3667,"greeks":{"delta":-0.0203,"gamma":0.0094,"rho":-0.0007,"theta":-0.007,"vega":0.007},"bid":0.01,"ask":0.07,"bs":329,"as":601,"quote_time":"2026-09-04T19:59:59.499436571Z","fair_low":9.3627e-06,"fair":0.0003731834,"fair_high":0.0031982525,"hurdle":0.102,"surplus":-0.1016268166,"surplus_low":-0.1019906373,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"XLE","occ":"XLE260916C00069000","S":64.06,"K":69.0,"T":0.0328767123,"sigma":0.2079989225,"iv":0.2823,"greeks":{"delta":0.0512,"gamma":0.037,"rho":0.0008,"theta":-0.0169,"vega":0.0106},"bid":0.04,"ask":0.08,"bs":66,"as":98,"quote_time":"2026-09-04T19:59:59.060070827Z","fair_low":0.0050907478,"fair":0.0249467472,"fair_high":0.0678630878,"hurdle":0.102,"surplus":-0.0770532528,"surplus_low":-0.0969092522,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE260925P00056000","S":64.06,"K":56.0,"T":0.0575342466,"sigma":0.2079989225,"iv":0.3074,"greeks":{"delta":-0.0211,"gamma":0.0116,"rho":-0.0007,"theta":-0.006,"vega":0.0072},"bid":0.01,"ask":0.06,"bs":383,"as":492,"quote_time":"2026-09-04T19:59:59.106973842Z","fair_low":0.0001760002,"fair":0.0026676997,"fair_high":0.0135389053,"hurdle":0.087,"surplus":-0.0843323003,"surplus_low":-0.0868239998,"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":"XLE260914P00060000","S":64.06,"K":60.0,"T":0.0273972603,"sigma":0.2079989225,"iv":0.2617,"greeks":{"delta":-0.0326,"gamma":0.0314,"rho":-0.0004,"theta":-0.0119,"vega":0.0065},"bid":0.01,"ask":0.05,"bs":419,"as":183,"quote_time":"2026-09-04T19:59:59.420940494Z","fair_low":0.0043550914,"fair":0.0216187801,"fair_high":0.0578510446,"hurdle":0.072,"surplus":-0.0503812199,"surplus_low":-0.0676449086,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"XLE","occ":"XLE261016C00080000","S":64.06,"K":80.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3288,"greeks":{"delta":0.024,"gamma":0.0082,"rho":0.0016,"theta":-0.0051,"vega":0.0118},"bid":0.04,"ask":0.08,"bs":358,"as":625,"quote_time":"2026-09-04T19:59:59.279728922Z","fair_low":4.824e-05,"fair":0.0013615615,"fair_high":0.0095708202,"hurdle":0.102,"surplus":-0.1006384385,"surplus_low":-0.10195176,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE260918P00059000","S":64.06,"K":59.0,"T":0.0383561644,"sigma":0.2079989225,"iv":0.2773,"greeks":{"delta":-0.0395,"gamma":0.0277,"rho":-0.0008,"theta":-0.0117,"vega":0.0095},"bid":0.04,"ask":0.06,"bs":451,"as":370,"quote_time":"2026-09-04T19:59:59.10950349Z","fair_low":0.0031438563,"fair":0.0181235608,"fair_high":0.0527388552,"hurdle":0.072,"surplus":-0.0538764392,"surplus_low":-0.0688561437,"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

YpBufiDiIxYZPkvn0TBD2Of287hJhzyJEKA7PcKam1pSg7AwzBJLzFV0Mn7uImfMbxN0Tvh2ntPQsu/v8DyOmocnXy+A7g8nL0jNAacFAxI7csESx9Z1i8LIpcsGkWlpcK0msFNKLYXH00Vzpfvsh9E/QiHanGenGwbJ2+3sxMwslO7n5lthWNL4EErSt9YFZdtUGWF1N/cuNu3iruw9u2km0k6hw/AcOoWfqKQIhz9QrVh3k3DNNKlZKaNAmozeMs3citjgBmTWlQyikI3kAsT80ZdWVB9sD0gIitNsboSSYRxYFQmk3Mj79ZTEc9iXUbVUuZ4CW+Y7KR0qRgQezbk+atG+IacEmDA9FiDpUPdDCm2yi254LLCbIlnnEZiNoJT0yr2XzpQuEud/zn6JPIFyBNbuGSEkqnycyAnTyqv/V/Ebui/Zq0+FM5ofG8IdG/yTbMAKv8uZ9lBVl8fvEekQLOCWnM7WQuoKAqq1k1Nh4mgcqnTgw2KkFv2Go9N6e14PBH0SRCszw2f01EPjZUy7wkWDM0983onoo/0Dei2M3PAtIIrycvd5TUEwr38kucceRx4GAQrh1UsWB2mB+lEgzpL+QpCV6itjCLC4Ly4/BGwmiSsREdx/LKiKE1JI6d3iNfHoEFF2B8XQCjjRGElcoDS0xPxGB+RQggsfiuSL4aWjKhyNcXJMQRoBr2VgtzjqhVeDN6x3yribdgxvROeA28gVfK3PlCKFr7J9lZLwCHougVSUC7dPjVh3rTIuAgpqciAXOpBr8osD+DRYIbeP11PWYM/eP+uzYj67tu9u4W6xYs/QeLBBTsewxLU13NqTzdqNtEOkyC7NQHPJUS7lKvrQ1DkZ8hiVP/CPwKGxB6Jo4hcaIq+AFKD0esVRPQc0jsWWTx+kHNvNlDahXpdzDfkGaUeYayAPUpEStSb/LV1aDB+ABQJ+LHRvUJmLuiseuHvYby8ADAAUZj4RqsBoI5kS4R+HPYgRgB4x9C1Tel6H5kJ8O2h/IFAozuPole+697ClswlpO04EbZ4Q1CP6DWQeZN2O3jMdrUQXubYAIRBOwLGQsO1DZvWusZ9t5+xZM7N0I/WF2gkpM/956UYYin06xAGPcSJO+/opLOLFJGLfCEiUDrMEypL8oc9qRqAETm7bcpeNhHToNptO7PHXT9J6bEoHu2aI6/ehgNFpjlZeXwjVD3bVjpFOkcFZpmzzBsalMeC2KIs0xE4e6tVlwj/mCBIhjD3X5I+oz6LznsJPc2+uapgduFdbSQUfD41Oo7fQnDGNpWEWVnVdI9X4yjUR2RUCARrFZCI2ET2kbwmXxwYwL2RflQrKApZNNVvBB9E02LNfTaEoM35sakpuyL1khgAx/fj8JrbB8PRwKMwxP/h06qOC6O1LHTbg3YhWMFvLA4m74Pv80lUwHgpzqlUzdW8uG4ysHQevJytQDiCdmKqfn5MlbbXlweqTqXlBVPJ+REcL+1q/xaMSqlabuADRdDHaiC1GyIuay8fs88ngjTOBR16hB3GDLnbI4c5xjhNSn86+OQ08r38dSQ1f7b14gKhpiJhLCVzN98vE+PLloWKy8S6pdxJaxV4nortawDM97JKzX8yGqm1fzHCkClXT+Neg98f4ByqEXZ/jvj4Q8033aKauaG+zXpdt0N1m+e6lI/9stNSjljU1VzEJwseURkNpn6U/otLKM9LZjMF/4anFXg/Ioa+0ShR8TQR8VtAL6rYLPrvL8Y0re4ksyAdqPynyhCHIhQvA0SBsup+sGcPiM4Gk5CGkX9H+g+qTMucoBJNq4eM87ocfYv/RODNkvZlH+olEra0//38zxJqhPN2MVGw+5fDjyxzGg1XQyvE9yZ89RinKpdpwPR8b7AJnjVBBxiZ9FfqXc6BlNIY6oY2JkzkFiKBMRkSHvIUn4nrBm8TNKF/EzMF2y1dt219ZnqAH8F+CdlCEoLv20/i84e6uc+6hzrV2svboTr2nDB 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":"XLE260930P00055000","S":64.06,"K":55.0,"T":0.0712328767,"sigma":0.2079989225,"iv":0.2963,"greeks":{"delta":-0.0171,"gamma":0.0089,"rho":-0.0007,"theta":-0.0043,"vega":0.0068},"bid":0.02,"ask":0.04,"bs":206,"as":286,"quote_time":"2026-09-04T19:59:59.00653332Z","fair_low":0.0001464278,"fair":0.0024783177,"fair_high":0.013001129,"hurdle":0.052,"surplus":-0.0495216823,"surplus_low":-0.0518535722,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"XLE","occ":"XLE260918C00070000","S":64.06,"K":70.0,"T":0.0383561644,"sigma":0.2079989225,"iv":0.2891,"greeks":{"delta":0.0427,"gamma":0.0283,"rho":0.0008,"theta":-0.0136,"vega":0.0101},"bid":0.03,"ask":0.08,"bs":189,"as":5,"quote_time":"2026-09-04T19:59:59.174393248Z","fair_low":0.0024495089,"fair":0.0157040717,"fair_high":0.0484538964,"hurdle":0.107,"surplus":-0.0912959283,"surplus_low":-0.1045504911,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XLE","occ":"XLE261016P00050000","S":64.06,"K":50.0,"T":0.1150684932,"sigma":0.2079989225,"iv":0.3742,"greeks":{"delta":-0.017,"gamma":0.0054,"rho":-0.0012,"theta":-0.0041,"vega":0.0088},"bid":0.04,"ask":0.06,"bs":93,"as":260,"quote_time":"2026-09-04T19:59:59.164003274Z","fair_low":2.078e-06,"fair":0.0001594244,"fair_high":0.0019044844,"hurdle":0.072,"surplus":-0.0718405756,"surplus_low":-0.071997922,"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":"TSM","occ":"TSM260911C00477500","S":428.91,"K":477.5,"T":0.0191780822,"sigma":0.2994848405,"iv":0.438,"greeks":{"delta":0.0092,"gamma":0.0013,"rho":0.0004,"theta":-0.0613,"vega":0.0111},"bid":0.04,"ask":0.08,"bs":123,"as":22,"quote_time":"2026-09-04T19:59:59.635421182Z","fair_low":0.0025144511,"fair":0.029709846,"fair_high":0.1286372174,"hurdle":0.102,"surplus":-0.072290154,"surplus_low":-0.0994855489,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSM","occ":"TSM260918P00250000","S":428.91,"K":250.0,"T":0.0383561644,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.03,"ask":0.08,"bs":24,"as":94,"quote_time":"2026-09-04T19:59:59.5029064Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.107,"surplus":-0.107,"surplus_low":-0.107,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSM","occ":"TSM261016C00660000","S":428.91,"K":660.0,"T":0.1150684932,"sigma":0.2994848405,"iv":0.4552,"greeks":{"delta":0.0025,"gamma":0.0001,"rho":0.0011,"theta":-0.0064,"vega":0.0108},"bid":0.01,"ask":0.08,"bs":106,"as":133,"quote_time":"2026-09-04T19:59:59.002303189Z","fair_low":4.23e-07,"fair":0.0001306661,"fair_high":0.0034492547,"hurdle":0.117,"surplus":-0.1168693339,"surplus_low":-0.116999577,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"XBI","occ":"XBI260911P00148500","S":163.81,"K":148.5,"T":0.0191780822,"sigma":0.3098847964,"iv":0.4583,"greeks":{"delta":-0.0189,"gamma":0.0059,"rho":-0.0003,"theta":-0.045,"vega":0.0079},"bid":0.04,"ask":0.07,"bs":25,"as":205,"quote_time":"2026-09-04T19:59:59.963815275Z","fair_low":0.0030011361,"fair":0.0238182717,"fair_high":0.0841223495,"hurdle":0.087,"surplus":-0.0631817283,"surplus_low":-0.0839988639,"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":"TSM","occ":"TSM260918P00290000","S":428.91,"K":290.0,"T":0.0383561644,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.01,"ask":0.07,"bs":45,"as":54,"quote_time":"2026-09-04T19:59:59.498058246Z","fair_low":0.0,"fair":0.0,"fair_high":3.22e-08,"hurdle":0.102,"surplus":-0.102,"surplus_low":-0.102,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"TSM","occ":"TSM261016P00200000","S":428.91,"K":200.0,"T":0.1150684932,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.01,"ask":0.07,"bs":50,"as":10,"quote_time":"2026-09-04T19:59:59.207660097Z","fair_low":0.0,"fair":0.0,"fair_high":4e-10,"hurdle":0.102,"surplus":-0.102,"surplus_low":-0.102,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"TSM","occ":"TSM260918C00530000","S":428.91,"K":530.0,"T":0.0383561644,"sigma":0.2994848405,"iv":0.448,"greeks":{"delta":0.0035,"gamma":0.0003,"rho":0.0004,"theta":-0.0161,"vega":0.0078},"bid":0.03,"ask":0.04,"bs":21,"as":6,"quote_time":"2026-09-04T19:59:59.549561609Z","fair_low":1.40774e-05,"fair":0.0010984051,"fair_high":0.0129959887,"hurdle":0.047,"surplus":-0.0459015949,"surplus_low":-0.0469859226,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"TSM","occ":"TSM260925P00295000","S":428.91,"K":295.0,"T":0.0575342466,"sigma":0.2994848405,"iv":0.6329,"greeks":{"delta":-0.0032,"gamma":0.0002,"rho":-0.0007,"theta":-0.0159,"vega":0.0091},"bid":0.04,"ask":0.08,"bs":87,"as":68,"quote_time":"2026-09-04T19:59:59.770182158Z","fair_low":0.0,"fair":2.564e-07,"fair_high":3.44829e-05,"hurdle":0.102,"surplus":-0.1019997436,"surplus_low":-0.102,"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":"TSM","occ":"TSM260911C00482500","S":428.91,"K":482.5,"T":0.0191780822,"sigma":0.2994848405,"iv":0.4584,"greeks":{"delta":0.0068,"gamma":0.0009,"rho":0.0003,"theta":-0.0492,"vega":0.0085},"bid":0.03,"ask":0.06,"bs":24,"as":24,"quote_time":"2026-09-04T19:59:59.517856958Z","fair_low":0.0007284727,"fair":0.0128380618,"fair_high":0.0705702158,"hurdle":0.077,"surplus":-0.0641619382,"surplus_low":-0.0762715273,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"TSM","occ":"TSM260911P00335000","S":428.91,"K":335.0,"T":0.0191780822,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":3,"as":64,"quote_time":"2026-09-04T19:59:59.091921335Z","fair_low":0.0,"fair":1.5e-09,"fair_high":8.203e-07,"hurdle":0.047,"surplus":-0.0469999985,"surplus_low":-0.047,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"TSM","occ":"TSM261002P00265000","S":428.91,"K":265.0,"T":0.0767123288,"sigma":0.2994848405,"iv":0.6723,"greeks":{"delta":-0.0023,"gamma":0.0001,"rho":-0.0007,"theta":-0.0109,"vega":0.0082},"bid":0.03,"ask":0.08,"bs":5,"as":6,"quote_time":"2026-09-04T19:59:59.832662851Z","fair_low":0.0,"fair":6.5e-09,"fair_high":2.7672e-06,"hurdle":0.107,"surplus":-0.1069999935,"surplus_low":-0.107,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSM","occ":"TSM261002P00280000","S":428.91,"K":280.0,"T":0.0767123288,"sigma":0.2994848405,"iv":0.6161,"greeks":{"delta":-0.0032,"gamma":0.0001,"rho":-0.001,"theta":-0.0132,"vega":0.0108},"bid":0.06,"ask":0.08,"bs":26,"as":37,"quote_time":"2026-09-04T19:59:59.097372086Z","fair_low":1e-10,"fair":4.255e-07,"fair_high":4.99217e-05,"hurdle":0.092,"surplus":-0.0919995745,"surplus_low":-0.0919999999,"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":"TSM","occ":"TSM261016P00170000","S":428.91,"K":170.0,"T":0.1150684932,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.01,"ask":0.04,"bs":1,"as":75,"quote_time":"2026-09-04T19:59:59.6892559Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.057,"surplus":-0.057,"surplus_low":-0.057,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"TSM","occ":"TSM261016P00165000","S":428.91,"K":165.0,"T":0.1150684932,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":200,"as":3,"quote_time":"2026-09-04T19:59:59.816910229Z","fair_low":0.0,"fair":0.0,"fair_high":0.0,"hurdle":0.047,"surplus":-0.047,"surplus_low":-0.047,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"TSM","occ":"TSM260918C00550000","S":428.91,"K":550.0,"T":0.0383561644,"sigma":0.2994848405,"iv":0.5237,"greeks":{"delta":0.0035,"gamma":0.0003,"rho":0.0004,"theta":-0.0185,"vega":0.0077},"bid":0.03,"ask":0.05,"bs":2,"as":2,"quote_time":"2026-09-04T19:59:58.726260763Z","fair_low":1.993e-07,"fair":6.43515e-05,"fair_high":0.0017317917,"hurdle":0.062,"surplus":-0.0619356485,"surplus_low":-0.0619998007,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"TSM","occ":"TSM260911C00500000","S":428.91,"K":500.0,"T":0.0191780822,"sigma":0.2994848405,"iv":0.5163,"greeks":{"delta":0.0022,"gamma":0.0003,"rho":0.0001,"theta":-0.0204,"vega":0.0031},"bid":0.01,"ask":0.02,"bs":2,"as":2,"quote_time":"2026-09-04T19:59:59.518914662Z","fair_low":5.3637e-06,"fair":0.0004914517,"fair_high":0.006670622,"hurdle":0.027,"surplus":-0.0265085483,"surplus_low":-0.0269946363,"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":"TSLA","occ":"TSLA261016C00860000","S":354.08,"K":860.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.08,"bs":152,"as":124,"quote_time":"2026-09-04T19:59:59.47022417Z","fair_low":4.3e-09,"fair":9.4729e-06,"fair_high":0.0006429488,"hurdle":0.117,"surplus":-0.1169905271,"surplus_low":-0.1169999957,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSLA","occ":"TSLA261016C00810000","S":354.08,"K":810.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.05,"ask":0.08,"bs":96,"as":100,"quote_time":"2026-09-04T19:59:59.72459574Z","fair_low":6.39e-08,"fair":4.97903e-05,"fair_high":0.002101185,"hurdle":0.097,"surplus":-0.0969502097,"surplus_low":-0.0969999361,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSM","occ":"TSM260918C00520000","S":428.91,"K":520.0,"T":0.0383561644,"sigma":0.2994848405,"iv":0.4122,"greeks":{"delta":0.0038,"gamma":0.0004,"rho":0.0005,"theta":-0.0159,"vega":0.0084},"bid":0.03,"ask":0.04,"bs":121,"as":26,"quote_time":"2026-09-04T19:59:59.516394651Z","fair_low":9.74887e-05,"fair":0.0039071531,"fair_high":0.0328257666,"hurdle":0.047,"surplus":-0.0430928469,"surplus_low":-0.0469025113,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"TSM","occ":"TSM260911P00340000","S":428.91,"K":340.0,"T":0.0191780822,"sigma":0.2994848405,"iv":null,"greeks":null,"bid":0.03,"ask":0.07,"bs":96,"as":96,"quote_time":"2026-09-04T19:59:59.686940671Z","fair_low":0.0,"fair":1.66e-08,"fair_high":4.0683e-06,"hurdle":0.092,"surplus":-0.0919999834,"surplus_low":-0.092,"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":"TSLA","occ":"TSLA261016P00125000","S":354.08,"K":125.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":26,"as":27,"quote_time":"2026-09-04T19:59:59.406545395Z","fair_low":0.0,"fair":1.84e-08,"fair_high":6.1097e-06,"hurdle":0.087,"surplus":-0.0869999816,"surplus_low":-0.087,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"TSLA","occ":"TSLA261016C00890000","S":354.08,"K":890.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.07,"bs":33,"as":8,"quote_time":"2026-09-04T19:59:59.406612392Z","fair_low":9e-10,"fair":3.3674e-06,"fair_high":0.0003112184,"hurdle":0.092,"surplus":-0.0919966326,"surplus_low":-0.0919999991,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"TSLA","occ":"TSLA261016C00800000","S":354.08,"K":800.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.05,"bs":86,"as":100,"quote_time":"2026-09-04T19:59:59.480298264Z","fair_low":1.146e-07,"fair":7.25055e-05,"fair_high":0.0026738239,"hurdle":0.062,"surplus":-0.0619274945,"surplus_low":-0.0619998854,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"TSLA","occ":"TSLA261002P00140000","S":354.08,"K":140.0,"T":0.0767123288,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":5,"as":10,"quote_time":"2026-09-04T19:59:59.407161042Z","fair_low":0.0,"fair":5e-10,"fair_high":4.705e-07,"hurdle":0.077,"surplus":-0.0769999995,"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

0qNBI4mK1bhQfr7yPq/KNxc9J/n7b5cNLvfXxg1zMVW/kta9l7Fmu9x4CAlqiQr+e8Lk7mtQs7WPyq5GTzPfghvtPE4XpH6reV4V5b9vsAm5fUnJX0KGvvi1UPrjWkEfMCljnXW9R0yEiw0xNQkCJMGFFHYSRL0tXo3C/y7yYiyeGqxTBLvPxFJNIzCW9GFFAVNvjgX2TsCza3mDcoMZUXeHXHBeLtw2xB/D4MbodEl0ULvckExE9d+ihUDorxeM5zLE0e+FCMDe3rZprxJUO+dpsccMu+PNGBbnQH6tSUlmbwt4NRuuH8OLNuuW39vCUNW8uWOGw+/YJP6UY+2/5Ezov33q6Bl6rm63CdORjt+9kyouDg6IM+/wl2+metIMjKWuOS5Akoi6USoqh5Lhog21U+uMsiPY17XXk36gULgPv/P6MZ3p2vuddHQoraYOQ8r0ZjvMejKp8ToQasuCU859I0y8U7TyYXnjRukblBQLufPu9gN/GAfpIMkny2Lvj4Cb23US7DXE/K7f+sjZJC0aBE6LYHhuSCxIFHc3q8efcb/efwVCfXESD76STkqC/fBazGoAiG1UbQSJIej2clpWDbFTFv/3T7gQTBcUDrIVQjMX/IGztG1+c3iyY2qi6zfZzap1wxqM+EiCcpiE+Ymc4xs3cVUBteqA3J1P6NCLeCyvz0P211wcQqVLgFlv9CkK2OaELtbYn0U4phYMZnZvgKCxCtJjJX+v9V5xJoxA1FCtGQbwRtsHCfjYnzym8T1ThVSW/f1tDNrx/nAIsEv32ab2/7tkhvzpcRssoXALa/e56v36JThEk7l8yCmYoq0holcXQLHuniA8o6XFZNWCb7A6jGOBu0E0Ptpe7oXUpSPnGWgRvkfy/C2dM/CvXUHTLVSHf3InFxRnwmZOQtdjexW+6pkZAtVKktm+tfdF1bEGNvOMs7M1gSYHQre/2qEZdvowJKoPKEsv6/ZenHzLAU5ypRjJSiC/K56NmndvXXTnHgHsh/m67tnnkdng6Mbfup82ZPf876fhGiJKSgMouIRrP5B6YlZRkShYDUpu7voX3vLgx2JiwloMKILprCwYMGUgqOJ7bNlW6xSTyqxo8xZdlMr69FGsv3RfaQF5LaGPYiv9TaIz5uvDitD2ysgeN9CIdX0jTtcG08T3qN5A6/cL4YakOcmDogLCAY/NGCVVNEZzrpRZOfMJ4d034PFE58ZVuxqjgeQZhJMRTTVeXIbYZT3ARblOfbZPHBZ7VEygG7DlUkmgfMABb7/+V9sTuGlPiLDJjZB7QeYo12EmQ58JxzEqH+68ytMAS2PAkU+Bs9i6R9Tpha4xJCRf8EFIxcdLvR73d04HFMv/zKW9mY4Ra1PwXaGUOTEkl19/+00NWXBkLOjr0mQuLmhgt/jdln7r6DnN78YExPHJq4YTKKYnsi+9KBTNGjOK5sSOwj58S1TETVtQB7NZet6bOZtKpAKbt9pDgmRkHywh65nitwL1NP4dczRDt82Q/m+TWuVNc8pm0C8m4fR8IbaWN+xaL8dzYlSeDunuhvQVHgUX6D3CqCFFNbOhWXM6kNAEREJWOGBHb3QZ+L4XXHCGjwpeiWcAylzjOJ0pp5U85+cFjGUOoxk6sDk4FvEogf7Xm3MyNYw/22cccV4g1AHf3+/bzZuu9/l6TQQibJzlFT08S3/u8IhA+jyH0r4OeKyC+HKsFjPu6Hb/DOs4XQ+Fg53YXjVby3gXR8h7j3U9LG7Lq4kgRcNiUOcmx73+lZAiQdYac+DQ1y5ELhRb0MlDNTwqL6ZNGczbt05rL5VoQudaQ8Jgu9tafhQWrWx870y+q77k7ahep+EgYBwuXCTJ5egCGQEpIuY1LYAKPrYZVgN/R+Im0bcAVWLPxEq61j72WG4xhcV2SRMgaBWzddSLV0EpKOAHsuKPE9eAQl5nyyu40sGTQy5a9pB5Gax/LEnJinVd74pbz49XOghIXQ5wtE9Umf 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":"TSLA","occ":"TSLA261002P00150000","S":354.08,"K":150.0,"T":0.0767123288,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.08,"bs":40,"as":72,"quote_time":"2026-09-04T19:59:58.9951287Z","fair_low":0.0,"fair":1.14e-08,"fair_high":4.0389e-06,"hurdle":0.107,"surplus":-0.1069999886,"surplus_low":-0.107,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSLA","occ":"TSLA261016P00120000","S":354.08,"K":120.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":36,"as":65,"quote_time":"2026-09-04T19:59:59.243445952Z","fair_low":0.0,"fair":3.8e-09,"fair_high":2.0207e-06,"hurdle":0.077,"surplus":-0.0769999962,"surplus_low":-0.077,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"TSLA","occ":"TSLA261016P00100000","S":354.08,"K":100.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.04,"ask":0.08,"bs":10,"as":167,"quote_time":"2026-09-04T19:59:59.546693731Z","fair_low":0.0,"fair":0.0,"fair_high":1.25e-08,"hurdle":0.102,"surplus":-0.102,"surplus_low":-0.102,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSLA","occ":"TSLA261016C00900000","S":354.08,"K":900.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.07,"bs":460,"as":101,"quote_time":"2026-09-04T19:59:59.26710959Z","fair_low":5e-10,"fair":2.3491e-06,"fair_high":0.0002425318,"hurdle":0.102,"surplus":-0.1019976509,"surplus_low":-0.1019999995,"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

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":"TSLA","occ":"TSLA261016P00135000","S":354.08,"K":135.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":113,"as":86,"quote_time":"2026-09-04T19:59:59.249264553Z","fair_low":0.0,"fair":2.602e-07,"fair_high":3.81967e-05,"hurdle":0.077,"surplus":-0.0769997398,"surplus_low":-0.077,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"TSLA","occ":"TSLA261002P00170000","S":354.08,"K":170.0,"T":0.0767123288,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.07,"bs":109,"as":66,"quote_time":"2026-09-04T19:59:59.354285017Z","fair_low":7e-10,"fair":1.8758e-06,"fair_high":0.0001500024,"hurdle":0.102,"surplus":-0.1019981242,"surplus_low":-0.1019999993,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"TSLA","occ":"TSLA261016C00850000","S":354.08,"K":850.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.08,"bs":73,"as":75,"quote_time":"2026-09-04T19:59:59.877981598Z","fair_low":8e-09,"fair":1.25231e-05,"fair_high":0.000812321,"hurdle":0.117,"surplus":-0.1169874769,"surplus_low":-0.116999992,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"TSLA","occ":"TSLA261016P00130000","S":354.08,"K":130.0,"T":0.1150684932,"sigma":0.5370894188,"iv":null,"greeks":null,"bid":0.01,"ask":0.08,"bs":115,"as":95,"quote_time":"2026-09-04T19:59:59.539833107Z","fair_low":0.0,"fair":7.02e-08,"fair_high":1.59747e-05,"hurdle":0.117,"surplus":-0.1169999298,"surplus_low":-0.117,"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