Notes

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":"ETHA","occ":"ETHA260918P00016000","S":18.52,"K":16.0,"T":0.0383561644,"sigma":0.5525294078,"iv":0.5672,"greeks":{"delta":-0.0611,"gamma":0.0662,"rho":-0.0004,"theta":-0.0099,"vega":0.0039},"bid":0.04,"ask":0.06,"bs":125,"as":108,"quote_time":"2026-09-04T19:59:59.645819664Z","fair_low":0.0265183141,"fair":0.0737162102,"fair_high":0.1413652392,"hurdle":0.072,"surplus":0.0017162102,"surplus_low":-0.0454816859,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261002C00029000","S":18.52,"K":29.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.04,"ask":0.08,"bs":100,"as":115,"quote_time":"2026-09-04T19:59:59.61278742Z","fair_low":8.60407e-05,"fair":0.0017904554,"fair_high":0.0105012851,"hurdle":0.102,"surplus":-0.1002095446,"surplus_low":-0.1019139593,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA260911C00024000","S":18.52,"K":24.0,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.05,"bs":215,"as":647,"quote_time":"2026-09-04T19:59:59.608875654Z","fair_low":2.8333e-06,"fair":0.0001406866,"fair_high":0.0013401013,"hurdle":0.072,"surplus":-0.0718593134,"surplus_low":-0.0719971667,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA261016C00033000","S":18.52,"K":33.0,"T":0.1150684932,"sigma":0.5525294078,"iv":0.7933,"greeks":{"delta":0.0186,"gamma":0.0095,"rho":0.0003,"theta":-0.0028,"vega":0.0028},"bid":0.01,"ask":0.05,"bs":61,"as":139,"quote_time":"2026-09-04T19:59:59.618544691Z","fair_low":5.15336e-05,"fair":0.0013748494,"fair_high":0.00928467,"hurdle":0.072,"surplus":-0.0706251506,"surplus_low":-0.0719484664,"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":"ETHA","occ":"ETHA260911C00021000","S":18.52,"K":21.0,"T":0.0191780822,"sigma":0.5525294078,"iv":0.6344,"greeks":{"delta":0.0319,"gamma":0.0583,"rho":0.0001,"theta":-0.0111,"vega":0.0014},"bid":0.01,"ask":0.02,"bs":311,"as":138,"quote_time":"2026-09-04T19:59:59.690204078Z","fair_low":0.0091518955,"fair":0.0324549346,"fair_high":0.0723939806,"hurdle":0.027,"surplus":0.0054549346,"surplus_low":-0.0178481045,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA260918C00024000","S":18.52,"K":24.0,"T":0.0383561644,"sigma":0.5525294078,"iv":0.8152,"greeks":{"delta":0.0398,"gamma":0.0327,"rho":0.0002,"theta":-0.0103,"vega":0.0028},"bid":0.01,"ask":0.07,"bs":124,"as":79,"quote_time":"2026-09-04T19:59:59.611282719Z","fair_low":0.0007243755,"fair":0.0063937746,"fair_high":0.0238795764,"hurdle":0.102,"surplus":-0.0956062254,"surplus_low":-0.1012756245,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA261009C00028000","S":18.52,"K":28.0,"T":0.095890411,"sigma":0.5525294078,"iv":0.7312,"greeks":{"delta":0.0371,"gamma":0.0202,"rho":0.0006,"theta":-0.0051,"vega":0.0044},"bid":0.05,"ask":0.06,"bs":13,"as":1,"quote_time":"2026-09-04T19:59:59.614619057Z","fair_low":0.0011797091,"fair":0.0104885809,"fair_high":0.0397155781,"hurdle":0.067,"surplus":-0.0565114191,"surplus_low":-0.0658202909,"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":"ETHA","occ":"ETHA261016C00031000","S":18.52,"K":31.0,"T":0.1150684932,"sigma":0.5525294078,"iv":0.7781,"greeks":{"delta":0.0299,"gamma":0.0144,"rho":0.0005,"theta":-0.0041,"vega":0.0041},"bid":0.04,"ask":0.06,"bs":176,"as":1341,"quote_time":"2026-09-04T19:59:59.865022951Z","fair_low":0.0002854545,"fair":0.0042858476,"fair_high":0.0210560294,"hurdle":0.072,"surplus":-0.0677141524,"surplus_low":-0.0717145455,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260918P00015000","S":18.52,"K":15.0,"T":0.0383561644,"sigma":0.5525294078,"iv":0.7746,"greeks":{"delta":-0.0502,"gamma":0.0415,"rho":-0.0003,"theta":-0.0116,"vega":0.0033},"bid":0.05,"ask":0.06,"bs":125,"as":311,"quote_time":"2026-09-04T19:59:59.978528082Z","fair_low":0.0032833426,"fair":0.0168198628,"fair_high":0.0462463661,"hurdle":0.067,"surplus":-0.0501801372,"surplus_low":-0.0637166574,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261009P00011000","S":18.52,"K":11.0,"T":0.095890411,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.07,"bs":223,"as":432,"quote_time":"2026-09-04T19:59:59.864981161Z","fair_low":2.56574e-05,"fair":0.0007093835,"fair_high":0.0047619704,"hurdle":0.092,"surplus":-0.0912906165,"surplus_low":-0.0919743426,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260925P00010500","S":18.52,"K":10.5,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.05,"bs":108,"as":109,"quote_time":"2026-09-04T19:59:59.977931074Z","fair_low":6.8e-09,"fair":2.8762e-06,"fair_high":8.58104e-05,"hurdle":0.072,"surplus":-0.0719971238,"surplus_low":-0.0719999932,"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":"ETHA","occ":"ETHA260925P00015500","S":18.52,"K":15.5,"T":0.0575342466,"sigma":0.5525294078,"iv":0.5701,"greeks":{"delta":-0.0689,"gamma":0.0566,"rho":-0.0007,"theta":-0.0085,"vega":0.0055},"bid":0.07,"ask":0.08,"bs":81,"as":79,"quote_time":"2026-09-04T19:59:59.62321652Z","fair_low":0.0325890809,"fair":0.0898476153,"fair_high":0.1720560941,"hurdle":0.087,"surplus":0.0028476153,"surplus_low":-0.0544109191,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA260918P00013500","S":18.52,"K":13.5,"T":0.0383561644,"sigma":0.5525294078,"iv":0.8669,"greeks":{"delta":-0.0145,"gamma":0.0132,"rho":-0.0001,"theta":-0.0046,"vega":0.0012},"bid":0.01,"ask":0.02,"bs":70,"as":70,"quote_time":"2026-09-04T19:59:58.702620253Z","fair_low":3.69063e-05,"fair":0.0007953947,"fair_high":0.0047546692,"hurdle":0.027,"surplus":-0.0262046053,"surplus_low":-0.0269630937,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA261009P00013000","S":18.52,"K":13.0,"T":0.095890411,"sigma":0.5525294078,"iv":0.6994,"greeks":{"delta":-0.0338,"gamma":0.0196,"rho":-0.0006,"theta":-0.0044,"vega":0.0041},"bid":0.05,"ask":0.06,"bs":640,"as":139,"quote_time":"2026-09-04T19:59:59.876608398Z","fair_low":0.0029142459,"fair":0.0174875712,"fair_high":0.051999733,"hurdle":0.067,"surplus":-0.0495124288,"surplus_low":-0.0640857541,"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

KhWpNZTE+RXKMPcDC1xgRso9VflKB/WF3I1Nw4pK+tCJzpG041inczB431Z9t6EJRwnK5ET4wezIMh+4p0AaAUFEnhl7Xd047cB/2VfoIuHZ6tQEIp5IHbmlUAPHhQOj6QD8OriGllrWC8aDH7xk6VLezAwIfQywLkp+0TUWB7Ltu6cvqzuUZsHY4GOnwKRobdGpomNmNfMjORUT+/bGqOnZQ+jFbhmX6znk7stCBmlzA8i12FmJhxBXWNCfegpMDF32k13v6TqsEfZm4l5FZd0Y5oA1Nd780Xs2STG8po5QNWLcpP3hB/55/fjKvnkNMYqOikz8cN3AmMPfOeSQpilmmYRnspPe2j7mT9grLzNqaATVJCSMAVyBkz2ROtxJuHe44eUsaDbjc99x08n22Tk/AgCKUDLS7jJ0+w1o/ycRnsvPdi/sUXKuEUFgU2yf5k+jDod2zJbAeBtyg3j0BMIOT/D6Ck8U1fnJhrUCJ1U59ORYy/nYK5bRkVnz/gjzYBUw1wXu8BdIrsbsBjRDJdsxAETsDUOLZe9Kt2dAePMnw76a5yrW2rF3m5PfvtoC0y1zu5xjowL/BevgL+ecDaocAMpeCKGqg9jiPbA3rqB34te6S9/jsHdtU5XWGs7dlQHbJWDG68YhI1JlC7uUV03w76zT8tyBbLFdLUa+kiEhwl36Imj75BdCIxsqfJXDzM+XtLmqNMFEMnDz2FdCQeCifrt73iaa1/TA3sk+c8lonc5rKt7xxdEfGZGlqK1JobYqC/HOtw+OEsWTnyPENv4nXI46rjYYZj5bk73kcrc16E/nF7KlwkdD8FoYwe5aEBcmVKmRxrcyQXTUlWC70bKhrGQ9WPsFFGa3g3xyvhXvLlpJpLgZmjhjbffypv9uk2aRxL4KdOcPPNpE5rViGMd/Y2O852NghNW2UybGzSvqBgv6TzLMZSLeh1CmRqYD+njp3k36/HaWtEAHYRYs6XvyQ4m3X0CiVcM64SdvcCZMXKu7YcgbF6jTp7CCrIW4mrkBNKYtUflzeO5eiJjMBzXSxhgQl31BtbP+jcQ59HdhnMuz1zzQ4mIAaNkyC+iJ1f0x27hivrc+rGGf2EyXVj45yoiqOQ8cfQ0AZzIYsodSaba98KXzcKdD3J3TDzl3YcrCjMtSBmIHs0GQcmqZVUfjZFIVn6/dy7mv6NqA8Vqthe/qK2Ma4FqhvLEx+ZvFEns+qb2fgt4Rb2aV/6cUyh+r9+vc1G9SR7v7/88GhJi6iQ/Ok4xDNP1AgZ+AXLlwEjzB4CXxS62vikbE9Albtq+utFUKItphTqyc9V1cthePZ2Dn4c0RWIkzQv2UuYyfCdYzEfO6ZoC0jDTIvSwA8FILnDPE79CKm6an+e5b/uhAr2Wv60H4hnatrP8XTu3i+EZK9ZjjK/A+a1guRgQycTS3iTnuRhnExVJ9/dOhI9gm6/NPt8bMND94k3U+wLW+HEzYelUTUv1WSM5Au4W6lTjBng6KgrODSzoUjeLEVC2tvr12Aa2KAi9DmXJnmO/1i50RI7D1fI3AJpoqA0hHWYlKPkPXZUcqrxz2xqhGrt8OnAdLVrOzoFybiyxt/6CRo+Dl9o65owQ+UzH51XO8bW2D84RpepJrm7rZWtNEqA9wOmTe2IlmZGaRsAZaF+atFIRLqzoMCWwIvC/mo3dhY4jBtpzXzGXweRy1zmLh6esvubO3ahgdZExT4y4lZXj948bKzlsqz7zy4hmFqouz6fxGI8RJUX4/GFs9wNekbZerYSK2D23dh3JYQpYj98qJjN8+O29ni6hKNy1BOSOGwjjZZ3G2IHIzmebiVeDMjngr8wKxYk2V27fqPzrboQLdDmbAONCKbz24/rNLyBhYEEce2XYmw7IvExeFIaX0tSJBgraPCM09T30Aas429pli2KuAzfmfyriIZ3+9frINEnUAq0PwhqCjCSAS8S/qEyDEq207zZaDEA+iF5kabkMLsNdtF4 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":"ETHA","occ":"ETHA260925C00023000","S":18.52,"K":23.0,"T":0.0575342466,"sigma":0.5525294078,"iv":0.6157,"greeks":{"delta":0.0664,"gamma":0.0509,"rho":0.0006,"theta":-0.0092,"vega":0.0053},"bid":0.06,"ask":0.08,"bs":3,"as":106,"quote_time":"2026-09-04T19:59:59.626843067Z","fair_low":0.0174252123,"fair":0.0608859925,"fair_high":0.1346135918,"hurdle":0.092,"surplus":-0.0311140075,"surplus_low":-0.0745747877,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA261002P00010000","S":18.52,"K":10.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.05,"bs":94,"as":95,"quote_time":"2026-09-04T19:59:59.618625245Z","fair_low":4.92e-08,"fair":1.0796e-05,"fair_high":0.0002272589,"hurdle":0.072,"surplus":-0.071989204,"surplus_low":-0.0719999508,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA261016C00030000","S":18.52,"K":30.0,"T":0.1150684932,"sigma":0.5525294078,"iv":0.749,"greeks":{"delta":0.0335,"gamma":0.0165,"rho":0.0006,"theta":-0.0044,"vega":0.0045},"bid":0.05,"ask":0.06,"bs":374,"as":1766,"quote_time":"2026-09-04T19:59:59.977661434Z","fair_low":0.0006542668,"fair":0.0073784411,"fair_high":0.031414783,"hurdle":0.067,"surplus":-0.0596215589,"surplus_low":-0.0663457332,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261002P00011000","S":18.52,"K":11.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":100,"as":134,"quote_time":"2026-09-04T19:59:59.612195613Z","fair_low":2.9103e-06,"fair":0.000158441,"fair_high":0.0015858932,"hurdle":0.077,"surplus":-0.076841559,"surplus_low":-0.0769970897,"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":"ETHA","occ":"ETHA260925C00029000","S":18.52,"K":29.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":109,"as":100,"quote_time":"2026-09-04T19:59:59.612751324Z","fair_low":5.7904e-06,"fair":0.0002802632,"fair_high":0.0026326692,"hurdle":0.087,"surplus":-0.0867197368,"surplus_low":-0.0869942096,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260918C00025000","S":18.52,"K":25.0,"T":0.0383561644,"sigma":0.5525294078,"iv":0.936,"greeks":{"delta":0.0393,"gamma":0.0282,"rho":0.0002,"theta":-0.0117,"vega":0.0027},"bid":0.04,"ask":0.05,"bs":294,"as":1,"quote_time":"2026-09-04T19:59:59.739618574Z","fair_low":0.000126217,"fair":0.0019899049,"fair_high":0.0101385638,"hurdle":0.057,"surplus":-0.0550100951,"surplus_low":-0.056873783,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA260911P00015500","S":18.52,"K":15.5,"T":0.0191780822,"sigma":0.5525294078,"iv":1.0174,"greeks":{"delta":-0.042,"gamma":0.0454,"rho":-0.0001,"theta":-0.022,"vega":0.0017},"bid":0.03,"ask":0.04,"bs":122,"as":71,"quote_time":"2026-09-04T19:59:59.600791684Z","fair_low":0.0005101598,"fair":0.0042271309,"fair_high":0.0151348957,"hurdle":0.047,"surplus":-0.0427728691,"surplus_low":-0.0464898402,"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":"ETHA","occ":"ETHA260925C00026000","S":18.52,"K":26.0,"T":0.0575342466,"sigma":0.5525294078,"iv":0.7904,"greeks":{"delta":0.0333,"gamma":0.0228,"rho":0.0003,"theta":-0.0068,"vega":0.003},"bid":0.01,"ask":0.07,"bs":79,"as":81,"quote_time":"2026-09-04T19:59:58.70254642Z","fair_low":0.0004478095,"fair":0.0049461381,"fair_high":0.0209952058,"hurdle":0.102,"surplus":-0.0970538619,"surplus_low":-0.1015521905,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260925C00032000","S":18.52,"K":32.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":69,"as":88,"quote_time":"2026-09-04T19:59:58.702540582Z","fair_low":4.83e-08,"fair":1.21954e-05,"fair_high":0.0002858499,"hurdle":0.077,"surplus":-0.0769878046,"surplus_low":-0.0769999517,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261016P00010000","S":18.52,"K":10.0,"T":0.1150684932,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.07,"bs":21,"as":100,"quote_time":"2026-09-04T19:59:59.617442556Z","fair_low":6.5848e-06,"fair":0.0002914699,"fair_high":0.0025855972,"hurdle":0.092,"surplus":-0.0917085301,"surplus_low":-0.0919934152,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260911C00022500","S":18.52,"K":22.5,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":85,"as":64,"quote_time":"2026-09-04T19:59:59.625355202Z","fair_low":0.0002508012,"fair":0.0027164578,"fair_high":0.011479108,"hurdle":0.047,"surplus":-0.0442835422,"surplus_low":-0.0467491988,"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":"ETHA","occ":"ETHA261002C00034000","S":18.52,"K":34.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":89,"as":121,"quote_time":"2026-09-04T19:59:59.612746691Z","fair_low":1.672e-07,"fair":2.96851e-05,"fair_high":0.0005738647,"hurdle":0.087,"surplus":-0.0869703149,"surplus_low":-0.0869998328,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260925C00025000","S":18.52,"K":25.0,"T":0.0575342466,"sigma":0.5525294078,"iv":0.7926,"greeks":{"delta":0.0541,"gamma":0.0337,"rho":0.0005,"theta":-0.01,"vega":0.0045},"bid":0.06,"ask":0.08,"bs":75,"as":155,"quote_time":"2026-09-04T19:59:59.792969324Z","fair_low":0.0016062285,"fair":0.0118601615,"fair_high":0.040383587,"hurdle":0.092,"surplus":-0.0801398385,"surplus_low":-0.0903937715,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA260925P00011000","S":18.52,"K":11.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.05,"bs":86,"as":105,"quote_time":"2026-09-04T19:59:59.611604506Z","fair_low":8.81e-08,"fair":1.5189e-05,"fair_high":0.0002811547,"hurdle":0.062,"surplus":-0.061984811,"surplus_low":-0.0619999119,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA261002P00012500","S":18.52,"K":12.5,"T":0.0767123288,"sigma":0.5525294078,"iv":0.8319,"greeks":{"delta":-0.027,"gamma":0.0155,"rho":-0.0004,"theta":-0.005,"vega":0.003},"bid":0.03,"ask":0.06,"bs":6,"as":2,"quote_time":"2026-09-04T19:59:59.652125012Z","fair_low":0.000288267,"fair":0.0034339826,"fair_high":0.0151239565,"hurdle":0.077,"surplus":-0.0735660174,"surplus_low":-0.076711733,"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":"ETHA","occ":"ETHA260925P00012500","S":18.52,"K":12.5,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":300,"as":121,"quote_time":"2026-09-04T19:59:59.62183189Z","fair_low":3.36838e-05,"fair":0.0007723316,"fair_high":0.004987743,"hurdle":0.077,"surplus":-0.0762276684,"surplus_low":-0.0769663162,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260925P00011500","S":18.52,"K":11.5,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.02,"bs":57,"as":120,"quote_time":"2026-09-04T19:59:59.977199076Z","fair_low":8.25e-07,"fair":6.69397e-05,"fair_high":0.0008162228,"hurdle":0.027,"surplus":-0.0269330603,"surplus_low":-0.026999175,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA261009P00008000","S":18.52,"K":8.0,"T":0.095890411,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":3,"as":207,"quote_time":"2026-09-04T19:59:58.702678478Z","fair_low":0.0,"fair":1.262e-07,"fair_high":9.5021e-06,"hurdle":0.087,"surplus":-0.0869998738,"surplus_low":-0.087,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261002P00010500","S":18.52,"K":10.5,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.03,"bs":99,"as":88,"quote_time":"2026-09-04T19:59:59.618625245Z","fair_low":4.332e-07,"fair":4.47309e-05,"fair_high":0.0006342848,"hurdle":0.042,"surplus":-0.0419552691,"surplus_low":-0.0419995668,"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":"ETHA","occ":"ETHA261009P00009000","S":18.52,"K":9.0,"T":0.095890411,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":53,"as":106,"quote_time":"2026-09-04T19:59:58.702678478Z","fair_low":1.26e-08,"fair":4.5531e-06,"fair_high":0.0001250053,"hurdle":0.087,"surplus":-0.0869954469,"surplus_low":-0.0869999874,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260918C00023000","S":18.52,"K":23.0,"T":0.0383561644,"sigma":0.5525294078,"iv":0.722,"greeks":{"delta":0.0488,"gamma":0.0436,"rho":0.0003,"theta":-0.0108,"vega":0.0033},"bid":0.02,"ask":0.07,"bs":210,"as":165,"quote_time":"2026-09-04T19:59:59.975444685Z","fair_low":0.0036921122,"fair":0.0193401313,"fair_high":0.0541190507,"hurdle":0.097,"surplus":-0.0776598687,"surplus_low":-0.0933078878,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260925C00027000","S":18.52,"K":27.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.04,"ask":0.07,"bs":103,"as":120,"quote_time":"2026-09-04T19:59:59.618705122Z","fair_low":0.0001108808,"fair":0.00197116,"fair_high":0.0108477588,"hurdle":0.087,"surplus":-0.08502884,"surplus_low":-0.0868891192,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA261009C00031000","S":18.52,"K":31.0,"T":0.095890411,"sigma":0.5525294078,"iv":0.8149,"greeks":{"delta":0.0227,"gamma":0.0121,"rho":0.0003,"theta":-0.0038,"vega":0.003},"bid":0.03,"ask":0.04,"bs":62,"as":61,"quote_time":"2026-09-04T19:59:59.618624937Z","fair_low":6.72859e-05,"fair":0.0015651307,"fair_high":0.0099298287,"hurdle":0.047,"surplus":-0.0454348693,"surplus_low":-0.0469327141,"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

ThVv9FDxFLA0Qqfc8RTTrggGxcq9W/AMZPmxVXKAu0D+3nq62xVR2D401FS+/yPlP9P/FVI3WUcXnQF24fIs6XEge1NJpI1XlhdrxQYxDV8HxOdGx7/vKC5PYnoRvcLPxrkg4ZaT5kUQgZVuJmOoQEa84A8YwSn2t9e71BJ36HPzZUwaBRPXeHHLslAA4I2Dt7LHoTAzYn2HnlN3Bz9XEa2Wyy229clFLg+tv6/WQMyxt9i0d6qUlevTsW/eVFg5BEaz66gSvuP/Vr8Z0LoOMFN9m8lqkexeaFiV5puxO18FtqzUyseATgLpyS8fYvtBgLv1gFXQk846LH/GD4XhD1TSnD4rCmBv8s6wrXa7ToMjfbNmadvXW+KAgZoq6H+ri+PFsy0ayF2R/8h0eho0D4tQhpgvuzd6fT9yjq+x0NHQmZuSNV5rzeQhUDl9cOC832qW8xpeh8N33ZAQMTFLBsD2sJETd4+PIeJch1QXQaJgE07nw7kkWtLUNin3QI90OX/YitCFrgabboQfvneLaJ8Cz1HqN/yKCUCBS800AXiET/AKdYMW3B3rhyq4lqDIebQVkTDYjaVV4o59kbMrhPymCCnzzWNjxW79MGYEIT637Pkn+lIX2biWk6Xrb+08Y3RU5keJzf/hU9OZ3wljEO86QjzxKCneVHOtM54qltT/zQb3UD0HPCiZcFxbgy4VHwVQ3LdC2Qx2r7T5R9i6sTV16fnZo/0Mrrjb2hk12hYfN8YJ0pk21p/Ym+jwKnrcGi+pCQB03sJeLYLVRzg+Nm1UgXSWNwLUvtnqC184Jj7SFuG5UK/L02DExmpbJEaITI3iy+UCKt7/7sqIZpVKfmqyoR7cgGzrIrZlym3A1L31o7vCsgjuPdtzIdZV4X4xBdPJsSIEmZ6I+GAw1UBmjwlE7qdlY9mPlG+WW3gQPxfHkW12+cy0VDH1nXI7zox/K5m0pWIosxWJA1zFIkHa4jayMKqfjeiysZqTkQ4kOZlRMMrpSnkBQNTGUWkg1jq+08AVrWwtgyLUMw5px87oA/ngbQFETpnz1JyOcwuFADXQY4wfnQ9R5T23COOlCMp4qUwupnGINRajzP6Wbc7Mt0B5f9l/rPcUDTWFR65Hzn8J5qvN/mcWo/Y6G2MFOjr+lDsPz+p+iAKxdm2nqv5M4pWPJCUHH+mkoK5VzA6yzH2MKxk2dPpL7cIGflRMvo2h1broUjgp4vMEjrwEs5vhNX+t3feVQnTmAG4lTpiuBQ1f8KANgou3FbPS00zEmfwpXuIpr2lSyEKtyarYIgq573ksvYOjX7wam3sKGKn4uO0u8hE5z58FLEU3AYES3L72y5jbiJGODodAsgzrcPAx7BTB9F3pWDoUdVW+nCs4+pCmoyoNCB/DZqYv+sCjMQPXg2wuRRwV4ovmKZqL/1NU/h/i83Bxh+0MRn9gWNLu558BeONHZamNyuZN/7B5w8zw9Vnc15Iu0mCWvQFVGVdZ0YvRcCAW+G1d5ji+7cfwpE25nB0YwkjVbXo6EHhi7Rvy4A+QIOayNxT1CLGtkTqflwDGTXzEva8YEkw31r5NHsjoFAJA5dUQtQRmtR5UltGg6aft/UjMdgQkwOji9hG00EWvsE4RES4STYkFmugE7aVM/KWtx10HyirxYzqgIJxLaozQdguDw/SSOzRtUBPh9PtHiQKBBi31obPEniLtfbM+rjoR/a+TeGTbEkGGzjOZFvmESv/EWhL83PNipw3q7rJs6q/UxjVWV8S0fnCpE46WfYmQnf+qJdauo23TYMnNP0TYxo+2S37duSL+Ofb1ahQvif6CsMj1PKUCyA+ReZ6zdkcjUa+SfZDxXM8reBc+hB4jRyvQKa0167ZuAOHeMgFBs19DulXHkVH3h1QNuTzVZKIcGg5iHOlZ9KBqEbzTxNQrR7IM8YCXd8X24SwiDPeJvOCBa+d7vtcf/R3ImA5eizuropAkpAX4MIV8CcvkWzYafM 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":"ETHA","occ":"ETHA261009P00012000","S":18.52,"K":12.0,"T":0.095890411,"sigma":0.5525294078,"iv":0.8444,"greeks":{"delta":-0.0305,"gamma":0.0149,"rho":-0.0005,"theta":-0.0049,"vega":0.0038},"bid":0.04,"ask":0.08,"bs":82,"as":117,"quote_time":"2026-09-04T19:59:59.005072791Z","fair_low":0.0003648537,"fair":0.0041201482,"fair_high":0.01770998,"hurdle":0.102,"surplus":-0.0978798518,"surplus_low":-0.1016351463,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA260911C00025000","S":18.52,"K":25.0,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.04,"bs":155,"as":166,"quote_time":"2026-09-04T19:59:59.652915634Z","fair_low":9.9e-08,"fair":1.56776e-05,"fair_high":0.0002742347,"hurdle":0.057,"surplus":-0.0569843224,"surplus_low":-0.056999901,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA261002C00033000","S":18.52,"K":33.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.07,"bs":74,"as":100,"quote_time":"2026-09-04T19:59:59.612710789Z","fair_low":6.415e-07,"fair":7.13062e-05,"fair_high":0.001036841,"hurdle":0.092,"surplus":-0.0919286938,"surplus_low":-0.0919993585,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260911P00016000","S":18.52,"K":16.0,"T":0.0191780822,"sigma":0.5525294078,"iv":0.8406,"greeks":{"delta":-0.0436,"gamma":0.0567,"rho":-0.0001,"theta":-0.0187,"vega":0.0018},"bid":0.01,"ask":0.05,"bs":179,"as":130,"quote_time":"2026-09-04T19:59:59.97669227Z","fair_low":0.002790081,"fair":0.0137414921,"fair_high":0.036531821,"hurdle":0.072,"surplus":-0.0582585079,"surplus_low":-0.069209919,"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

W7ShLwzC8ebw4UKBWTfXz4kl2GIdxpswYzrKUJ+dmXXXkq3tjjj/qUwEaKfDXxy+spEtWTmwp5vpyqYZAX85Nxy8JX+Z/oR+59XeaQ+Tic6MSpfkFnUcyhwO9FA5soAfPcZu7yXtYek1zcqaGWedHCrxr8OiV96iGLDX6qC6FKlC5t+vQBBuecEKTzwZHy5QWm2Q6jr3wcR2A0CIuq+zS97ksOXAdyzEpYkMuWrmOx17zMtJwvwCj4HwHURK5tewZea7XDTiPcNg34u3C0+d7B8k2P/BUtF0M3AdzGSC/LZgsS9hYyrbkrQHFwUQSPG8ySwaSKtNs+MEDQ3dZM9iUFuBlPgBsQt0tAlKJvsANWQWwSphks1dUrsw/pqekiM5ZkuK0yEtiLI+t3d7I6+0e/2FErQTOzFOKoDJh85Jlm/VmHRo/4vrhGJbDBlZynEQHF9xAEWNjsYNDSxHeV35tXKEMq+dn/7XehCZgQotph7Os/NIR0Qr/3nLAprZjlEjuRZY3ryuGIVO6hjV4YH6bs8WH72Uq80p0AS3IluZU5uY1s1jKfWyPJnrMabo/IGqhvqi6NFJAvp2n86SZ8vaT5aL6wAq/Ffn3ufmv+QdxWO/mDrhYnbkgenOFHek/4MFHDRJXTyob0p/EJblQ7CWgdt1OxPlrCyKaeJVs1zu9Q5NebvbNsOlv3d1vsVj5zSWX8NVUIQODcoUAsFnZ6wj0UIjplx/uHiHahrRAksoWSRAYU3vF4xcBH/nW0wcw7eHU97hzR+YJNxKaXzosBdq8VDdFCMQp4PqAC0vYQC5OQjgXYxi4jGf2C/wTPMkA8tJpPO1cqE9cMpo+m3Uie/y24ReDJkJUGV3SPlpIUOCMgz3uQPFBh9oWFXr1AcQmvkj7gG9KjDbxhaMONMkHhNTHWslewrP+y8kfvQ0sS3ZyaRPhsic1N+YKpi6U0beZXsW9ryIl8EsrlDJw8RcUep1cE2hYUdn7nxoVQkDAA5fxIUS+cOOIaMNOMb7eMgfbJ7bYuUYkxlwRg2uKuhG3v+0ZAVsbmeXeAd1nzOmn1c19tWudf9jPJcpFNGqchPhqbM8zpd58SRByvCyzReG9wcdJMPZHKDIBlAv4fS6KffNWG3gdcV3orgK5Gs0+KKqP15RFQ7tjK55iscqkirMeLU85rBaN1TOiMX1pF8Nwx1MeuAzPGfcmGnlUO0z46zIi39jP/tE+e6QcoVeEqtkGTdnUqcJyaj441CJ4gEilMmOf40UywXYD7VTBo1iHTyU0QC09kWTHi7+b/7Demvwnd7G6HSPkR18yCiDmy0rJ3C/VtfooEbzJ97zjDfQzwPJvsGAfB0n7SMwoOrf+IIkX3vWWOLJ+utgb6H47RjuViGaPn76tMF6fgHl5Ri7SLi12Sx1qMENj4uDRQU7Y77oSc6BGR3f/FtKHL3UFXbfoJko59dikjORkoH9dB2dgUB5NMK5sqvgg7tumkN1vudvfq4oSRhkwStekAcsK0ZPxETDmKq921WeTSf7Zym0OtiBfnpClUFc90uktxYOS6NWXpI8njLDEcfmHHpa6yEG+7yfmCU3npqgMjL3qqfHn48OR4ITPe9LWdZQ32nu3UK7av//sRunKvMSMkW9vuac1CdXdOIXr4fYz6btMDIpb6Z/DhjmTQ3gmvP6Z2ZQ7L7rKfp1J7iQlB2rg1UbMD2Fv8hRcyPh1w09aCxX5XDOH8lMepocJif1nrqTB9nwueo1geyIEf3u7ZAXBrMHn+KBLWJ/88Cd37vZWXKINSIHwJaaEYj7gCvY0n8+kceVtSK12A3Yy2sFgso2vAfDN7tpT8CIKo+74jr/gcWDJKXSTp+ez1QJQgbvAVpkykWtbmmGNNuztUZ9aY2728g8KnmgcBLrE9fuJgyTokPXqXI2oFplFz4N0RxtXEqV30/MxOLGE3cmbe68BTxsRfV8BejYJHiRxgm/jr+IdC9FtPEYGRUyBNGy4ceR9K 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":"ETHA","occ":"ETHA261002C00027000","S":18.52,"K":27.0,"T":0.0767123288,"sigma":0.5525294078,"iv":0.6973,"greeks":{"delta":0.025,"gamma":0.0173,"rho":0.0003,"theta":-0.004,"vega":0.0028},"bid":0.01,"ask":0.05,"bs":23,"as":27,"quote_time":"2026-09-04T19:59:59.658986066Z","fair_low":0.0008255301,"fair":0.0080312976,"fair_high":0.0313684482,"hurdle":0.072,"surplus":-0.0639687024,"surplus_low":-0.0711744699,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA260918P00014500","S":18.52,"K":14.5,"T":0.0383561644,"sigma":0.5525294078,"iv":0.6939,"greeks":{"delta":-0.0178,"gamma":0.0197,"rho":-0.0001,"theta":-0.0044,"vega":0.0014},"bid":0.01,"ask":0.02,"bs":1087,"as":144,"quote_time":"2026-09-04T19:59:58.81069087Z","fair_low":0.0008859341,"fair":0.0067965062,"fair_high":0.0236330427,"hurdle":0.027,"surplus":-0.0202034938,"surplus_low":-0.0261140659,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA261009P00010000","S":18.52,"K":10.0,"T":0.095890411,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.02,"bs":61,"as":61,"quote_time":"2026-09-04T19:59:59.612129981Z","fair_low":9.153e-07,"fair":7.68274e-05,"fair_high":0.0009498745,"hurdle":0.027,"surplus":-0.0269231726,"surplus_low":-0.0269990847,"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

NEv1BtnLNUKxaTkXlZUSgOHu5AOg6WG6+3B3MYGC5HUvpEbtanJqipPvLZI33FjrjW0W6yZ/VEfJ8+HUalpNdE6aTddbZnmbgkfVJkS29TdjbOejHhsmF2mUZjPLQyOiTgpWRcgOwKAxPviyYx5uvd60A/ckzCFuOtDiu/8ooMamac0PmPxXRWHQZeR4AJHaMVP7364I0uSiYtDXE+h1J11ARvCNDS7ajVaG0/dCQiIwxIxjt0ul3Ra8KGA56Fr1BGjB0ATIN6O0S8fSJ/ao/kqDL1lsCpEMf4CTny3PQoSlkJxYGPhUbtsPZr6gNhSCW1TQkzV5UZpvqHG9Ydjbj1KMTZVX6ofgnlLW+AKwUHHwV5AO7eB4l0dV4pt3ocH/6uJQfsLzilnGe0l2DZWLDOM1alH4vCGWURL5M4z0ly1KSQdqGu0qdU/xL48LLgJSR1AvrwAalMfLUP+A+/GrJ57m2JA88wIlHRSIEVoPdIDA8Fn8EpIPOF4n70EmhLF0IrEVEsZ1g//jVZ8goimb9yFtJtk6cU6O8XBPT/UM3ipGvBK/lzj2751ayomsUpJ/ZHB9Q7QnxdeUhdauD11YpbbwNcTGC+kHR7c/bSQB8pwo0Gl0KBDkiWC8N1+6NXNES63yrcIfRv5wmRTlFPlVIPKUdFxmfNW1sBO7uFgxPrIlRQxx5jPSf9DbjtC3TEokTf93G1xlfCmnr62zXP0WenQ+yacwdfNGexokmdvnIUmS6fRv9lckBbraCIYjaCRr+fztDKCf7QwNZ8A1AJ5+rLgHNwe3YXwPqRErJBWByK7mw5jTKRwYg+HlF3kV4v0HoQLgS077LEb5VyBjYjohKtX6739pYygqmjYgbkM2RNqXnRlvyc4w7xqL2f0fUBrnmyQ31gKqlcLwgmChJIup+4lXw6veuUFAS2/zwHAlvD1W8fHbC7ufIpG8lMqqV6j9ajZhhVPzJ4JAUaWj19S+pZjVUPV/athRmCU2mBA+HuZ1Ua1aYB+/mJdBWNrdaaIkepJ2FlyiiLYSORf+UX/iWhS6R4BgfkvS7NvjsZ1gT1Xh3XPDex1SRxbXiAYVrJhYv4TjmWDSMEZbvpYjW/yMaW8Na/V9EsfPpvQdL8UwgYxwUJtVY4/h5xRhW6loVmQ/0jOGWm2BuOCXffWcHmioa2mukvYTL9KsPBEiYIiEgcUsAC2TYjOHomRFzKeM6HVmZRJXDmKXXZxFIEdhySI/+CowBgWo7Cv2l8AIjlmljqXuZlhtMWvRIJ0NF7cWVV/UXVJythP7hKBoB12CXTuX29Imlu9WJCGKqAc8bVKl/gAXajaVRWr8oN8eEJklXHR9fQ3GMqbm0EbnPrEoVlW2++p888Cq4DU6BrWXH5Xzhkr3LCl6GChUEgtN0hes1/9+CZ6H1wr5ynkCanB8CN40Kb5TrQle9/8pmebSZTWdWGUeddrh9ivLKqZ2DazpqQB/ocod4a0Dfd1Deijw98TS96BrLtE5KLOe1AsO1ZGY+x3zi1jLvKTlgKAMavLYL1mfkyadgZMiyft0bKLj/ermwGwABvWrGVKhNfpdl9x83rmpjltfcyYt6aad7AaVKk4aR1T95KtrwW1Jp9ENRro5EoBbuegMWjDZsgv//7GIZhYfadbgsR0sq3Flu4+P06Illn5EbENNJnVfaqIcL3Abar8mQBOYwyNLKtVWrDOSh7WKtnLKSQLkBgBnd/mucCdvXnydf+3RNvlScBRJ0i/6KI1ywu6qyR+GIjy52y8/5ZssIr9D8EnOdjY4dzbgV22xZF2PT+8nan9ziq7rOTDgWOCVw+Da0/0yYRBQ4LkHWf3GtjAhtEQNH5X/KuYc9lTtqFPR7L0lGq7DvUVb3bqA+EcUZnQYJ7GMjwxlfYB/AZ6Usa9I5SwRJBgEiPKszWRU4cboNY/PCDzWYyrTNscdFHRRBMebUtyN+69qRy7Jesp2gcTqt5lDSq5QrQVi9MNaJHwBAS 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":"ETHA","occ":"ETHA260918P00015500","S":18.52,"K":15.5,"T":0.0383561644,"sigma":0.5525294078,"iv":0.727,"greeks":{"delta":-0.0691,"gamma":0.0569,"rho":-0.0004,"theta":-0.014,"vega":0.0043},"bid":0.07,"ask":0.08,"bs":3,"as":130,"quote_time":"2026-09-04T19:59:59.609793891Z","fair_low":0.0101556703,"fair":0.0369866589,"fair_high":0.0837559529,"hurdle":0.087,"surplus":-0.0500133411,"surplus_low":-0.0768443297,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA261009C00029000","S":18.52,"K":29.0,"T":0.095890411,"sigma":0.5525294078,"iv":0.7106,"greeks":{"delta":0.0222,"gamma":0.0136,"rho":0.0003,"theta":-0.0033,"vega":0.0029},"bid":0.01,"ask":0.05,"bs":15,"as":3,"quote_time":"2026-09-04T19:59:59.616373237Z","fair_low":0.0004598547,"fair":0.0057121531,"fair_high":0.0253305864,"hurdle":0.072,"surplus":-0.0662878469,"surplus_low":-0.0715401453,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA260911C00023500","S":18.52,"K":23.5,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.03,"bs":227,"as":289,"quote_time":"2026-09-04T19:59:59.925264226Z","fair_low":1.41698e-05,"fair":0.0003957241,"fair_high":0.0028826589,"hurdle":0.042,"surplus":-0.0416042759,"surplus_low":-0.0419858302,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"ETHA","occ":"ETHA260925C00031000","S":18.52,"K":31.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.02,"bs":71,"as":89,"quote_time":"2026-09-04T19:59:58.702540582Z","fair_low":2.502e-07,"fair":3.64444e-05,"fair_high":0.0006028893,"hurdle":0.027,"surplus":-0.0269635556,"surplus_low":-0.0269997498,"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