Notes

55OtTvW9Cw1Pi9/ecfW4Sa3rtaJArSQBP8dYygyQLKAPNrRWnDHw4g4YiFCvjiI2gJCkaZUYCm5TLvWGVIQh+kJOmszNQi8BdCdK6NbMjS54Lq966JHfwI5HA5pRGkBbiLx8eXDhmQyoVzKsnIb3gZOnk6HNJkildz9W/Y+KegLbFrytWGA2K9rnVkx1a4xXztLqwb8WodULyKDIObt1W8wocN/LiYFwMMtlbSg/Ksv0Ym8+QWAkuDcbmdaqdyoDdp8sb1h7bXcL7jqDdCJKCtyfvfOk6BM1/EOfzyjsk2T6icPJvKStuU+tGo7rhrdwLwqeh2kLj0u6inWuCIeXFFWTvGtTao0IiYbDm+xLE7DAKtInnbP+EywcDJ0CbK+KX6GomFCeOqYLry1t/DRtfnsWSLrChyZZB9TN0G/Dtpury1eMBxtsq3KMawxzZY0UVyUCGeUgwh4nohjPl0xOzz23yI/XSa+vRJAjWQ0FqxLHm5H1uPKhJX2x+P+9+QoZExo7R2QAVQijzAdKPTuXC4TDGuetJ1IN8Vp3FiOmPMj4Q53zeXPZju/EVrLiO8IkNHDZmIEdTNQ3YYYu5oCtrEt9fhAoOOXi2zKoKaYo42PB0TJfj1AjKLecyZYB149V+RW42MMhRPDzoQWga+hFV+l6aWE3/mnixEwFsg78zuvSYNU7S136PFASm54w2tqhCjoT8J6x2oVYDd9cbrrfyfbw6fW+UDcZWb/Zras4Vm5jGtpYoMjZTPJptEp8wYR1Agul3RkA5xorWE+b35rgbAcHrVi4DYVHG/hoABYJXzpf742Xroqr+594fXbvRawRveC521yeQqPndIZiM8H7ZMSILFy7NwuEAGZCm2FCHElE0Yf0iMc7oGjD5TLQOvPvqcjKoGUuYpUIb4QlyCrFxPpfYjDWleALpbcQ+hIMGfx2mf/Wd2YN/Qsji4tYQ/b4rIU71tQ0NJ/X07tiC4PC4f/lmGDSbZ2jEQVU1ZLJiXEjdo+dSEcpou3U4pGQDF8s2uMp7IBFQBnEIZXhWLS/pXNYVn3ySEHTpBtOuQ8MOP0x8tSdgi/Zf5g+Gqv8vyZLDxx/VF7NDRx+ilSoImhDMq14hPjm1Gvxiys80v1B+Si25YFLrCHE3FpTDQE6RATJOjo+ukH/ytmV9QEqFz/d+UswEKheVNVYQcxJ7S41wdggQ5tQRijXIMH8y6qZfBeWIhKgUTYuEwcd7xr2dUtwixX5eAXKVrCWgKv+c5+lqK6SL1mdcgpQma82qYSEENI5M9XFL7iodVy6hudTwg3Pd1nUCZgKXvUqhbCMvoRLx6ZOUSikNkZGvm7syVEyL5OBMpieNVnz7Uo7guf7kMJE/MWN/8VdeZvqqgPKvv+h7lRZGWzAL3npCFazQYeWr1WdR18zL2p+rdtHT7/0x0+g7IeGhpC/cq+NCx8suBFC5skKFevO8OyWVVgGoTIejq+r9Z1W4+4cgd6EtXVPQNhsKrLlJwBQq0/6ckM4y9Ig5fUWL4n0oUA8kq9neO7QxGsGfUS2pDtZKSW8wHszpj0HLHBiaIoSnH5YvPGBq6pw0Kcu8uc0E+/Fg5GivlbRXh3XiliJDhNGG19HpPzFXRSQTSR8FSLlrJ5gvho+zgCK658jFQVUBg0v90f/X0x/oYFRSDbtZkh/QfM4EnISDkmF8Hu0yn8rx8fTQBP8qezc+UtAWKk9f8AduIWQs3SKbZZaTxxq5F76AIFi/SNTPHXhXGQUmpxuqfhoc11ineHn4TVbIn2h9Lw7cS7i7vBeWrTDf7volyNwP0juWOq6kUtnYI0RiJ/Lv1oR+Py7//6XevHaIZOjAeleZ71Q+2uQpKMFMfXzj34Y2rG/24PT/ShDQlb4FNa6+sFEiATWABfGol1RqTGIaCoFb4Xavzc9zHyztQS5EIjCGwqQlrLIClibxdCY0tqAXKiDj8Fx+SiVH+QAnbZdXZ4CPqroVx62bgCNFJfvDB 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":"ETHA261002P00011500","S":18.52,"K":11.5,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":100,"as":102,"quote_time":"2026-09-04T19:59:59.612230279Z","fair_low":1.67121e-05,"fair":0.0004934132,"fair_high":0.0037022534,"hurdle":0.077,"surplus":-0.0765065868,"surplus_low":-0.0769832879,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261002P00013000","S":18.52,"K":13.0,"T":0.0767123288,"sigma":0.5525294078,"iv":0.8161,"greeks":{"delta":-0.0379,"gamma":0.0208,"rho":-0.0005,"theta":-0.0064,"vega":0.004},"bid":0.05,"ask":0.08,"bs":2,"as":87,"quote_time":"2026-09-04T19:59:59.628503502Z","fair_low":0.0009485632,"fair":0.0078018151,"fair_high":0.0279233894,"hurdle":0.097,"surplus":-0.0891981849,"surplus_low":-0.0960514368,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA261002C00031000","S":18.52,"K":31.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.03,"bs":100,"as":101,"quote_time":"2026-09-04T19:59:59.61278742Z","fair_low":7.9637e-06,"fair":0.0003667895,"fair_high":0.0033540025,"hurdle":0.042,"surplus":-0.0416332105,"surplus_low":-0.0419920363,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"ETHA","occ":"ETHA261002P00013500","S":18.52,"K":13.5,"T":0.0767123288,"sigma":0.5525294078,"iv":0.6612,"greeks":{"delta":-0.0269,"gamma":0.0194,"rho":-0.0004,"theta":-0.0039,"vega":0.003},"bid":0.02,"ask":0.05,"bs":99,"as":259,"quote_time":"2026-09-04T19:59:59.612195613Z","fair_low":0.0027070161,"fair":0.0161686121,"fair_high":0.0478945576,"hurdle":0.067,"surplus":-0.0508313879,"surplus_low":-0.0642929839,"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

mNycCaKEx3LBxx6OMBkX4ouQYGcCdsCqR5+I075HBbiEEhwhjA7XWfbsVlps8d82ZgNPQx7N9GMcl3xls1DLagCQCZwTIjzYCIF+924/rAbb02Ah5MmVk6IULa8p0eoLP1UL2Q6Qjc9PFwSLr36K063qlkAtO5eia6dWQEEWypF/3NedGFYZr/NFeP/2i79ryd+1BKo4yXYjpCgva5RzkLucEejr4taWMWFT2huQHMYYcrzXED7Sh7d6OHotZ8kV0+lxglaFc/s0XTXsoB7QKNdOL62UwwXcisOtGdQiqQQXDhLJJsb1o2pPYu6ffFfBAc+ragI8Ws5l5UBp7rcbDi06ZjzSu4YTaDTSlc5t6kRa5Y/HWCM8bSFZMOZR8r3lvA1dLIthwHtte7N2J5j3unRpHWl3ctSPOBlQUrG3LDnw20z/1ssypekeq9fNr83hIXX51f1IRIG8A4vjsNzLJl2uuDS58eICi2PLY/k5dOL211oT7T/0GZIylVGy/QSg1GG7NN9t+Pfd4tEKOOhX/OgqZLgcWH22RPfVj5OJwjOr4QNxVkfmWw8uTh8LdBIZm1zuH9xYtjCBox60Fo4Ic3ZD3UamFFv/y1iJz4afI5e2Qm2e8KeCaDwfDBgTEHY+DBwH8FVY+AMXEuCTL3RJBaK161c46BzbfSA5Mr9oAULznYdD1cqjht7o9sEu3IDfN1FIexL6x8wFDeN9a1NZQ0AXMasa5zCsyNSiTyG52HZNaKKCzoTPWeu02cKqdvLYqRInt69TB/mKv+ihmwYc3XZ1jspQei3C+oXoG+AxdHM6iQJdgGVcqw2kbkwrAtz6y4S9tdcMVNnOeDfNJsZhxeJA6H+Ahv7oGzZz0MUJH29vk2hcWeHv2TD/FUgkayGrOJUy6eUPuBCGsrmM5aXSS4rYSgb6ATneR80oDYqC18IxdUHbnEkfFDyj0H4RWgwjf6D1T6JIbuaTBNidtbQxcNqsdRVADTbHRrfLvooSeIQC1bQ18iZ7/Je+CaDYjxSUAuzOCfYWKNkh8eb0BkqPxqiaEnnC4qqKZof0VTDxEVeA+HCfxa965uafRlmSav7/ceYIJ08SaEMWYrDleQMnVqNK2bBzDNsBffYl3wS9vu830NU53NZvsqANyFde2uEmpiHYJecj/WlKKkEbN/TDO93YWLScfHEOUFFCGtD2PPeCK9aGAMGyLbbNADSDeZRSDI+px2pv+YvCAzdPTdN0ndvyLlcxi8hJVTYFmVtIV1YxcDdJaIIdiop3EX4Aj8DaEGBb4qQkgb4eoU8/X+1lQNYcj+2mi/cVrD6rFwNWA3v+cEAr7lXiGFqZv5m5locBZhOc6Z3cZnG7jvrHR3jc9cDauVYfPY/gx9EyGKVuRjuVS3iJaPK0kbXB782FN1J+x8eW32IbJNpNSpwBra0Kzt7K9fZ8CXn1WDY20xUfhfkT/JzxQdT5Uh08Z6U8r2bY1/5SE52AbrGrRfTE17KthGfM4MkzbclsDrTBxP7AOXvbriUiZMALnknpmRDyHNdZi2Kd+ljSY01UGVgP9XqPcmbbV6KDBNnUXsUyEZTgoJT7HLxXYeooI39iDYZzYwHXWTNqrnqxCFMViJvcQFb12eRjxIdpqyffuIZ6lMC05PL36bxRz8KO6F0zB6w24XUy6lEaTZ055xv22oR06AvqMHhblHKXawAJo/zJKqMqPlE2Vk0ay8oTSl9vcDTFt4UBW3ZkbQ/ot2GmaeISwJMkVDrUc/6cI3GMu60GmxLC0iYky7TqLtm3fUtnD1VxOpaWO9CIe8GLVx42l1zIq/XAQVx4XpanuvktF1EBEAyzV4gRvoAuOCouxbJ5UZPHhKs0ENdNw31+sBVkerlCtKrJ9hdLXjsqujQ/K8pGc2OdvyGjBDxIc1TTpKabEnnEtLoMnABUvDrAytnnKw7R+3X15GLKhVOs/iZf/x9KcDUuVOED7vd2m0jb/+x/mSz78eg0xosKMc 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":"ETHA260925P00009000","S":18.52,"K":9.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.05,"bs":35,"as":98,"quote_time":"2026-09-04T19:59:59.626227798Z","fair_low":0.0,"fair":4.7e-09,"fair_high":8.794e-07,"hurdle":0.062,"surplus":-0.0619999953,"surplus_low":-0.062,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA260911P00017000","S":18.52,"K":17.0,"T":0.0191780822,"sigma":0.5525294078,"iv":0.5686,"greeks":{"delta":-0.0701,"gamma":0.1219,"rho":-0.0001,"theta":-0.0184,"vega":0.0026},"bid":0.03,"ask":0.04,"bs":282,"as":402,"quote_time":"2026-09-04T19:59:59.977594162Z","fair_low":0.0386771377,"fair":0.0876461344,"fair_high":0.1519910879,"hurdle":0.047,"surplus":0.0406461344,"surplus_low":-0.0083228623,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA261002C00035000","S":18.52,"K":35.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":33,"as":100,"quote_time":"2026-09-04T19:59:59.612746691Z","fair_low":4.63e-08,"fair":1.30524e-05,"fair_high":0.0003140551,"hurdle":0.077,"surplus":-0.0769869476,"surplus_low":-0.0769999537,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261016P00011000","S":18.52,"K":11.0,"T":0.1150684932,"sigma":0.5525294078,"iv":0.8512,"greeks":{"delta":-0.0214,"gamma":0.0099,"rho":-0.0005,"theta":-0.0033,"vega":0.0031},"bid":0.01,"ask":0.08,"bs":61,"as":1331,"quote_time":"2026-09-04T19:59:59.612014674Z","fair_low":0.0001155746,"fair":0.001956747,"fair_high":0.0103900412,"hurdle":0.117,"surplus":-0.115043253,"surplus_low":-0.1168844254,"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

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":"ETHA260918P00013000","S":18.52,"K":13.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.02,"bs":202,"as":162,"quote_time":"2026-09-04T19:59:59.975650602Z","fair_low":5.1639e-06,"fair":0.0002120916,"fair_high":0.0018399919,"hurdle":0.027,"surplus":-0.0267879084,"surplus_low":-0.0269948361,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA260918P00012000","S":18.52,"K":12.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":108,"as":148,"quote_time":"2026-09-04T19:59:59.643449274Z","fair_low":4.45e-08,"fair":9.2338e-06,"fair_high":0.00019076,"hurdle":0.047,"surplus":-0.0469907662,"surplus_low":-0.0469999555,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA260918C00029000","S":18.52,"K":29.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.06,"bs":33,"as":224,"quote_time":"2026-09-04T19:59:59.59317926Z","fair_low":3.24e-08,"fair":8.7282e-06,"fair_high":0.0002086387,"hurdle":0.087,"surplus":-0.0869912718,"surplus_low":-0.0869999676,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260925P00013000","S":18.52,"K":13.0,"T":0.0575342466,"sigma":0.5525294078,"iv":0.8952,"greeks":{"delta":-0.0295,"gamma":0.0182,"rho":-0.0003,"theta":-0.0068,"vega":0.0028},"bid":0.03,"ask":0.06,"bs":181,"as":57,"quote_time":"2026-09-04T19:59:59.617406026Z","fair_low":0.0001587141,"fair":0.0021985808,"fair_high":0.0106358089,"hurdle":0.077,"surplus":-0.0748014192,"surplus_low":-0.0768412859,"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":"ETHA261002C00028000","S":18.52,"K":28.0,"T":0.0767123288,"sigma":0.5525294078,"iv":0.7328,"greeks":{"delta":0.0204,"gamma":0.0138,"rho":0.0002,"theta":-0.0035,"vega":0.0024},"bid":0.01,"ask":0.04,"bs":93,"as":100,"quote_time":"2026-09-04T19:59:59.618479687Z","fair_low":0.0002714843,"fair":0.0037807387,"fair_high":0.0180930052,"hurdle":0.057,"surplus":-0.0532192613,"surplus_low":-0.0567285157,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA260911P00015000","S":18.52,"K":15.0,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":252,"as":125,"quote_time":"2026-09-04T19:59:59.977949671Z","fair_low":6.68292e-05,"fair":0.0010693483,"fair_high":0.0054569563,"hurdle":0.047,"surplus":-0.0459306517,"surplus_low":-0.0469331708,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA260911C00022000","S":18.52,"K":22.0,"T":0.0191780822,"sigma":0.5525294078,"iv":1.0023,"greeks":{"delta":0.0565,"gamma":0.0585,"rho":0.0001,"theta":-0.0277,"vega":0.0022},"bid":0.04,"ask":0.05,"bs":152,"as":271,"quote_time":"2026-09-04T19:59:59.76615529Z","fair_low":0.0009042858,"fair":0.006592825,"fair_high":0.0221736743,"hurdle":0.057,"surplus":-0.050407175,"surplus_low":-0.0560957142,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA260918C00026000","S":18.52,"K":26.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":100,"as":133,"quote_time":"2026-09-04T19:59:59.712047448Z","fair_low":1.88994e-05,"fair":0.0005574533,"fair_high":0.0040874502,"hurdle":0.077,"surplus":-0.0764425467,"surplus_low":-0.0769811006,"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":"ETHA260911C00020500","S":18.52,"K":20.5,"T":0.0191780822,"sigma":0.5525294078,"iv":0.7013,"greeks":{"delta":0.0899,"gamma":0.1193,"rho":0.0002,"theta":-0.0277,"vega":0.0031},"bid":0.03,"ask":0.08,"bs":397,"as":555,"quote_time":"2026-09-04T19:59:59.584648229Z","fair_low":0.0247381277,"fair":0.0654273581,"fair_high":0.1230537346,"hurdle":0.107,"surplus":-0.0415726419,"surplus_low":-0.0822618723,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"ETHA","occ":"ETHA261002C00030000","S":18.52,"K":30.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.04,"ask":0.07,"bs":88,"as":103,"quote_time":"2026-09-04T19:59:59.556472377Z","fair_low":2.65195e-05,"fair":0.0008178101,"fair_high":0.0060131656,"hurdle":0.087,"surplus":-0.0861821899,"surplus_low":-0.0869734805,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260918C00030000","S":18.52,"K":30.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.03,"bs":81,"as":81,"quote_time":"2026-09-04T19:59:59.641409152Z","fair_low":3.1e-09,"fair":1.973e-06,"fair_high":7.16158e-05,"hurdle":0.042,"surplus":-0.041998027,"surplus_low":-0.0419999969,"fullrisk":3.2,"required_bid_target":0.08},{"symbol":"ETHA","occ":"ETHA260925P00010000","S":18.52,"K":10.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.05,"bs":36,"as":72,"quote_time":"2026-09-04T19:59:59.610279756Z","fair_low":4e-10,"fair":4.322e-07,"fair_high":2.27578e-05,"hurdle":0.062,"surplus":-0.0619995678,"surplus_low":-0.0619999996,"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

2FtYDKhAoTji9mc6K585zStIo9ewoKB2/VX6GB8i/UHt8oUkv08pMbQV02eG+xpxFNytG4nx6y4+xj1Fkk7WCYkDm7aMWzoZN25lFg70W7HcJK9jqDG9HGQ4wwOp+anNxgP20Dc2pu02hGwDDUYKzsfZ+fZCFLjgrHgPaB4gcQLDaOgNg4Q+rjn3b5S9SPlp551a/X6vgN5+ioo6dmpH2xSayod/M5YKfW+1BTB0pZn+m6vLVhQ8qX8ZUiIty1CeZek6nkBH27/U/sZH5mtskQ5w6Utr20Sm2yCQ8pOeedV1VOO5SRKYn1nIRUEbZWTb4AfG5T43C9TZ0XuIj3yv2n2o0ZzHiaaQUodav2yOmD6qVP4SJaaGfC4Zs+JPcaiAzgFz27sh1fqLr/t1EN/QMSl5ld29yfVzJf8vh+Ukm1s4IwG6iFhDxVHClwiWvXzHZp4j1CSl/657TFm3v08/Tgy2qfeHwf55oyb0//UPLn0rBUPd6qUpdNPCxQiG/bCpreW+pKAqPJBG38q0t1fZeG1+NhvBseGHO8zTd4hO7Brel6C+eku5FKNcs3OD2qx90je9WzFSPWwpICXA8GsrxfHm1RcD0lSUy22QmiLOwYWvzN7ABgZfcr6lA1BEh5iw0DFk8yVzioXRXwbNXjYjK4jBJNvmBLEaKGcOdFqaJcRoo3GDuwsH4kaqtZnh2LaZayQcCDdzIBGEwySJt7joe7l3NX5Ks4MWDpVjcvaho+TihkXS2NzLWO22jQUSbk1d8J0D+5IzaS/WznyAnGF/OP8HzSn4cEMfQHkodJRhA4oY/5TG+BagTjh030PYZtdB2pnGTkfRqW/Oq+0bKqjEnStB/zwrggtVeLXKhQAfNDPOX6/u+Hp307Zh4gvPvWIoBImxGtaN5X5DDypyAZTcMcRcpK0LT4V/zpAgCy96HTpT5SqH6VsQo9QKhL31bG6eaKuGmwVNcrLb+OQkJvE//uR5VNj2yyZov6u7i29J+70Q+4z9ayXrxnB0ayrgtl2uDi3ZvNF/onIbCBZpmTuycmoRu//EaxWb4AiMUW2qxaX+Ai9+JRnCwxvSp2D5FZmr3V7zWef0i3GInqx7e5kKDTmXazsBJNDExziU43Ph+pvuYwYRUvy0DYCApSC08n6riZxUI02DO+oWd4vhKi51PtqLwoeVsK8n2qV/3nIorOlv2KoJ+hBO04MYtKIcXF+mL/2BJ0dt8Qc3O6Hj/yFozA7gZYFItHN2L4DoNPC28h2hTj3JLMCBF2+CeLKFfd6fL3HuCq8bXHUD6OkJh+7DTtpxXdIttyfnxcfu7UEv69C0bbkVcpe9MBAiLX/G4oX5QF9PYzTTRsUJ6Z/SC+yMAA0uuEJB7nYYmFmLQrbN9p67A0jc8kKTrcd3zKYwtFF/yeCvJwpfNt3U1+BTcmvtytypJN9TJEHCbpQeosh6Kx7HTioLGlm/K8WR2BKiIYnf5tNbrP3HoirCLzX7jTMrOAPaEpMpXQ4CPRvNRAJe4W0eJM9SUY2UuqvgPt3ek/gLJqwehl5hnr8eemY37KiU1vB39AfoGQYBAcxRCNhbjJed+RlGqmKNhievh30ZMpi/4xjQf9TOdkH2QscU8KNxb+grU5gbNcGtOS7yU3IHtgP/2JRKUBNn+oj0xCKOTBiZsrE8fjpazxTHrb9edEkaZ2y/guHjkj84eltdo6pBeUPrD1IR7JLU/qDJwzrqK/XkSf0d+wkHNAUu6MXEArE+RlH7J3P3lBu5JXwdBXcZknJvskiyRvDoXGWHOu2uFJoFrpOMChwGXqCjjHORmZQrPRiy/+pJDQSHd/7JxDjb5Y/oNOLrvAxnJNJFGVtSQ2JKBrGqbAfIp7fVNbaJiTFdAVeVVeCeK2aWt5ScBQzKCPxU8tcMmczrgFBhnE1yEL+gXLqvS09dorr1uIGjGcXbXuGQf4a7Tvf65ftE21gNBXzCzbqmLywHyQ6SrSofYapKxlmad1 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":"ETHA261002P00012000","S":18.52,"K":12.0,"T":0.0767123288,"sigma":0.5525294078,"iv":0.8673,"greeks":{"delta":-0.0208,"gamma":0.0119,"rho":-0.0003,"theta":-0.0042,"vega":0.0024},"bid":0.01,"ask":0.06,"bs":76,"as":84,"quote_time":"2026-09-04T19:59:58.702509314Z","fair_low":7.34094e-05,"fair":0.0013712462,"fair_high":0.0077971556,"hurdle":0.087,"surplus":-0.0856287538,"surplus_low":-0.0869265906,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260918C00027000","S":18.52,"K":27.0,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.05,"bs":146,"as":274,"quote_time":"2026-09-04T19:59:59.979614537Z","fair_low":2.4951e-06,"fair":0.0001501415,"fair_high":0.0015756957,"hurdle":0.072,"surplus":-0.0718498585,"surplus_low":-0.0719975049,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA261016C00029000","S":18.52,"K":29.0,"T":0.1150684932,"sigma":0.5525294078,"iv":0.7166,"greeks":{"delta":0.0375,"gamma":0.0189,"rho":0.0007,"theta":-0.0046,"vega":0.005},"bid":0.05,"ask":0.07,"bs":186,"as":881,"quote_time":"2026-09-04T19:59:59.841194972Z","fair_low":0.0014534585,"fair":0.0126288704,"fair_high":0.0465447,"hurdle":0.082,"surplus":-0.0693711296,"surplus_low":-0.0805465415,"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":"ETHA","occ":"ETHA260911C00023000","S":18.52,"K":23.0,"T":0.0191780822,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.02,"bs":100,"as":140,"quote_time":"2026-09-04T19:59:58.702450685Z","fair_low":6.02048e-05,"fair":0.0010657738,"fair_high":0.0058970344,"hurdle":0.027,"surplus":-0.0259342262,"surplus_low":-0.0269397952,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA260918P00012500","S":18.52,"K":12.5,"T":0.0383561644,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.04,"bs":78,"as":76,"quote_time":"2026-09-04T19:59:59.628348081Z","fair_low":5.487e-07,"fair":4.93354e-05,"fair_high":0.0006346459,"hurdle":0.047,"surplus":-0.0469506646,"surplus_low":-0.0469994513,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"ETHA","occ":"ETHA260925C00030000","S":18.52,"K":30.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":88,"as":101,"quote_time":"2026-09-04T19:59:59.612751324Z","fair_low":1.2219e-06,"fair":0.0001030965,"fair_high":0.0012945868,"hurdle":0.077,"surplus":-0.0768969035,"surplus_low":-0.0769987781,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA261002C00032000","S":18.52,"K":32.0,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.01,"ask":0.03,"bs":72,"as":118,"quote_time":"2026-09-04T19:59:59.612746691Z","fair_low":2.3135e-06,"fair":0.0001623529,"fair_high":0.0018482557,"hurdle":0.042,"surplus":-0.0418376471,"surplus_low":-0.0419976865,"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":"ETHA260911C00021500","S":18.52,"K":21.5,"T":0.0191780822,"sigma":0.5525294078,"iv":0.7309,"greeks":{"delta":0.0283,"gamma":0.0457,"rho":0.0001,"theta":-0.0115,"vega":0.0013},"bid":0.01,"ask":0.02,"bs":152,"as":167,"quote_time":"2026-09-04T19:59:59.582823491Z","fair_low":0.0030267349,"fair":0.0150910749,"fair_high":0.0409262125,"hurdle":0.027,"surplus":-0.0119089251,"surplus_low":-0.0239732651,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA260911P00016500","S":18.52,"K":16.5,"T":0.0191780822,"sigma":0.5525294078,"iv":0.6076,"greeks":{"delta":-0.0319,"gamma":0.0607,"rho":-0.0001,"theta":-0.0105,"vega":0.0014},"bid":0.01,"ask":0.02,"bs":125,"as":192,"quote_time":"2026-09-04T19:59:59.977931074Z","fair_low":0.011817225,"fair":0.0375099068,"fair_high":0.0782101114,"hurdle":0.027,"surplus":0.0105099068,"surplus_low":-0.015182775,"fullrisk":2.2,"required_bid_target":0.055},{"symbol":"ETHA","occ":"ETHA261002P00009500","S":18.52,"K":9.5,"T":0.0767123288,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":12,"as":120,"quote_time":"2026-09-04T19:59:59.706694641Z","fair_low":4.1e-09,"fair":2.0891e-06,"fair_high":7.1285e-05,"hurdle":0.077,"surplus":-0.0769979109,"surplus_low":-0.0769999959,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"ETHA","occ":"ETHA260925C00033000","S":18.52,"K":33.0,"T":0.0575342466,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.05,"bs":69,"as":69,"quote_time":"2026-09-04T19:59:58.7025369Z","fair_low":8.9e-09,"fair":4.1138e-06,"fair_high":0.0001324855,"hurdle":0.062,"surplus":-0.0619958862,"surplus_low":-0.0619999911,"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":"EEM","occ":"EEM261016C00080000","S":68.7,"K":80.0,"T":0.1150684932,"sigma":0.2020844551,"iv":0.2329,"greeks":{"delta":0.0281,"gamma":0.0123,"rho":0.002,"theta":-0.0045,"vega":0.0145},"bid":0.04,"ask":0.07,"bs":53,"as":13,"quote_time":"2026-09-04T19:59:59.573502698Z","fair_low":0.0043028226,"fair":0.027930315,"fair_high":0.086881612,"hurdle":0.087,"surplus":-0.059069685,"surplus_low":-0.0826971774,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"ETHA","occ":"ETHA260925C00024000","S":18.52,"K":24.0,"T":0.0575342466,"sigma":0.5525294078,"iv":0.6495,"greeks":{"delta":0.0434,"gamma":0.0345,"rho":0.0004,"theta":-0.0069,"vega":0.0038},"bid":0.04,"ask":0.05,"bs":117,"as":207,"quote_time":"2026-09-04T19:59:59.696143705Z","fair_low":0.0055718021,"fair":0.0276230805,"fair_high":0.0749345334,"hurdle":0.057,"surplus":-0.0293769195,"surplus_low":-0.0514281979,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"ETHA","occ":"ETHA261016P00008000","S":18.52,"K":8.0,"T":0.1150684932,"sigma":0.5525294078,"iv":null,"greeks":null,"bid":0.03,"ask":0.06,"bs":46,"as":334,"quote_time":"2026-09-04T19:59:59.005359546Z","fair_low":1.8e-09,"fair":1.3074e-06,"fair_high":5.21377e-05,"hurdle":0.077,"surplus":-0.0769986926,"surplus_low":-0.0769999982,"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":"EEM","occ":"EEM261016P00047000","S":68.7,"K":47.0,"T":0.1150684932,"sigma":0.2020844551,"iv":0.5362,"greeks":{"delta":-0.0114,"gamma":0.0025,"rho":-0.0009,"theta":-0.0045,"vega":0.0067},"bid":0.03,"ask":0.07,"bs":11,"as":11,"quote_time":"2026-09-04T19:59:59.676804251Z","fair_low":0.0,"fair":4.3e-09,"fair_high":1.1472e-06,"hurdle":0.092,"surplus":-0.0919999957,"surplus_low":-0.092,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"EEM","occ":"EEM260911P00063000","S":68.7,"K":63.0,"T":0.0191780822,"sigma":0.2020844551,"iv":0.4412,"greeks":{"delta":-0.0283,"gamma":0.0204,"rho":-0.0002,"theta":-0.0255,"vega":0.0047},"bid":0.01,"ask":0.06,"bs":80,"as":124,"quote_time":"2026-09-04T19:59:58.999558374Z","fair_low":1.46493e-05,"fair":0.0004318807,"fair_high":0.0031487621,"hurdle":0.087,"surplus":-0.0865681193,"surplus_low":-0.0869853507,"fullrisk":6.2,"required_bid_target":0.155},{"symbol":"EEM","occ":"EEM260918P00057000","S":68.7,"K":57.0,"T":0.0383561644,"sigma":0.2020844551,"iv":0.5324,"greeks":{"delta":-0.0188,"gamma":0.0073,"rho":-0.0004,"theta":-0.0132,"vega":0.0055},"bid":0.03,"ask":0.06,"bs":22,"as":3,"quote_time":"2026-09-04T19:59:59.520837324Z","fair_low":3e-10,"fair":3.83e-07,"fair_high":2.23957e-05,"hurdle":0.077,"surplus":-0.076999617,"surplus_low":-0.0769999997,"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":"EEM","occ":"EEM260918P00052500","S":68.7,"K":52.5,"T":0.0383561644,"sigma":0.2020844551,"iv":0.6737,"greeks":{"delta":-0.009,"gamma":0.003,"rho":-0.0002,"theta":-0.0088,"vega":0.0029},"bid":0.01,"ask":0.04,"bs":5,"as":19,"quote_time":"2026-09-04T19:59:59.07540763Z","fair_low":0.0,"fair":0.0,"fair_high":1.7e-09,"hurdle":0.057,"surplus":-0.057,"surplus_low":-0.057,"fullrisk":4.2,"required_bid_target":0.105},{"symbol":"EEM","occ":"EEM260911P00065500","S":68.7,"K":65.5,"T":0.0191780822,"sigma":0.2020844551,"iv":0.2972,"greeks":{"delta":-0.0592,"gamma":0.0551,"rho":-0.0005,"theta":-0.0311,"vega":0.0085},"bid":0.03,"ask":0.08,"bs":75,"as":82,"quote_time":"2026-09-04T19:59:58.106425292Z","fair_low":0.007981227,"fair":0.0314877736,"fair_high":0.0746435041,"hurdle":0.107,"surplus":-0.0755122264,"surplus_low":-0.099018773,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"EEM","occ":"EEM260918C00073500","S":68.7,"K":73.5,"T":0.0383561644,"sigma":0.2020844551,"iv":0.2245,"greeks":{"delta":0.046,"gamma":0.036,"rho":0.0009,"theta":-0.012,"vega":0.0115},"bid":0.03,"ask":0.07,"bs":40,"as":12,"quote_time":"2026-09-04T19:59:59.814667432Z","fair_low":0.0149127007,"fair":0.0550328797,"fair_high":0.1256160693,"hurdle":0.092,"surplus":-0.0369671203,"surplus_low":-0.0770872993,"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":"EEM","occ":"EEM260918P00056500","S":68.7,"K":56.5,"T":0.0383561644,"sigma":0.2020844551,"iv":0.5219,"greeks":{"delta":-0.0134,"gamma":0.0055,"rho":-0.0003,"theta":-0.0096,"vega":0.0041},"bid":0.01,"ask":0.05,"bs":23,"as":21,"quote_time":"2026-09-04T19:59:59.508242027Z","fair_low":0.0,"fair":1.093e-07,"fair_high":9.2931e-06,"hurdle":0.072,"surplus":-0.0719998907,"surplus_low":-0.072,"fullrisk":5.2,"required_bid_target":0.13},{"symbol":"EEM","occ":"EEM260925P00056000","S":68.7,"K":56.0,"T":0.0575342466,"sigma":0.2020844551,"iv":0.4654,"greeks":{"delta":-0.0203,"gamma":0.0069,"rho":-0.0007,"theta":-0.0095,"vega":0.0075},"bid":0.03,"ask":0.08,"bs":20,"as":50,"quote_time":"2026-09-04T19:59:59.502226664Z","fair_low":1.45e-08,"fair":5.5743e-06,"fair_high":0.0001580891,"hurdle":0.107,"surplus":-0.1069944257,"surplus_low":-0.1069999855,"fullrisk":8.2,"required_bid_target":0.205},{"symbol":"EEM","occ":"EEM260918P00056000","S":68.7,"K":56.0,"T":0.0383561644,"sigma":0.2020844551,"iv":0.5425,"greeks":{"delta":-0.0129,"gamma":0.0051,"rho":-0.0003,"theta":-0.0097,"vega":0.004},"bid":0.01,"ask":0.05,"bs":3,"as":12,"quote_time":"2026-09-04T19:59:59.514867804Z","fair_low":0.0,"fair":3.19e-08,"fair_high":3.9002e-06,"hurdle":0.072,"surplus":-0.0719999681,"surplus_low":-0.072,"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":"EEM","occ":"EEM261016P00046500","S":68.7,"K":46.5,"T":0.1150684932,"sigma":0.2020844551,"iv":0.5495,"greeks":{"delta":-0.0112,"gamma":0.0024,"rho":-0.0009,"theta":-0.0046,"vega":0.0066},"bid":0.03,"ask":0.07,"bs":12,"as":22,"quote_time":"2026-09-04T19:59:59.562370995Z","fair_low":0.0,"fair":1.6e-09,"fair_high":5.739e-07,"hurdle":0.092,"surplus":-0.0919999984,"surplus_low":-0.092,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"EEM","occ":"EEM261016P00050000","S":68.7,"K":50.0,"T":0.1150684932,"sigma":0.2020844551,"iv":0.4713,"greeks":{"delta":-0.0152,"gamma":0.0036,"rho":-0.0012,"theta":-0.0051,"vega":0.0086},"bid":0.05,"ask":0.07,"bs":17,"as":5,"quote_time":"2026-09-04T19:59:59.815685224Z","fair_low":6e-10,"fair":8.285e-07,"fair_high":4.46795e-05,"hurdle":0.082,"surplus":-0.0819991715,"surplus_low":-0.0819999994,"fullrisk":7.2,"required_bid_target":0.18},{"symbol":"EEM","occ":"EEM261016P00050500","S":68.7,"K":50.5,"T":0.1150684932,"sigma":0.2020844551,"iv":0.4398,"greeks":{"delta":-0.0125,"gamma":0.0033,"rho":-0.001,"theta":-0.004,"vega":0.0073},"bid":0.01,"ask":0.08,"bs":11,"as":20,"quote_time":"2026-09-04T19:59:59.563393429Z","fair_low":2.1e-09,"fair":1.7734e-06,"fair_high":7.70838e-05,"hurdle":0.117,"surplus":-0.1169982266,"surplus_low":-0.1169999979,"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