WHY THIS EXISTS
Flow before structure
Separate underlying conviction from option-market positioning before selecting a spread.
OPTIONS INTELLIGENCE / MONITOR V0.1
Stock Decision
CURRENT STOCK
DEMO DATA
MARKET PERMISSION
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Put/Call activity is treated as context and risk control—not a standalone trade signal.
Cross-market option pressureNormalized demo snapshots
| Symbol | State | Vol PCR | Premium PCR | Ask-side PCR | Tail Pressure | IV Skew | 60D Z | Permission |
|---|
PRIMARY GUARDRAIL
Do not sell into stress
Active put buying, tail demand, and steepening skew can reduce or halt short-put risk.
RESEARCH STANDARD
Point-in-time only
Production backtests will require historical chains, tradable quotes, and conservative fills.
UNDERLYING
AAPL
Choose the horizon after the stockCompare all four models before selecting a trade timeframe
60-DAY PCR TRACE
INTERPRETATION
Data is deterministic demo data until the LSEG adapter is
validated.
SYSTEMIC RISK / MULTIVARIATE STATE SPACE
Macro Risk Cube
See how debt load, interest burden and asset valuation travel together—not as isolated charts, but as one evolving system.
CURRENT REGIMEElevated · reversibleResearch classification · not a Fed designation
3D REGIME MAP
Rotate the economy through three risk dimensions.
HISTORICAL TRAJECTORY
Connect actual annual observations to show how the macro state entered, crossed and left modeled risk zones.
Loading observations…StableDanger zoneNo-return scenario
Drag to rotate · scroll to zoom · select a historical point to inspect its regime.
SELECTED ACTUAL PRINTLoading FRED…Connecting to source series
- Debt / GDP
- —
- Interest / GDP
- —
- Stocks / GDP
- —
- Model zone
- —
SCENARIO CONTROLS
Move the current state
MODEL INTERPRETATIONDanger zone
High valuation and debt reduce the economy's shock-absorption capacity. The path still matters more than one threshold.
Horizontal transmission monitorNormalized research series · common timeline
SYSTEMIC RISK / MULTI-VIEW ANALYTICS
One state space, multiple falsifiable views.
- NormalizeAlign quarterly/monthly series without look-ahead.
- LocateMap every date into debt, burden and valuation space.
- ThresholdVersion danger zones as model assumptions—not facts.
- ValidateTest whether zone entry predicts drawdown, volatility or slower growth.
OPTION MICROSTRUCTURE / MARKET EVIDENCE
Option Surface Cube
Inspect listed option prices across strike, time to expiry and premium. Observed marks and actual trade prints stay separate so sparse liquidity remains visible.
INSTRUMENTUUUU
Spot loading…
LOADING DATA
Verifying provider fields…
Same 3D grammar, different research question. Axes and evidence are never mixed.
UNDERLYING CONTEXT / 12-WEEK HISTORY
UUUU price before option geometry
Loading cached dates…Close field is TRDPRC_1—the underlying last trade, not an option midpoint.
3D QUOTE GEOMETRY
UUUU call surface
X · StrikeY · Days to expiryZ · Option price
Loading option observations…
Observed provider markTRDPRC_1 actual printInterpolated mark guide
Evidence rule: the translucent mark surface is a linear visual guide—not a continuous market and not an executable price. Magenta diamonds are the actual trade prints.
POINT INSPECTOR
Read one contract
SELECT A POINTHover or click the cubeMark circles and trade diamonds remain independently selectable.
- RIC
- —
- Strike
- —
- DTE
- —
- MARK
- —
- Actual trade
- —
- Print gap
- —
HOW TO READ IT
Gaps and missing magenta prints reveal where a smooth-looking option sheet has weak trade evidence. Use the surface to diagnose coverage before strategy construction.
Mark is not the last tradeAll calls and puts on the selected as-of date
PRICE EVIDENCE COMPARISON
UUUU · last trade versus midpoint
CallsPutsy = x
Calculating paired-price regression…
Off-diagonal observations are direct evidence that the closing midpoint and the last recorded trade answer different questions.
FIELD AVAILABILITY
What actually exists?
MID only supplies a closing reference but no trade evidence. Print only proves a trade occurred but does not reconstruct the closing NBBO midpoint. Neither is a listed-series hole—not a zero.
Where the market data existsDark cells never supplied that field in the selected snapshot
OBSERVED MARK COVERAGE
MARK occupancy
Colored cells contain the selected provider mark; dark cells contain no mark value in this strike–expiry grid.
EXECUTION EVIDENCE COVERAGE
TRDPRC_1 occupancy
Magenta cells prove that a trade printed; dark cells make the historical execution evidence missingness explicit.
EVIDENCE READOUT
Market quality before strategy pricing
01 · DENSITY
The cloud density is loading from the selected option snapshot.
02 · INTERPOLATION
Interpolating an empty $0.50 strike grid is dangerous because a smooth sheet can assign prices to contracts that never traded—or may never have been listed.
03 · MARK VS TRADE
The observed mark is the provisional end-of-day reference for the next model, while TRDPRC_1 only proves that somebody traded. On a strike with a mark and no print, what price would we actually get filled at? You do not know.
RELATIONSHIP INTELLIGENCE / WALK-FORWARD ONLY
Markets move as a network.
Monitor index regime, competitors, peers, supply chains, input costs and cross-assets before turning a stock view into an option structure.
CURRENT RESEARCH ANCHORAAPLChange it once from the top selector
RELATIONSHIP PATHS
Loading relationship map…
RELATIVE MOVE MONITOR
Catch-up is a hypothesis—not a rule.
A 5% peer rise versus your stock's 3% rise is tested on beta-neutral residuals, news and event state. Raw price gaps never trigger a trade by themselves.
Independent strategy experimentsEach is validated separately by horizon
BACKTEST CONTRACT
Point-in-time relationship research
MULTI-LEG OPTIONS WORKBENCH
Build the entire package.
The selected stock and horizon determine the initial structure; every leg, price, Greek and payoff remains inspectable before the combo reaches the trading desk.
AAPL/8–60 DTESelected model context
AAPL
Choose only the timeframe here. Change the stock from Stock Decision or the selector at the top.
UNDERLYINGAAPL · $227.31Normal options context
Choose your timeframeEach range runs an independently designed model
Running the horizon model…
Construct the packageStart from the model template or edit every leg
ONE-TICKET COMBO
Loading structure…
| Action | Ratio | Instrument | Expiration | Strike | Bid | Mid | Ask | Delta |
|---|
Quotes are theoretical placeholders until a live option-chain adapter is connected.
EXPIRATION PAYOFF
Risk shape before execution
ProfitLossBreakeven —
POSITION ANALYTICS
Greeks and bounded risk
Model boundary: positive-P&L probability uses the selected IV and a lognormal terminal-price approximation; it is not a guaranteed POP or a live broker quote.
PAPER EXECUTION / MULTI-POSITION WORKSPACE
Trading Station
Stage covered calls and option packages, record fills, manage expiration decisions and monitor the running Reg T book.
ACCOUNT METHODReg T · PaperInitial and maintenance margin · not portfolio margin
LOCAL MODELConnected
LSEGAdapter ready · disconnected
GOOGLE FINANCEReference adapter · disconnected
RISK ENGINELive from paper ledger
UNDERLYING MARKET / ACTUAL OHLC PRINTS
AAPL Loading…
Connecting to reference market data…Loading market bars…
Up candleDown candle—
STOCK LEGLong 100 sharesper short call contract
OPTION LEGShort 1 callpremium enters cash at the fill
PAYOFFIncome now · capped upsidebreakeven = stock cost − premium
EXPIRATION DESKDecide one session before expiryhold · close · roll out · roll up
ORDER TICKET
Open the complete trade
One action records both fills: BUY 100 shares and SELL 1 call per contract. No broker order leaves this workspace.
PRE-TRADE RISK GATE
Within paper limits
Expiration deskMonitor inside 5 DTE · execute the frozen rule one session before expiry
Open paper positions0 positions
| Symbol / structure | Covered units | DTE | Stock mark | Call strike | Call mark | Premium income | Unrealized P&L | Decision |
|---|
No paper positions yet. Open the first covered call above.
Ledger · running bookCurrent stock, short-option and cash balances
| Account / asset | Instrument | Quantity | Cost / credit | Mark | Market value | Unrealized P&L |
|---|
Blotter · fills onlyImmutable simulated executions · newest first
| Time | Order ID | Instrument | Side | Quantity | Fill | Mid at order | Slippage |
|---|
HISTORICAL ACCOUNTING / ONE COVERED CALL
NAV is the result.
Track the complete marked account—not premium in isolation—through OTM expirations, ITM assignments and stock-basis resets.
POSITION+100 shares · −1 callOne covered-call unit at a time
LOCKED TEST CONTRACT
Weekly lifecycle
Loading the marked account history…
ACCOUNT EQUITY
Covered call NAV vs buy & hold
Covered call NAVBuy & hold NAVPremium is a cash flow—not the return.
Expiration ledgerEvery OTM retention, ITM assignment and basis reset
| Cycle | Position basis | Pricing | Outcome | Basis treatment | NAV result |
|---|
Reg T account ledgerDaily cash, asset value, option liability, NAV and buying-power checks
| Date | Cash | Stock asset value | Short-call liability | NAV | Initial margin | Maintenance | Available funds |
|---|
Limit-order auditMID sets the limit · daily min/max determines range-crossed versus not filled
| Date | Order ID | Instrument | Side | Limit | Session min | Session max | Fill test | Status |
|---|
Backtest blotterFills only · every roll shares one order ID but retains two separate fills
| Date | Order ID | Instrument | Side | Quantity | Fill | Cash flow | Rule |
|---|
Net Delta0.00directional exposure
Net Gamma0.00convexity exposure
Net Vega0.00IV exposure
Net Theta0.00daily decay
Defined Risk$0maximum spread loss
| Stress scenario | Estimated P&L | Limit | Status |
|---|
SHARED PAPER LEDGERRisk changes whenever the Trading Station changes.