← Live ranks 📄 Covered-call report 🧮 Granular math 📊 30-day backtest

Granular Math Report — Alan Fatal Portfolio

Generated 2026-06-09 03:00 PT · 19 holdings · every formula and threshold exposed

Universal constants — the engine's actual thresholds

Constant	Value	Used for
TH_COMPOSITE_LONG	+0.05	min composite for "long thesis"
TH_COMPOSITE_BEAR	-0.05	composite below = directional weakness
TH_IV_RANK_RICH	0.50	IV-rank above = premium rich
TH_IV_RANK_THIN	0.30	IV-rank below = premium thin
TH_IV_RV_POSITIVE	1.10	IV/RV ratio above = positive edge
TH_IV_RV_NEGATIVE	0.90	IV/RV ratio below = buyers favored
TH_EARNINGS_DAYS	14d	earnings window where premium-selling is dangerous
TARGET_OTM_PCT	5%	target strike OTM distance (proxy for ~0.25 delta)
TARGET_DTES	[14, 30, 45]	target days-to-expiry buckets
FAMILY_WEIGHTS	1/8 each	equal across 8 factor families

AAPL · spot $301.54

Step 1 — Engine composite breakdown

Composite = +0.190

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+1.93; mom_multi=+1.52; rsi=-0.27…	+0.79	1/8	+0.099
fundamental	value=-0.44; quality=+1.72; pb_ratio=-2.00…	-0.14	1/8	-0.018
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-0.94…	+1.02	1/8	+0.127
sentiment	news_sentiment=+0.93; reddit_wsb=+0.00	+0.47	1/8	+0.058
macro	vix_regime=+0.42; yield_curve=+0.00; credit_spreads=+0.15…	+0.32	1/8	+0.041
cross_asset	sector_rs=-1.41; market_regime=+1.63	+0.11	1/8	+0.013
alt_data	search_interest=-0.89; wiki_views=+0.00	-0.45	1/8	-0.056
flow	short_interest=-0.20; insider_activity=-0.17; insider_trades=-2.00…	-0.59	1/8	-0.074
			Σ	+0.190

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 19.1%
1y realized-vol distribution: p10 = 14.7%, p90 = 29.4%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 14.7%) / (29.4% − 14.7%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 19.1% = 0.66 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $315.20 (-4.3% from spot)
52-week high: $315.20 (-4.3% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-30 (51d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $301.54 × 1.05 = $316.62 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$315.00	-0.51%	$1.65	⚪ lastPrice	6%
2026-07-10	31	$315.00	-0.51%	$3.79	⚪ lastPrice	3%
2026-07-24	45	$315.00	-0.51%	$5.82	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$1.65	1.65 / 301.54 = 0.55%	× 365/13 = 15.4%
2026-07-10	31	$3.79	3.79 / 301.54 = 1.26%	× 365/31 = 14.8%
2026-07-24	45	$5.82	5.82 / 301.54 = 1.93%	× 365/45 = 15.7%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.19) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $315 < 60d high $315 (gap 0.1%); may be tested on rally

Final pick: sell 2026-07-24 $315 call for ~$5.82 premium → 15.7% annualized yield.

TSLA · spot $408.95

Step 1 — Engine composite breakdown

Composite = +0.116

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-0.34; mom_multi=+1.24; rsi=+0.03…	-0.15	1/8	-0.018
fundamental	value=-1.30; quality=-0.23; pb_ratio=-2.00…	-1.07	1/8	-0.134
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=+0.94…	+1.48	1/8	+0.186
sentiment	news_sentiment=+1.12; reddit_wsb=+0.00	+0.56	1/8	+0.070
macro	vix_regime=+0.70; yield_curve=-2.00; credit_spreads=+0.25…	-0.44	1/8	-0.055
cross_asset	sector_rs=+0.02; market_regime=+2.00	+1.01	1/8	+0.127
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=+0.31; insider_trades=-2.00…	-0.47	1/8	-0.059
			Σ	+0.116

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 48.1%
1y realized-vol distribution: p10 = 34.3%, p90 = 56.9%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 34.3%) / (56.9% − 34.3%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 48.1% = 0.13 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $445.27 (-8.2% from spot)
52-week high: $489.88 (-16.5% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-22 (43d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $408.95 × 1.05 = $429.40 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike	OI
2026-07-10	31	$430.00	+0.14%	$14.80	⚪ lastPrice	3%	0
2026-07-24	45	$430.00	+0.14%	$21.00	⚪ lastPrice	3%	0

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-07-10	31	$14.80	14.80 / 408.95 = 3.62%	× 365/31 = 42.6%
2026-07-24	45	$21.00	21.00 / 408.95 = 5.14%	× 365/45 = 41.7%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.12) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $430 < 60d high $445 (gap 3.4%); may be tested on rally

Final pick: sell 2026-07-10 $430 call for ~$14.80 premium → 42.6% annualized yield.

AMD · spot $490.33

Step 1 — Engine composite breakdown

Composite = +0.198

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=-0.86…	+0.50	1/8	+0.062
fundamental	value=-0.61; quality=+0.58; pb_ratio=-2.00…	-0.82	1/8	-0.103
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=-0.94…	-0.00	1/8	-0.000
sentiment	news_sentiment=+0.42; reddit_wsb=+0.00	+0.21	1/8	+0.026
macro	vix_regime=+0.97; yield_curve=+0.00; credit_spreads=+0.28…	+0.13	1/8	+0.016
cross_asset	sector_rs=+2.00; market_regime=+2.00	+2.00	1/8	+0.250
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=-0.23; insider_trades=-2.00…	-0.43	1/8	-0.054
			Σ	+0.198

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 71.3%
1y realized-vol distribution: p10 = 38.8%, p90 = 97.1%
ATM-band median IV (chain ±15% spot, IV > 5%): 9.4%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((9.4% − 38.8%) / (97.1% − 38.8%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 9.4% / 71.3% = 0.13 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $542.52 (-9.6% from spot)
52-week high: $542.52 (-9.6% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-08-04 (56d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $490.33 × 1.05 = $514.85 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$515.00	+0.03%	$21.50	⚪ lastPrice	6%
2026-07-10	31	$515.00	+0.03%	$31.68	⚪ lastPrice	3%
2026-07-24	45	$515.00	+0.03%	$40.50	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$21.50	21.50 / 490.33 = 4.38%	× 365/17 = 94.1%
2026-07-10	31	$31.68	31.68 / 490.33 = 6.46%	× 365/31 = 76.1%
2026-07-24	45	$40.50	40.50 / 490.33 = 8.26%	× 365/45 = 67.0%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.20) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $515 < 60d high $543 (gap 5.1%); may be tested on rally

Final pick: sell 2026-06-26 $515 call for ~$21.50 premium → 94.1% annualized yield.

NVDA · spot $208.64

Step 1 — Engine composite breakdown

Composite = -0.063

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+1.52; mom_multi=+1.63; rsi=+0.70…	+0.14	1/8	+0.017
fundamental	value=+0.53; quality=+2.00; pb_ratio=-2.00…	-0.16	1/8	-0.020
options	iv_rank=+2.00; iv_term_slope=-3.00; iv_skew=-1.88…	-0.72	1/8	-0.090
sentiment	news_sentiment=+1.38; reddit_wsb=+0.00	+0.69	1/8	+0.086
macro	vix_regime=+0.85; yield_curve=+0.00; credit_spreads=+0.28…	+0.46	1/8	+0.058
cross_asset	sector_rs=-1.89; market_regime=+2.00	+0.05	1/8	+0.007
alt_data	search_interest=-0.82; wiki_views=+0.00	-0.41	1/8	-0.052
flow	short_interest=-0.20; insider_activity=-0.05; insider_trades=-2.00…	-0.56	1/8	-0.070
			Σ	-0.063

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 46.2%
1y realized-vol distribution: p10 = 25.5%, p90 = 43.5%
ATM-band median IV (chain ±15% spot, IV > 5%): 9.4%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((9.4% − 25.5%) / (43.5% − 25.5%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 9.4% / 46.2% = 0.20 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $235.47 (-11.4% from spot)
52-week high: $235.47 (-11.4% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-08-26 (78d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $208.64 × 1.05 = $219.07 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$220.00	+0.42%	$2.25	⚪ lastPrice	6%
2026-07-10	31	$220.00	+0.42%	$5.50	⚪ lastPrice	3%
2026-07-24	45	$220.00	+0.42%	$7.75	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$2.25	2.25 / 208.64 = 1.08%	× 365/13 = 30.3%
2026-07-10	31	$5.50	5.50 / 208.64 = 2.64%	× 365/31 = 31.0%
2026-07-24	45	$7.75	7.75 / 208.64 = 3.71%	× 365/45 = 30.1%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⚠ TIGHTER COVER — composite -0.06 < -0.05; engine flags directional weakness ⚠ STRIKE BUFFER — chosen strike $220 < 60d high $235 (gap 6.6%); may be tested on rally

Final pick: sell 2026-07-10 $220 call for ~$5.50 premium → 31.0% annualized yield.

ORCL · spot $211.82

Step 1 — Engine composite breakdown

Composite = +0.349

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-2.57; mom_multi=+1.18; rsi=-0.68…	-0.51	1/8	-0.063
fundamental	value=-0.23; quality=+1.86; pb_ratio=-2.00…	-0.11	1/8	-0.013
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-0.47…	+1.63	1/8	+0.204
sentiment	news_sentiment=+0.60; reddit_wsb=+0.00	+0.30	1/8	+0.037
macro	vix_regime=+0.64; yield_curve=+0.00; credit_spreads=+0.23…	+0.04	1/8	+0.005
cross_asset	sector_rs=+0.22; market_regime=+2.00	+1.11	1/8	+0.139
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=+1.50; insider_trades=+0.00…	+0.33	1/8	+0.041
			Σ	+0.349

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 77.6%
1y realized-vol distribution: p10 = 34.7%, p90 = 68.6%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 34.7%) / (68.6% − 34.7%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 77.6% = 0.16 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $248.15 (-14.6% from spot)
52-week high: $325.76 (-35.0% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-06-10 (1d away) — ⚠ HIGH RISK — within IV-crush window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $211.82 × 1.05 = $222.41 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$222.50	+0.04%	$12.70	⚪ lastPrice	6%
2026-07-10	31	$222.50	+0.04%	$15.25	⚪ lastPrice	3%
2026-07-24	45	$222.50	+0.04%	$17.52	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$12.70	12.70 / 211.82 = 6.00%	× 365/17 = 128.7%
2026-07-10	31	$15.25	15.25 / 211.82 = 7.20%	× 365/31 = 84.8%
2026-07-24	45	$17.52	17.52 / 211.82 = 8.27%	× 365/45 = 67.1%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.35) but IV-rank only 0/100 (< 30) ⏸ SKIP — earnings in 1d ≤ 14-day window ⚠ STRIKE BUFFER — chosen strike $222 < 60d high $248 (gap 10.3%); may be tested on rally

Final pick: sell 2026-06-26 $222 call for ~$12.70 premium → 128.7% annualized yield.

CRWD · spot $658.79

Step 1 — Engine composite breakdown

Composite = +0.251

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+2.59; mom_multi=+1.48; rsi=-0.38…	+0.51	1/8	+0.064
fundamental	value=-1.18; quality=-0.28; pb_ratio=-2.00…	-0.76	1/8	-0.095
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-2.00…	+0.75	1/8	+0.094
sentiment	news_sentiment=+0.99; reddit_wsb=+0.00	+0.49	1/8	+0.062
macro	vix_regime=+0.48; yield_curve=+0.00; credit_spreads=+0.17…	-0.02	1/8	-0.002
cross_asset	sector_rs=+1.43; market_regime=+1.87	+1.65	1/8	+0.206
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=+0.70; insider_activity=-0.17; insider_trades=-2.00…	-0.62	1/8	-0.077
			Σ	+0.251

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 62.1%
1y realized-vol distribution: p10 = 29.9%, p90 = 59.4%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 29.9%) / (59.4% − 29.9%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 62.1% = 0.10 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $782.17 (-15.8% from spot)
52-week high: $782.17 (-15.8% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-09-01 (84d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $658.79 × 1.05 = $691.73 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$690.00	-0.25%	$17.40	⚪ lastPrice	3%
2026-07-10	31	$690.00	-0.25%	$28.14	⚪ lastPrice	3%
2026-07-24	45	$690.00	-0.25%	$37.53	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$17.40	17.40 / 658.79 = 2.64%	× 365/17 = 56.7%
2026-07-10	31	$28.14	28.14 / 658.79 = 4.27%	× 365/31 = 50.3%
2026-07-24	45	$37.53	37.53 / 658.79 = 5.70%	× 365/45 = 46.2%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.25) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $690 < 60d high $782 (gap 11.8%); may be tested on rally

Final pick: sell 2026-06-26 $690 call for ~$17.40 premium → 56.7% annualized yield.

GLW · spot $187.54

Step 1 — Engine composite breakdown

Composite = +0.368

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=-0.31…	+0.71	1/8	+0.088
fundamental	value=-0.76; quality=+0.60; pb_ratio=-2.00…	-0.18	1/8	-0.023
options	iv_rank=+2.00; iv_term_slope=-3.00; iv_skew=+2.00…	+0.72	1/8	+0.090
sentiment	news_sentiment=+1.88; reddit_wsb=+0.00	+0.94	1/8	+0.117
macro	vix_regime=+0.45; yield_curve=+0.00; credit_spreads=+0.16…	-0.03	1/8	-0.003
cross_asset	sector_rs=+1.07; market_regime=+1.73	+1.40	1/8	+0.175
alt_data	search_interest=+0.31; wiki_views=+0.00	+0.16	1/8	+0.019
flow	short_interest=-0.20; insider_activity=+0.16; insider_trades=-2.00…	-0.76	1/8	-0.095
			Σ	+0.368

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 94.0%
1y realized-vol distribution: p10 = 19.2%, p90 = 79.2%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 19.2%) / (79.2% − 19.2%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 94.0% = 0.13 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $207.96 (-9.8% from spot)
52-week high: $207.96 (-9.8% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-28 (49d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $187.54 × 1.05 = $196.92 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$197.50	+0.30%	$10.35	⚪ lastPrice	6%
2026-07-10	31	$197.50	+0.30%	$14.00	⚪ lastPrice	3%
2026-07-24	45	$197.50	+0.30%	$18.70	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$10.35	10.35 / 187.54 = 5.52%	× 365/17 = 118.5%
2026-07-10	31	$14.00	14.00 / 187.54 = 7.47%	× 365/31 = 87.9%
2026-07-24	45	$18.70	18.70 / 187.54 = 9.97%	× 365/45 = 80.9%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.37) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $198 < 60d high $208 (gap 5.0%); may be tested on rally

Final pick: sell 2026-06-26 $198 call for ~$10.35 premium → 118.5% annualized yield.

CRWV · spot $102.37

Step 1 — Engine composite breakdown

Composite = +0.094

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-1.50; mom_multi=-0.02; rsi=+0.07…	-0.55	1/8	-0.069
fundamental	value=+0.00; quality=-0.67; pb_ratio=-2.00…	-0.49	1/8	-0.061
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=+2.00…	+1.00	1/8	+0.125
sentiment	news_sentiment=+1.35; reddit_wsb=+0.00	+0.67	1/8	+0.084
macro	vix_regime=+0.39; yield_curve=+0.00; credit_spreads=+0.14…	-0.05	1/8	-0.006
cross_asset	sector_rs=-0.86; market_regime=+1.50	+0.32	1/8	+0.040
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=+0.70; insider_activity=+0.68; insider_trades=-2.00…	-0.15	1/8	-0.019
			Σ	+0.094

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 81.2%
1y realized-vol distribution: p10 = 75.5%, p90 = 128.1%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 75.5%) / (128.1% − 75.5%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 81.2% = 0.15 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $137.98 (-25.8% from spot)
52-week high: $183.58 (-44.2% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-05-07 (-33d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $102.37 × 1.05 = $107.49 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$107.00	-0.45%	$6.76	⚪ lastPrice	6%
2026-07-10	31	$107.00	-0.45%	$7.03	⚪ lastPrice	3%
2026-07-24	45	$107.00	-0.45%	$10.80	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$6.76	6.76 / 102.37 = 6.60%	× 365/17 = 141.8%
2026-07-10	31	$7.03	7.03 / 102.37 = 6.87%	× 365/31 = 80.9%
2026-07-24	45	$10.80	10.80 / 102.37 = 10.55%	× 365/45 = 85.6%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.09) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $107 < 60d high $138 (gap 22.5%); may be tested on rally

Final pick: sell 2026-06-26 $107 call for ~$6.76 premium → 141.8% annualized yield.

GOOGL · spot $363.31

Step 1 — Engine composite breakdown

Composite = +0.380

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=+1.45…	+0.79	1/8	+0.099
fundamental	value=-0.17; quality=+1.89; pb_ratio=-2.00…	-0.11	1/8	-0.013
options	iv_rank=+2.00; iv_term_slope=-3.00; iv_skew=-0.00…	-0.25	1/8	-0.031
sentiment	news_sentiment=+0.87; reddit_wsb=+0.00	+0.43	1/8	+0.054
macro	vix_regime=+0.48; yield_curve=+2.00; credit_spreads=+0.17…	+0.84	1/8	+0.106
cross_asset	sector_rs=+2.00; market_regime=+1.86	+1.93	1/8	+0.241
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=-0.19; insider_trades=-2.00…	-0.60	1/8	-0.075
			Σ	+0.380

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 30.6%
1y realized-vol distribution: p10 = 19.5%, p90 = 38.3%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 19.5%) / (38.3% − 19.5%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 30.6% = 0.41 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $402.38 (-9.7% from spot)
52-week high: $402.38 (-9.7% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-23 (44d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $363.31 × 1.05 = $381.48 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$380.00	-0.39%	$3.15	⚪ lastPrice	6%
2026-07-10	31	$380.00	-0.39%	$7.80	⚪ lastPrice	3%
2026-07-24	45	$380.00	-0.39%	$11.00	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$3.15	3.15 / 363.31 = 0.87%	× 365/13 = 24.3%
2026-07-10	31	$7.80	7.80 / 363.31 = 2.15%	× 365/31 = 25.3%
2026-07-24	45	$11.00	11.00 / 363.31 = 3.03%	× 365/45 = 24.6%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.38) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $380 < 60d high $402 (gap 5.6%); may be tested on rally

Final pick: sell 2026-07-10 $380 call for ~$7.80 premium → 25.3% annualized yield.

HOOD · spot $85.04

Step 1 — Engine composite breakdown

Composite = +0.151

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-2.65; mom_multi=+0.33; rsi=-0.50…	-0.50	1/8	-0.063
fundamental	value=-0.41; quality=+1.22; pb_ratio=-2.00…	-0.51	1/8	-0.064
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=+2.00…	+1.00	1/8	+0.125
sentiment	news_sentiment=+0.22; reddit_wsb=+0.00	+0.11	1/8	+0.014
macro	vix_regime=+0.91; yield_curve=-2.00; credit_spreads=+0.28…	-0.38	1/8	-0.048
cross_asset	sector_rs=+0.90; market_regime=+2.00	+1.45	1/8	+0.181
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=-0.21; insider_trades=+0.60…	+0.05	1/8	+0.006
			Σ	+0.151

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 83.1%
1y realized-vol distribution: p10 = 47.5%, p90 = 84.2%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 47.5%) / (84.2% − 47.5%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 83.1% = 0.15 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $94.30 (-9.8% from spot)
52-week high: $152.46 (-44.2% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-29 (50d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $85.04 × 1.05 = $89.29 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$89.00	-0.33%	$3.43	⚪ lastPrice	6%
2026-07-10	31	$89.00	-0.33%	$5.34	⚪ lastPrice	3%
2026-07-24	45	$89.00	-0.33%	$4.74	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$3.43	3.43 / 85.04 = 4.03%	× 365/17 = 86.6%
2026-07-10	31	$5.34	5.34 / 85.04 = 6.28%	× 365/31 = 73.9%
2026-07-24	45	$4.74	4.74 / 85.04 = 5.57%	× 365/45 = 45.2%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.15) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $89 < 60d high $94 (gap 5.6%); may be tested on rally

Final pick: sell 2026-06-26 $89 call for ~$3.43 premium → 86.6% annualized yield.

ARM · spot $346.39

Step 1 — Engine composite breakdown

Composite = +0.266

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=-1.37…	+1.16	1/8	+0.145
fundamental	value=-1.21; quality=+0.75; pb_ratio=-2.00…	-0.84	1/8	-0.105
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-2.00…	+0.75	1/8	+0.094
sentiment	news_sentiment=-0.95; reddit_wsb=+0.00	-0.47	1/8	-0.059
macro	vix_regime=+1.47; yield_curve=+0.00; credit_spreads=+0.28…	+0.26	1/8	+0.032
cross_asset	sector_rs=+2.00; market_regime=+2.00	+2.00	1/8	+0.250
alt_data	search_interest=-0.68; wiki_views=+0.00	-0.34	1/8	-0.043
flow	short_interest=+0.70; insider_activity=-0.25; insider_trades=-2.00…	-0.39	1/8	-0.048
			Σ	+0.266

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 122.9%
1y realized-vol distribution: p10 = 35.7%, p90 = 89.7%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 35.7%) / (89.7% − 35.7%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 122.9% = 0.05 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $411.83 (-15.9% from spot)
52-week high: $411.83 (-15.9% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-29 (50d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $346.39 × 1.05 = $363.71 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$362.50	-0.33%	$26.00	⚪ lastPrice	6%
2026-07-10	31	$365.00	+0.35%	$32.80	⚪ lastPrice	3%
2026-07-24	45	$365.00	+0.35%	$41.99	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$26.00	26.00 / 346.39 = 7.51%	× 365/17 = 161.2%
2026-07-10	31	$32.80	32.80 / 346.39 = 9.47%	× 365/31 = 111.5%
2026-07-24	45	$41.99	41.99 / 346.39 = 12.12%	× 365/45 = 98.3%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.27) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $362 < 60d high $412 (gap 12.0%); may be tested on rally

Final pick: sell 2026-06-26 $362 call for ~$26.00 premium → 161.2% annualized yield.

AVGO · spot $396.60

Step 1 — Engine composite breakdown

Composite = +0.444

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+1.30; mom_multi=+2.28; rsi=+0.41…	+0.20	1/8	+0.025
fundamental	value=+0.13; quality=+2.00; pb_ratio=-2.00…	-0.05	1/8	-0.006
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-1.25…	+0.94	1/8	+0.117
sentiment	news_sentiment=+1.02; reddit_wsb=+0.00	+0.51	1/8	+0.064
macro	vix_regime=+0.56; yield_curve=+0.00; credit_spreads=+0.20…	+0.37	1/8	+0.046
cross_asset	sector_rs=-1.14; market_regime=+2.00	+0.43	1/8	+0.054
alt_data	search_interest=+3.00; wiki_views=+0.00	+1.50	1/8	+0.188
flow	short_interest=-0.20; insider_activity=-0.15; insider_trades=+0.00…	-0.34	1/8	-0.042
			Σ	+0.444

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 67.3%
1y realized-vol distribution: p10 = 29.7%, p90 = 55.6%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 29.7%) / (55.6% − 29.7%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 67.3% = 0.19 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $481.57 (-17.6% from spot)
52-week high: $481.57 (-17.6% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-09-03 (86d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $396.60 × 1.05 = $416.43 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$415.00	-0.34%	$7.10	⚪ lastPrice	6%
2026-07-10	31	$415.00	-0.34%	$14.33	⚪ lastPrice	3%
2026-07-24	45	$415.00	-0.34%	$20.00	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$7.10	7.10 / 396.60 = 1.79%	× 365/13 = 50.3%
2026-07-10	31	$14.33	14.33 / 396.60 = 3.61%	× 365/31 = 42.5%
2026-07-24	45	$20.00	20.00 / 396.60 = 5.04%	× 365/45 = 40.9%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.44) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $415 < 60d high $482 (gap 13.8%); may be tested on rally

Final pick: sell 2026-06-22 $415 call for ~$7.10 premium → 50.3% annualized yield.

DELL · spot $400.77

Step 1 — Engine composite breakdown

Composite = +0.423

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=-1.73…	+1.18	1/8	+0.148
fundamental	value=+0.26; quality=+0.01; pb_ratio=+0.00…	+0.13	1/8	+0.016
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=-0.94…	+0.27	1/8	+0.033
sentiment	news_sentiment=+2.00; reddit_wsb=+0.00	+1.00	1/8	+0.125
macro	vix_regime=+0.54; yield_curve=+0.00; credit_spreads=+0.19…	+0.00	1/8	+0.000
cross_asset	sector_rs=+2.00; market_regime=+2.00	+2.00	1/8	+0.250
alt_data	search_interest=-1.80; wiki_views=+0.00	-0.90	1/8	-0.113
flow	short_interest=+0.00; insider_activity=+0.13; insider_trades=-2.00…	-0.29	1/8	-0.036
			Σ	+0.423

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 143.3%
1y realized-vol distribution: p10 = 31.7%, p90 = 86.7%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 31.7%) / (86.7% − 31.7%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 143.3% = 0.04 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $465.96 (-14.0% from spot)
52-week high: $465.96 (-14.0% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-09-03 (86d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $400.77 × 1.05 = $420.81 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$420.00	-0.19%	$19.30	⚪ lastPrice	6%
2026-07-10	31	$420.00	-0.19%	$28.35	⚪ lastPrice	3%
2026-07-24	45	$420.00	-0.19%	$33.10	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$19.30	19.30 / 400.77 = 4.82%	× 365/17 = 103.4%
2026-07-10	31	$28.35	28.35 / 400.77 = 7.07%	× 365/31 = 83.3%
2026-07-24	45	$33.10	33.10 / 400.77 = 8.26%	× 365/45 = 67.0%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.42) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $420 < 60d high $466 (gap 9.9%); may be tested on rally

Final pick: sell 2026-06-26 $420 call for ~$19.30 premium → 103.4% annualized yield.

IBM · spot $280.82

Step 1 — Engine composite breakdown

Composite = +0.057

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+0.61; mom_multi=+0.12; rsi=-1.20…	-0.03	1/8	-0.004
fundamental	value=+0.09; quality=+1.05; pb_ratio=-2.00…	+0.12	1/8	+0.015
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=+1.25…	+0.81	1/8	+0.102
sentiment	news_sentiment=+1.58; reddit_wsb=+0.00	+0.79	1/8	+0.099
macro	vix_regime=+0.26; yield_curve=+0.00; credit_spreads=+0.09…	-0.09	1/8	-0.012
cross_asset	sector_rs=-1.99; market_regime=+1.00	-0.50	1/8	-0.062
alt_data	search_interest=-1.07; wiki_views=+0.00	-0.54	1/8	-0.067
flow	short_interest=-0.20; insider_activity=-0.24; insider_trades=+0.00…	-0.11	1/8	-0.014
			Σ	+0.057

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 80.0%
1y realized-vol distribution: p10 = 18.1%, p90 = 55.1%
ATM-band median IV (chain ±15% spot, IV > 5%): 9.4%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((9.4% − 18.1%) / (55.1% − 18.1%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 9.4% / 80.0% = 0.12 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $329.23 (-14.7% from spot)
52-week high: $329.23 (-14.7% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-22 (43d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $280.82 × 1.05 = $294.86 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$295.00	+0.05%	$6.53	⚪ lastPrice	6%
2026-07-10	31	$295.00	+0.05%	$14.30	⚪ lastPrice	3%
2026-07-24	45	$295.00	+0.05%	$16.15	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$6.53	6.53 / 280.82 = 2.33%	× 365/17 = 49.9%
2026-07-10	31	$14.30	14.30 / 280.82 = 5.09%	× 365/31 = 60.0%
2026-07-24	45	$16.15	16.15 / 280.82 = 5.75%	× 365/45 = 46.6%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.06) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $295 < 60d high $329 (gap 10.4%); may be tested on rally

Final pick: sell 2026-07-10 $295 call for ~$14.30 premium → 60.0% annualized yield.

MRVL · spot $288.85

Step 1 — Engine composite breakdown

Composite = +0.559

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=-1.63…	+1.20	1/8	+0.149
fundamental	value=-0.79; quality=+1.37; pb_ratio=-2.00…	-0.30	1/8	-0.038
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=+0.94…	+1.48	1/8	+0.186
sentiment	news_sentiment=+1.18; reddit_wsb=+0.00	+0.59	1/8	+0.074
macro	vix_regime=+0.88; yield_curve=+0.00; credit_spreads=+0.28…	+0.11	1/8	+0.014
cross_asset	sector_rs=+2.00; market_regime=+2.00	+2.00	1/8	+0.250
alt_data	search_interest=+0.00; wiki_views=+0.00	+0.00	1/8	+0.000
flow	short_interest=-0.20; insider_activity=-0.21; insider_trades=-2.00…	-0.60	1/8	-0.075
			Σ	+0.559

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 145.0%
1y realized-vol distribution: p10 = 38.1%, p90 = 77.4%
ATM-band median IV (chain ±15% spot, IV > 5%): 9.4%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((9.4% − 38.1%) / (77.4% − 38.1%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 9.4% / 145.0% = 0.06 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $316.43 (-8.7% from spot)
52-week high: $316.43 (-8.7% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-08-27 (79d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $288.85 × 1.05 = $303.29 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$302.50	-0.26%	$24.00	⚪ lastPrice	6%
2026-07-10	31	$302.50	-0.26%	$32.70	⚪ lastPrice	3%
2026-07-24	45	$302.50	-0.26%	$40.73	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$24.00	24.00 / 288.85 = 8.31%	× 365/17 = 178.4%
2026-07-10	31	$32.70	32.70 / 288.85 = 11.32%	× 365/31 = 133.3%
2026-07-24	45	$40.73	40.73 / 288.85 = 14.10%	× 365/45 = 114.4%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.56) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $302 < 60d high $316 (gap 4.4%); may be tested on rally

Final pick: sell 2026-06-26 $302 call for ~$24.00 premium → 178.4% annualized yield.

MSFT · spot $411.74

Step 1 — Engine composite breakdown

Composite = -0.048

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-1.67; mom_multi=-0.29; rsi=+0.32…	-1.02	1/8	-0.128
fundamental	value=+0.07; quality=+1.74; pb_ratio=-2.00…	-0.05	1/8	-0.007
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-2.00…	+0.75	1/8	+0.094
sentiment	news_sentiment=+2.19; reddit_wsb=+0.00	+1.10	1/8	+0.137
macro	vix_regime=+0.43; yield_curve=+0.00; credit_spreads=+0.15…	+0.33	1/8	+0.041
cross_asset	sector_rs=-2.00; market_regime=+1.66	-0.17	1/8	-0.022
alt_data	search_interest=-1.40; wiki_views=+0.00	-0.70	1/8	-0.087
flow	short_interest=-0.20; insider_activity=-0.25; insider_trades=-2.00…	-0.61	1/8	-0.076
			Σ	-0.048

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 36.3%
1y realized-vol distribution: p10 = 12.6%, p90 = 34.4%
ATM-band median IV (chain ±15% spot, IV > 5%): 12.5%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((12.5% − 12.6%) / (34.4% − 12.6%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 12.5% / 36.3% = 0.34 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $460.52 (-10.6% from spot)
52-week high: $538.66 (-23.6% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-29 (50d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $411.74 × 1.05 = $432.33 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$430.00	-0.54%	$3.55	⚪ lastPrice	6%
2026-07-10	31	$430.00	-0.54%	$8.00	⚪ lastPrice	3%
2026-07-24	45	$430.00	-0.54%	$11.60	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$3.55	3.55 / 411.74 = 0.86%	× 365/13 = 24.2%
2026-07-10	31	$8.00	8.00 / 411.74 = 1.94%	× 365/31 = 22.9%
2026-07-24	45	$11.60	11.60 / 411.74 = 2.82%	× 365/45 = 22.9%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⚠ STRIKE BUFFER — chosen strike $430 < 60d high $461 (gap 6.6%); may be tested on rally

Final pick: sell 2026-06-22 $430 call for ~$3.55 premium → 24.2% annualized yield.

PLTR · spot $136.47

Step 1 — Engine composite breakdown

Composite = -0.172

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=-2.10; mom_multi=+0.05; rsi=-0.07…	-0.63	1/8	-0.079
fundamental	value=-0.99; quality=+1.92; pb_ratio=-2.00…	-0.48	1/8	-0.060
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=-0.94…	+0.27	1/8	+0.033
sentiment	news_sentiment=+1.25; reddit_wsb=+0.00	+0.63	1/8	+0.078
macro	vix_regime=+0.59; yield_curve=+0.00; credit_spreads=+0.21…	+0.02	1/8	+0.002
cross_asset	sector_rs=-2.00; market_regime=+2.00	+0.00	1/8	+0.000
alt_data	search_interest=-1.22; wiki_views=+0.00	-0.61	1/8	-0.076
flow	short_interest=-0.20; insider_activity=-0.07; insider_trades=-2.00…	-0.57	1/8	-0.071
			Σ	-0.172

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 61.9%
1y realized-vol distribution: p10 = 36.9%, p90 = 66.3%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 36.9%) / (66.3% − 36.9%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 61.9% = 0.10 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $160.84 (-15.2% from spot)
52-week high: $207.18 (-34.1% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-08-03 (55d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $136.47 × 1.05 = $143.29 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-26	17	$143.00	-0.20%	$3.38	⚪ lastPrice	6%
2026-07-10	31	$143.00	-0.20%	$5.48	⚪ lastPrice	3%
2026-07-24	45	$143.00	-0.20%	$7.60	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-26	17	$3.38	3.38 / 136.47 = 2.48%	× 365/17 = 53.2%
2026-07-10	31	$5.48	5.48 / 136.47 = 4.02%	× 365/31 = 47.3%
2026-07-24	45	$7.60	7.60 / 136.47 = 5.57%	× 365/45 = 45.2%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⚠ TIGHTER COVER — composite -0.17 < -0.05; engine flags directional weakness ⚠ STRIKE BUFFER — chosen strike $143 < 60d high $161 (gap 11.1%); may be tested on rally

Final pick: sell 2026-06-26 $143 call for ~$3.38 premium → 53.2% annualized yield.

TRX · spot $0.93

Step 1 — Engine composite breakdown

Composite = +0.171

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+3.00; mom_multi=+3.00; rsi=+1.43…	+0.77	1/8	+0.096
fundamental	value=+3.00; quality=-0.67; pb_ratio=-0.27…	+0.71	1/8	+0.089
options	iv_rank=+2.00; iv_term_slope=+3.00; iv_skew=-2.00…	+0.75	1/8	+0.094
sentiment	news_sentiment=+1.75; reddit_wsb=+0.00	+0.88	1/8	+0.110
macro	vix_regime=+0.33; yield_curve=-2.00; credit_spreads=+0.12…	-0.57	1/8	-0.071
cross_asset	sector_rs=-2.00; market_regime=+1.29	-0.35	1/8	-0.044
alt_data	search_interest=-0.94; wiki_views=+0.00	-0.47	1/8	-0.059
flow	short_interest=-0.20; insider_activity=-0.20; insider_trades=+0.00…	-0.35	1/8	-0.044
			Σ	+0.171

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 52.1%
1y realized-vol distribution: p10 = 42.5%, p90 = 129.1%
ATM-band median IV (chain ±15% spot, IV > 5%): 25.0%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((25.0% − 42.5%) / (129.1% − 42.5%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 25.0% / 52.1% = 0.48 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $1.61 (-42.2% from spot)
52-week high: $2.18 (-57.3% from spot)

Step 4 — Earnings calendar

Next earnings: 2026-07-14 (35d away) — outside 14-day risk window

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $0.93 × 1.05 = $0.98 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike	OI
2026-06-18	9	$1.00	+2.41%	$0.05	⚪ lastPrice	25%	0
2026-07-17	38	$1.00	+2.41%	$0.10	⚪ lastPrice	13%	0

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-18	9	$0.05	0.05 / 0.93 = 5.38%	× 365/9 = 218.0%
2026-07-17	38	$0.10	0.10 / 0.93 = 10.75%	× 365/38 = 103.3%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.17) but IV-rank only 0/100 (< 30) ⚠ STRIKE BUFFER — chosen strike $1 < 60d high $2 (gap 37.9%); may be tested on rally

Final pick: sell 2026-06-18 $1 call for ~$0.05 premium → 218.0% annualized yield.

QQQ · spot $716.07

Step 1 — Engine composite breakdown

Composite = +0.271

Per-family aggregation: family_score = mean(factor_z_scores); composite = sum(family_score * 1/8)

Family	Top factor z-scores	Family avg	Weight	Contribution
technical	momentum=+1.66; mom_multi=+1.27; rsi=-0.33…	+0.61	1/8	+0.076
fundamental	value=-0.46; quality=+0.00; pb_ratio=+0.50…	+0.34	1/8	+0.043
options	iv_rank=+2.00; iv_term_slope=-0.00; iv_skew=-1.09…	+0.23	1/8	+0.028
sentiment	news_sentiment=+0.79; reddit_wsb=+0.00	+0.39	1/8	+0.049
macro	vix_regime=+0.39; yield_curve=+0.00; credit_spreads=+0.14…	-0.05	1/8	-0.006
cross_asset	sector_rs=+0.00; market_regime=+1.50	+0.75	1/8	+0.094
alt_data	search_interest=-0.08; wiki_views=+0.00	-0.04	1/8	-0.005
flow	short_interest=+0.00; insider_activity=-0.25; insider_trades=+0.00…	-0.06	1/8	-0.008
			Σ	+0.271

Step 2 — Volatility regime math

RV20 = stdev(daily_returns_last_20d) * sqrt(252) = 22.6%
1y realized-vol distribution: p10 = 9.8%, p90 = 21.4%
ATM-band median IV (chain ±15% spot, IV > 5%): 6.3%
IV_rank = clip((IV − RV_p10) / (RV_p90 − RV_p10), 0, 1) = clip((6.3% − 9.8%) / (21.4% − 9.8%), 0, 1) = 0 / 100
IV/RV ratio = IV / RV20 = 6.3% / 22.6% = 0.28 (NEGATIVE edge)

Step 3 — Resistance levels

60-day high: $746.16 (-4.0% from spot)
52-week high: $746.16 (-4.0% from spot)

Step 4 — Earnings calendar

No upcoming earnings on file.

Step 5 — Strike selection math

Target = spot × (1 + 0.05) = $716.07 × 1.05 = $751.87 Engine picks the OTM strike with valid premium closest to target.

Expiry	DTE	Strike	Δ from target	Premium	Source	IV@strike
2026-06-22	13	$750.00	-0.25%	$1.52	⚪ lastPrice	6%
2026-07-10	31	$752.00	+0.02%	$5.93	⚪ lastPrice	3%
2026-07-24	45	$752.00	+0.02%	$9.09	⚪ lastPrice	3%

Step 6 — Premium yield math

Formulas:

  yield_per_period = premium / spot
  annualized       = yield_per_period × (365 / DTE)

Expiry	DTE	Premium	yield_per_period	Annualized
2026-06-22	13	$1.52	1.52 / 716.07 = 0.21%	× 365/13 = 6.0%
2026-07-10	31	$5.93	5.93 / 716.07 = 0.83%	× 365/31 = 9.8%
2026-07-24	45	$9.09	9.09 / 716.07 = 1.27%	× 365/45 = 10.3%

Step 7 — Decision tree (the actual code logic)

  IF composite > 0.05 AND iv_rank > 0.5:
     -> SELL — high-edge write
  ELIF composite > 0.05 AND iv_rank < 0.3:
     -> PAUSE — premium thin, wait for IV pop
  ELIF composite < -0.05:
     -> TIGHTER COVER — engine bearish on direction
  ELIF earnings within 14 days:
     -> SKIP — IV crush risk after print
  ELIF strike < 60d_high:
     -> WRITE BUT TAG: strike may be tested on rally
  ELSE:
     -> WRITE NORMAL

Applied:

⏸ PAUSE — composite long (+0.27) but IV-rank only 0/100 (< 30)

Final pick: sell 2026-07-24 $752 call for ~$9.09 premium → 10.3% annualized yield.