ATLAS

Autonomous Trading, Limited-risk Alpha System

account PA36N7LA7YYU PAPER as of 2026-09-04 00:58 UTC / 2026-09-03 18:58 Mountain

Equity

$97,719.89

P&L vs $100,000

-$2,280.11

Open / closed

8 / 7

Passes journaled

987

Top-trade concentration

Trades marked

Total P&L

-$1,738.15

Best trade

+$140.00

Share of best

n/a

P&L without the best trade

-$1,878.15

The debate

Proceed

Veto

Fallback

Cached

Gemini and NVIDIA NIM argue every candidate the gates accepted; a referee in code resolves it. The models can veto or rank. They cannot cause, size or price a trade.

Why the fallbacks: a fallback means a model lane gave no usable vote, so the deterministic gates decided alone, which is the direction this layer is built to fail in. No trade was affected.

nim: HTTP 410 × 34
gemini: no answer inside 45s (abandoned) × 10
nim: no answer inside 45s (abandoned) × 8
gemini: no answer inside 90s (abandoned) × 6
gemini: HTTP 503 × 5

Latest: IWM 2026-09-03T19:00:52 UTC · FALLBACK · incomplete debate (a lane gave no usable vote); the deterministic gates' answer stands

Debate did not complete (nim: HTTP 410); the trade stands on the deterministic gates alone.

Round 1 · ADVOCATE (nim)

(no reply)

Round 1 · SKEPTIC (nemotron)

**Poor risk‑reward:** You stand to gain only $210 while risking $790 (≈1 : 3.8 payoff).  
**Thin credit:** The spread yields just $0.21 credit on a $1.00 wide spread (21 % of width), leaving little cushion against adverse moves.  
**Limited vol edge:** Implied volatility is only 7 % above the 20‑day realized vol (IV/RV ≈ 1.07), so you’re not capturing much premium.  
**Underlying near‑term bias:** IWM sits below its 20‑day SMA (294.9 vs 299.3), suggesting a possible bounce that would push the price toward the short strike at 300.  
**Short time horizon:** With only 8 days to expiry, the underlying must stay below 300 for the entire period; any upward move quickly erodes the credit.  
**Directional exposure:** The desk already has call‑side exposure (≈ $3.9 k used of a $14.7 k budget); adding this spread increases call‑biased risk.  
**Maximum loss sizable:** A full loss would consume nearly 1 % of the desk’s equity ($97.9 k), which is material for a low‑edge trade.  

Given these factors, the trade offers insufficient reward for the risk taken; it’s better to skip it this cycle.

Open spreads

Underlying	Kind	Short/Long	Qty	Expiry	Credit	Mark	Unrealized	IV/RV at entry	Short delta
NFLX	put	81.0/80.0	10	2026-09-11	0.25	0.27	-$20.00	1.01	-0.30
INTC	call	95.0/96.0	10	2026-09-11	0.19	0.34	-$150.00	1.24	+0.30
TSLA	put	352.5/350.0	7	2026-09-11	0.4	0.37	+$21.00	1.08	-0.20
AMZN	call	265.0/267.5	7	2026-09-11	0.45	0.61	-$115.15	1.09	+0.26
GOOGL	call	350.0/352.5	8	2026-09-11	0.48	0.64	-$128.00	1.28	+0.30
AAPL	put	322.5/320.0	7	2026-09-11	0.56	0.69	-$91.00	1.49	-0.28
SLV	put	58.5/57.5	10	2026-09-11	0.17	0.23	-$60.00	1.05	-0.26
DIA	put	532.5/530.0	7	2026-09-11	0.45	0.51	-$42.00	1.37	-0.30

Collateral ledgers

DEFINED_RISK used $9,704.00 of budget $24,429.97

Sum of width-defined max loss across open spreads. Budget 25% of equity.

CASH_SECURED used $0.00 of budget $0.00

Naked short puts. Budget is zero by design; a lone short leg would show here and freeze new entries until the sweep closes it.

MCP cross-check

Alpaca MCP Server 3.4.7

Equity (MCP)

$97,719.89

Account

PA36N7LA7YYU

Agrees with the agent registry: YES

AAPL260911P00320000 7.0

AAPL260911P00322500 -7.0

AMZN260911C00265000 -7.0

AMZN260911C00267500 7.0

DIA260911P00530000 7.0

DIA260911P00532500 -7.0

GOOGL260911C00350000 -8.0

GOOGL260911C00352500 8.0

INTC260911C00095000 -10.0

INTC260911C00096000 10.0

NFLX260911P00080000 10.0

NFLX260911P00081000 -10.0

SLV260911P00057500 10.0

SLV260911P00058500 -10.0

TSLA260911P00350000 7.0

TSLA260911P00352500 -7.0

Independent view of the book through the official Alpaca MCP server, spawned each cycle with keys injected from the Keychain.

Gates the code reads

Gate	Parameter	Fired
Account identity	ACCOUNT_NUMBER = PA36N7LA7YYU	refuses to start
Orphan sweep, shorts first	every cycle	0 flattened
DTE window	7-14	per contract
Quote quality	spread <= 15%, bid >= 0.05	0
Earnings (fails closed)	expiry may not span a report	100
Vol premium	IV/RV >= 1.0	254
Construction	delta 0.12-0.3 near 0.2, credit/width 0.2-0.55	72
Quote width	natural >= 70% of mid	128
Sizing	max loss <= 1.5% of equity, cap 10	0
Concentration	<= 20 open, 1 per underlying	300
Collateral ledger	defined-risk 25%, cash-secured 0%	14
Entry window	not first 15 or last 30 min	8
Execution	natural - 0.02, rest 150s, cancel, confirm, reconcile	13 unfilled
Exits	target 50%, stop 2.0x, DTE <= 1	8 closes

Journal tail

Last 40 events, newest at the bottom. A PASS is written with its reason; an idle desk with live signals is a failure state unless the pass is on paper.

19:30:09 HOLD INTC mark 0.25 vs credit 0.19 dte 8

19:30:09 HOLD TSLA mark 0.29 vs credit 0.4 dte 8

19:30:09 HOLD AMZN mark 0.58 vs credit 0.45 dte 8

19:30:09 HOLD GOOGL mark 0.61 vs credit 0.48 dte 8

19:30:10 HOLD AAPL mark 0.74 vs credit 0.56 dte 8

19:30:10 HOLD SLV mark 0.19 vs credit 0.17 dte 8

19:30:10 HOLD DIA mark 0.51 vs credit 0.45 dte 8

19:30:10 LEDGERS DEFINED_RISK={'budget': 24509.72, 'used': 9704.0, 'room': 14805.72, 'items': [['NFLX-2026-09-11-put-9284b8', 750.0], ['INTC-2026-09-11-call-1ff48f', 810.0], ['T

19:30:10 PASS *: entry window: 30 min to close < 30

19:30:12 CYCLE_END opened [] passes 0 errors 0

19:45:08 CYCLE_START equity 98093.89 open=True

19:45:09 sweep_start groups={"('AAPL', datetime.date(2026, 9, 11), 'put')": 0.0, "('AMZN', datetime.date(2026, 9, 11), 'call')": 0.0, "('DIA', datetime.date(2026, 9, 11), 'put')": 0

19:45:09 sweep_done unbalanced_groups=0, resolved=0

19:45:09 HOLD NFLX mark 0.27 vs credit 0.25 dte 8

19:45:09 HOLD INTC mark 0.26 vs credit 0.19 dte 8

19:45:09 HOLD TSLA mark 0.37 vs credit 0.4 dte 8

19:45:10 HOLD AMZN mark 0.6 vs credit 0.45 dte 8

19:45:10 HOLD GOOGL mark 0.64 vs credit 0.48 dte 8

19:45:10 HOLD AAPL mark 0.7 vs credit 0.56 dte 8

19:45:10 HOLD SLV mark 0.22 vs credit 0.17 dte 8

19:45:10 HOLD DIA mark 0.5 vs credit 0.45 dte 8

19:45:10 LEDGERS DEFINED_RISK={'budget': 24523.47, 'used': 9704.0, 'room': 14819.47, 'items': [['NFLX-2026-09-11-put-9284b8', 750.0], ['INTC-2026-09-11-call-1ff48f', 810.0], ['T

19:45:10 PASS *: entry window: 15 min to close < 30

19:45:12 CYCLE_END opened [] passes 0 errors 0

20:00:09 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=1050

20:30:09 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=1020

21:00:09 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=990

21:30:10 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=960

22:00:10 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=930

22:30:10 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=900

23:00:11 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=870

23:25:15 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=845

23:55:15 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=815

00:25:16 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=785

00:55:17 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=755

00:58:26 CYCLE_START equity 97719.89 open=False

00:58:27 LEDGERS DEFINED_RISK={'budget': 24429.97, 'used': 9704.0, 'room': 14725.97, 'items': [['NFLX-2026-09-11-put-9284b8', 750.0], ['INTC-2026-09-11-call-1ff48f', 810.0], ['T

00:58:27 PASS *: market closed: no entries, no exits

00:58:30 CYCLE_END opened [] passes 0 errors 0

00:58:48 SLEEP next_open=2026-09-04T09:30:00-04:00, minutes=751

Measured universe

36 candidates measured 2026-09-01T19:02 UTC on 7-14 DTE quote quality; the 20 in bold are the fixed universe. No scanner runs in the tree.

Symbol	Rank	Score	Median spread (10-35 delta)	Median $ spread	Tradeable band contracts	Expiries in window
SPY	1	0.87	1.6%	0.02	120	6
QQQ	2	0.79	2.6%	0.06	160	6
TSLA	3	0.76	2.8%	0.07	46	3
PLTR	4	0.65	4.7%	0.075	10	1
NVDA	5	0.65	3.1%	0.05	21	3
IWM	6	0.60	5.1%	0.04	81	6
ORCL	7	0.55	6.5%	0.175	27	1
DIA	8	0.52	5.5%	0.07	19	1
NFLX	9	0.51	6.7%	0.02	8	1
AVGO	10	0.48	7.4%	0.37	69	3
MU	11	0.44	6.8%	0.57	58	3
AAPL	12	0.44	7.5%	0.13	21	3
AMZN	13	0.42	7.7%	0.11	17	3
GLD	14	0.42	8.1%	0.14	104	6
BAC	15	0.37	6.5%	0.03	3	1
WMT	16	0.35	9.3%	0.04	6	1
COIN	17	0.34	9.8%	0.215	11	1
TLT	18	0.33	11.2%	0.01	9	3
GOOGL	19	0.32	11.9%	0.15	18	3
SLV	20	0.30	12.4%	0.05	27	3