1
Observe
Market evidence
SPY$765.550.69% implied1.15× richness
QQQ$717.851.20% implied3.01× richness
IWM$294.071.44% implied2.2× richness
Decision PassportCOMPETITION ACCOUNT — OUTSIDE SCORING WINDOW
Abstain / dislocated
Cash won because every generated candidate was excluded by competition policy, confirmation, pending, or existing-underlying state.
2
Auction
0 defined-risk candidates
3
Select
100% model confidence
Provider: deterministic. Schema fallback used: false.
4
Govern
Entry refused · $0.00
model abstained
5
Execute & reconcile
not submitted
None · quantity 0 · reconciliation clean
6
Outcome
$86,160.48 equity
HYPOTHETICAL — EXCLUDED FROM OFFICIAL P&L. Replay values never enter official performance evidence; Alpaca remains authoritative.