NO_OP · —
Covered-Call Recycler on ETH · regime RANGE_BOUND · decided in 2464.69 ms of a 5000 ms budget.
Model snapshot at decision time
SleeveCR.2 — Covered-Call Recycler
Decided at2026-05-23T21:47:22.129Z
UnderlyingETH
Spot$3,174.30
IV percentile 90d40.5%
IV–RV spread3,155 bps
RegimeRANGE_BOUND
Confidence25.0%
Expected edge—
Expected payoff$16,531
Capital at risk—
Latency budget5000 ms
Decided within2464.686 ms
Rationale tree · 2 of 3 rules fired
CR2.IV_RV_SPREAD_POSITIVEweight 25% · v1.4
iv_rv_spread_bps >= 1500 (obs 3155)
IV-RV spread 3155 bps ≥ 1500 bps
CR2.REGIME_GATEweight 20% · v1.4
regime in ["LOW_VOL_COMPRESSION","RANGE_BOUND"] (obs RANGE_BOUND)
Regime RANGE_BOUND matches sleeve playbook
CR2.SELL_CALL_WHEN_IV_RICHskipped · v1.4
iv_percentile_90d >= 0.8 (obs 0.4046)
IV percentile 0.40 < 0.80 threshold
Resulting order intent
BUY · 0 · —
Side
BUY
Qty
0
Limit
—
Fill
pending