NO_OP · —
Covered-Call Recycler on ETH · regime LOW_VOL_COMPRESSION · decided in 2741.92 ms of a 5000 ms budget.
Model snapshot at decision time
SleeveCR.2 — Covered-Call Recycler
Decided at2026-05-23T21:47:38.942Z
UnderlyingETH
Spot$3,238.30
IV percentile 90d75.4%
IV–RV spread-76 bps
RegimeLOW_VOL_COMPRESSION
Confidence20.0%
Expected edge—
Expected payoff$8,907
Capital at risk—
Latency budget5000 ms
Decided within2741.922 ms
Rationale tree · 1 of 3 rules fired
CR2.REGIME_GATEweight 20% · v1.4
regime in ["LOW_VOL_COMPRESSION","RANGE_BOUND"] (obs LOW_VOL_COMPRESSION)
Regime LOW_VOL_COMPRESSION matches sleeve playbook
CR2.SELL_CALL_WHEN_IV_RICHskipped · v1.4
iv_percentile_90d >= 0.8 (obs 0.7544)
IV percentile 0.75 < 0.80 threshold
CR2.IV_RV_SPREAD_POSITIVEskipped · v1.4
iv_rv_spread_bps >= 1500 (obs -76)
IV-RV spread -76 bps < 1500 bps
Resulting order intent
BUY · 0 · —
Side
BUY
Qty
0
Limit
—
Fill
pending