NO_OP · —
Covered-Call Recycler on ETH · regime RANGE_BOUND · decided in 1477.50 ms of a 5000 ms budget.
Model snapshot at decision time
SleeveCR.2 — Covered-Call Recycler
Decided at2026-05-23T21:47:53.257Z
UnderlyingETH
Spot$3,215.75
IV percentile 90d39.0%
IV–RV spread2,764 bps
RegimeRANGE_BOUND
Confidence25.0%
Expected edge—
Expected payoff$15,854
Capital at risk—
Latency budget5000 ms
Decided within1477.497 ms
Rationale tree · 2 of 3 rules fired
CR2.IV_RV_SPREAD_POSITIVEweight 25% · v1.4
iv_rv_spread_bps >= 1500 (obs 2764)
IV-RV spread 2764 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 0.3895)
IV percentile 0.39 < 0.80 threshold
Resulting order intent
BUY · 0 · —
Side
BUY
Qty
0
Limit
—
Fill
pending