NO_OP · —
Covered-Call Recycler on ETH · regime RANGE_BOUND · decided in 2749.85 ms of a 5000 ms budget.
Model snapshot at decision time
SleeveCR.2 — Covered-Call Recycler
Decided at2026-05-23T21:48:46.748Z
UnderlyingETH
Spot$3,186.55
IV percentile 90d80.3%
IV–RV spread-487 bps
RegimeRANGE_BOUND
Confidence40.0%
Expected edge—
Expected payoff$4,616
Capital at risk—
Latency budget5000 ms
Decided within2749.851 ms
Rationale tree · 2 of 3 rules fired
CR2.SELL_CALL_WHEN_IV_RICHweight 40% · v1.4
iv_percentile_90d >= 0.8 (obs 0.8025)
IV percentile 0.80 ≥ 0.80 threshold
CR2.REGIME_GATEweight 20% · v1.4
regime in ["LOW_VOL_COMPRESSION","RANGE_BOUND"] (obs RANGE_BOUND)
Regime RANGE_BOUND matches sleeve playbook
CR2.IV_RV_SPREAD_POSITIVEskipped · v1.4
iv_rv_spread_bps >= 1500 (obs -487)
IV-RV spread -487 bps < 1500 bps
Resulting order intent
BUY · 0 · —
Side
BUY
Qty
0
Limit
—
Fill
pending