Episode · the market · Nov 3, 10:48 AM

NOW: 2026-11-03T15:48Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 15:48Z setup, P1, salience 87: BYD opening-range breakout (first 15 min): closed 77.765 above 77.52 on 5.9× its median minute volume today; opening range 77.5-77.52.
- 15:48Z setup, P1, salience 86: SPYV opening-range breakout (first 15 min): closed 64.03 above 63.92 on 5.2× its median minute volume today; opening range 63.76-63.92.
- 15:48Z setup, P1, salience 86: KMI new session high: closed 33.31 above 33.27 on 9.9× its median minute volume today; opening range 32.3-32.99.
- 15:48Z setup, P1, salience 86: IR new session high: closed 85.05 above 84.95 on 11.8× its median minute volume today; opening range 83.32-83.88.
- 15:48Z setup, P1, salience 82: WMB new session high: closed 74.08 above 73.99 on 4.5× its median minute volume today; opening range 69.72-73.36.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9900.85 · equity $9900.85 (-0.99%) · today +0.1% · 0 stocks, 0 options positions
- no stock positions

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 3/4 entries in 24 h, 1/2 in the last hour, 0/4 open; $805 more can be committed this hour; an entry is 50% of what the risk checks allow; one action per ticker per 30 min; no re-entry for 24 h after a stop-out or 6 h after an exit.
- Risk checks: at most 25% of equity per position ($2475.21); 0/8 positions; conviction ≥ 6/10 (≥ 8 for an overnight buy in the closing window, and none intraday then); price ≥ $5; stop 0.4-10% below the price (default 2.5%); reward:risk ≥ 1.2; no rebuy within 15 min of a sale; $9702.83 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2475); at most 4% of equity per position; 0/6 positions; conviction ≥ 7; long calls and puts, call and put debit spreads; buy |delta| 0.25-0.7, 7-45 days to expiration; contracts only from an option_menu result in this episode; exits default to -60% / +150% of the position's value, and code closes positions before expiration.
- Intraday stock positions are closed by code in the last minutes of the session; stops and targets rest at the broker as bracket or OCO orders.

MARKET
- SPY 755.23 (-0.06%), QQQ 686.73 (-0.55%), IWM 281.835, DIA 517.64, VIXY 18.095, TLT 81.25

SUBJECT BYD
- 77.765; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT SPYV
- 64.03; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT KMI
- 33.31; technicals: use the tools
- news: nothing in our feeds about it in the last 24 h

SUBJECT IR
- 85.05; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
61ff4f5487a9 [Nov 2, 2:03 PM ET | T2 tradingview.com | analyst action | sev 34 | +1 confirmations | +2.2% since] Stifel Adjusts Ingersoll Rand Price Target (https://www.tradingview.com/news/tradingview:b91fe05619ee7:0-stifel-maintains-ingersoll-rand-at-buy-raises-price-target-to-95-from-93)
</untrusted>

SUBJECT WMB
- 74.08; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
ccb9ce9d5dd8 [Nov 2, 5:18 PM ET | T1 sec.gov | offering | sev 65] WMB 424B2: WILLIAMS COMPANIES, INC. (https://www.sec.gov/Archives/edgar/data/107263/000119312526443895/0001193125-26-443895-index.htm)
e02b25218b1d [Nov 2, 4:07 PM ET | T1 sec.gov | earnings | sev 60] WMB 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/107263/000010726326000035/0000107263-26-000035-index.htm)
45554eb3c62e [Nov 3, 10:44 AM ET | T2 benzinga.com | earnings | sev 51 | +0.2% since] Williams Companies Q3 2026 Earnings Call Transcript (https://www.benzinga.com/news/26/11/62826982/williams-companies-q3-2026-earnings-call-transcript)
</untrusted>

YOUR NOTES
- [MARKET, 2026-11-03T14:30Z] Inside opening buffer until 14:40Z. No new buys allowed. Will scan for opening-range breakouts and new highs on heavy volume after the buffer clears.
- [MARKET, 2026-10-30T21:20Z] Market closed. QQQ down 3.48%. No positions. Review tomorrow for potential setups.

YOUR WATCHES
none

{
  "decisions": [
    {
      "symbol": "BYD",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 75.72,
      "take_profit": 81.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "BYD broke above its 15-min opening range high (77.52) on 5.9× median volume, closing at 77.765. Price is above SMA20/50 but below SMA200. RSI 67.9 is strong but not overbought. Reward:risk is >1.2 with stop at 75.72 (-2.5%) and target at 81.50 (+4.8%). No news, but volume confirms the move. Intraday horizon.",
      "evidence": [],
      "invalidation": "Price closes below VWAP 77.44 or breaks below 77.52 ORB high.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "SPYV",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 62.43,
      "take_profit": 66,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "SPYV broke above its 15-min opening range high (63.92) on 5.2× median volume, closing at 64.03. Price is above SMA20/50/200. RSI 60.6 is healthy. Reward:risk is >1.2 with stop at 62.43 (-2.5%) and target at 66.00 (+3.0%). No news, but volume confirms the move. Intraday horizon.",
      "evidence": [],
      "invalidation": "Price closes below VWAP 63.90 or breaks below 63.92 ORB high.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "WMB",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 72.22,
      "take_profit": 76.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "WMB broke above its 15-min opening range high (73.99) on 4.5× median volume, closing at 74.08. Price is above SMA20/50/200. RSI 54.9 is neutral. Reward:risk is >1.2 with stop at 72.22 (-2.5%) and target at 76.50 (+3.3%). News: Q3 earnings call transcript and SEC filings (offering/8-K) provide some fundamental context. Intraday horizon.",
      "evidence": [],
      "invalidation": "Price closes below VWAP 72.93 or breaks below 73.99 ORB high.",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "BYD",
      "text": "ORB breakout on heavy volume. No news. Intraday."
    },
    {
      "subject": "SPYV",
      "text": "ORB breakout on heavy volume. No news. Intraday."
    },
    {
      "subject": "WMB",
      "text": "ORB breakout on heavy volume. Earnings call transcript and SEC filings present. Intraday."
    }
  ],
  "reply": "Bought BYD, SPYV, and WMB on opening-range breakouts with heavy volume. All intraday, flat by close. IR and KMI skipped due to high RSI and weaker volume confirmation relative to setup quality."
}