Episode · the market · Nov 5, 10:16 AM

NOW: 2026-11-05T15:16Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 15:12Z setup, P1, salience 86: INSM opening-range breakout (first 15 min): closed 109.2 above 108.97 on 5.5× its median minute volume today; opening range 107.83-108.97.
- 15:12Z setup, P1, salience 86: QSR opening-range breakout (first 15 min): closed 78.85 above 78.69 on 8.4× its median minute volume today; opening range 78.34-78.69.
- 15:12Z setup, P1, salience 64: CAG opening-range breakout (first 15 min): closed 15.46 above 15.43 on 2.2× its median minute volume today; opening range 15.27-15.43.
- 15:12Z setup, P1, salience 63: EXC opening-range breakout (first 15 min): closed 46.98 above 46.89 on 2.1× its median minute volume today; opening range 46.65-46.89.
- 15:13Z setup, P1, salience 74: VZ opening-range breakout (first 15 min): closed 46.755 above 46.66 on 3.5× its median minute volume today; opening range 46.5-46.66.
- 15:13Z setup, P1, salience 71: LAMR opening-range breakout (first 15 min): closed 160.745 above 159.59 on 2.8× its median minute volume today; opening range 157.23-159.59.
- 15:13Z setup, P1, salience 69: WMT opening-range breakout (first 15 min): closed 131.48 above 131.21 on 2.8× its median minute volume today; opening range 130.54-131.21.
- 15:13Z setup, P1, salience 64: ADP opening-range breakout (first 15 min): closed 308.26 above 307.94 on 2.3× its median minute volume today; opening range 305.37-307.94.
- 15:14Z setup, P1, salience 86: DEO opening-range breakout (first 15 min): closed 101.24 above 101.09 on 5.4× its median minute volume today; opening range 100.39-101.09.
- 15:14Z setup, P1, salience 67: ACGL opening-range breakout (first 15 min): closed 113.39 above 113.11 on 2.6× its median minute volume today; opening range 112.02-113.11.
- 15:15Z setup, P1, salience 77: SH opening-range breakout (first 15 min): closed 33.12 above 32.64 on 3.1× its median minute volume today; opening range 32.45-32.64.
- 15:15Z setup, P1, salience 76: EFX opening-range breakout (first 15 min): closed 195.68 above 195.42 on 3.8× its median minute volume today; opening range 195.42-195.42.
- 15:15Z setup, P1, salience 68: MEDP opening-range breakout (first 15 min): closed 660.98 above 659.1 on 2.7× its median minute volume today; opening range 654.91-659.1.
- 15:16Z setup, P1, salience 74: WTS opening-range breakout (first 15 min): closed 365.155 above 361.91 on 3.1× its median minute volume today; opening range 344.9-361.91.
- 15:16Z setup, P1, salience 68: UHS opening-range breakout (first 15 min): closed 204.2 above 202.98 on 2.5× its median minute volume today; opening range 201.49-202.98.
- 15:16Z setup, P1, salience 67: CNI opening-range breakout (first 15 min): closed 129.805 above 129.45 on 2.5× its median minute volume today; opening range 128.15-129.45.
- 15:16Z setup, P1, salience 63: ALC opening-range breakout (first 15 min): closed 77.635 above 77.53 on 2.2× its median minute volume today; opening range 77.32-77.53.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9896.37 · equity $9896.37 (-1.04%) · today +0% · 0 stocks, 0 options positions
- no stock positions

LIMITS (enforced by code)
- Market: the regular session. New buys: allowed.
- Your envelope: 1/4 entries in 24 h, 0/2 in the last hour, 0/4 open; $990 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 ($2474.09); 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; $9698.44 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2474); 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 751.26 (-0.59%), QQQ 663.665 (-3.89%), IWM 279.09, DIA 527.13, VIXY 18.78, TLT 81.845

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

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

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

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

SUBJECT VZ
- 46.69; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
072489fd87c7 [Nov 5, 6:32 AM ET | T2 tradingview.com | guidance | sev 55] BT Group Reconfirms Guidance and Continues Verizon Joint Venture Plans (https://www.tradingview.com/news/urn:summary_document_slides:quartr.com:4262482:0-bt-a-revenue-and-ebitda-grew-1-as-fibre-momentum-advanced-and-fy27-guidance-held)
</untrusted>

SUBJECT LAMR
- 160.745; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
321bda2bc0de [Nov 5, 6:53 AM ET | T1 sec.gov | earnings | sev 60] LAMR 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1090425/000109042526000027/0001090425-26-000027-index.htm)
653c9e41ac3e [Nov 5, 7:32 AM ET | T2 globenewswire.com | guidance | sev 55] Lamar Advertising Reports Third Quarter 2026 Financial Results and Raises Full-Year Guidance (https://www.globenewswire.com/news-release/2026/11/05/3396160/16126/en/lamar-advertising-company-announces-third-quarter-ended-september-30-2026-operating-results.html)
> machine summary of the article: Lamar Advertising Company reported third-quarter 2026 net revenues of $624.5 million and net income of $165.0 million. CEO Sean Reilly stated that sales growth accelerated due to national customer demand and political spend, leading the company to raise its full-year AFFO per diluted share guidance to a range of $8.87 to $8.97.
</untrusted>

SUBJECT WMT
- 131.405; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
1bf34a04f1f2 [Nov 4, 3:56 PM ET | T1 anomaly | price shock | sev 81 | +1.6% since] WMT -0.53% in 1 min (z -5.91 after removing SPY's move)
b51284d1d90e [Nov 5, 10:03 AM ET | T1 anomaly | price shock | sev 59 | +0.2% since] WMT -0.41% in 1 min (z -4.29 after removing SPY's move)
</untrusted>

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

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

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

SUBJECT SH
- 33.12; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
f668f654f907 [Nov 5, 9:51 AM ET | T1 anomaly | price shock | sev 88 | +0.8% since] SH +0.67% in 1 min (z 8.84 after removing SPY's move)
</untrusted>

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

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

SUBJECT WTS
- 365.155; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
ac062bad2273 [Nov 4, 4:43 PM ET | T1 sec.gov | earnings | sev 60] WTS 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/795403/000110465926122745/0001104659-26-122745-index.htm)
67540911210c [Nov 5, 9:41 AM ET | T2 benzi… [cut: 10,179 characters in all]

{
  "decisions": [
    {
      "symbol": "DEO",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 98.75,
      "take_profit": 106.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Strongest setup: 5.4× volume breakout above 101.09 on 101.24. Price is above all SMAs (20/50/200) and VWAP (100.95), with RSI 67.1 showing healthy momentum. No news, but the move is clean and on heavy volume. Reward:risk is >1.2 (target 106.50 vs stop 98.75).",
      "evidence": [
        "Price 101.24, OR high 101.09, 5.4× vol.",
        "Above SMA20 (93.71), SMA50 (89.88), SMA200 (85.94).",
        "Above VWAP (100.95). RSI 67.1."
      ],
      "invalidation": "Close below 100.39 (OR low) or 100.00 (VWAP).",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "LAMR",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 158.2,
      "take_profit": 165.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 8,
      "rationale": "Solid setup: 2.8× volume breakout above 159.59 on 160.745. Strong fundamental catalyst: Q3 earnings beat and raised full-year guidance (AFFO $8.87-$8.97). Price is above all SMAs and VWAP (159.02), with RSI 68.6. Reward:risk is >1.2 (target 165.50 vs stop 158.20).",
      "evidence": [
        "Price 160.745, OR high 159.59, 2.8× vol.",
        "Above SMA20 (153.7), SMA50 (149.73), SMA200 (145.32).",
        "Above VWAP (159.02). RSI 68.6.",
        "Q3 earnings: Net income $165.0M, raised AFFO guidance."
      ],
      "invalidation": "Close below 157.12 (OR low) or 159.00 (VWAP).",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "INSM",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 106.8,
      "take_profit": 114.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "Setup: 5.5× volume breakout above 108.97 on 109.595. Price is above VWAP (108.44) and SMA20 (100.29), but below SMA50 (111.38) and SMA200 (124.37). RSI 56.1 is neutral. Reward:risk is >1.2 (target 114.50 vs stop 106.80). Lower conviction due to lack of news and mixed technicals (below 50/200 SMA).",
      "evidence": [
        "Price 109.595, OR high 108.97, 5.5× vol.",
        "Above SMA20 (100.29) and VWAP (108.44). Below SMA50 (111.38) and SMA200 (124.37).",
        "RSI 56.1."
      ],
      "invalidation": "Close below 106.84 (OR low) or 108.00 (SMA20).",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Bought DEO, LAMR, and INSM on opening-range breakouts. LAMR has a strong earnings catalyst. DEO and INSM are clean breakouts on heavy volume. All intraday, closed by code before session end."
}