Episode · the market · Nov 5, 1:27 PM

NOW: 2026-11-05T18:27Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 18:27Z setup, P1, salience 73: U new session high: closed 48.85 above 48.76 on 3.3× its median minute volume today; opening range 45.44-47.85.

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: 0/4 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 737.28 (-2.44%), QQQ 652.68 (-5.48%), IWM 272.17, DIA 516.65, VIXY 20.54, TLT 82.065

SUBJECT U
- 48.85; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
87ca260aa074 [Nov 5, 9:46 AM ET | T1 anomaly | price shock | sev 67 | +3.1% since] U +2.40% in 15 min (z 4.31 after removing SPY's move)
affd1494f1c6 [Nov 5, 7:06 AM ET | T1 sec.gov | earnings | sev 60] U 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1810806/000181080626000053/0001810806-26-000053-index.htm)
8926674c3fc9 [Nov 5, 11:11 AM ET | T2 benzinga.com | earnings | sev 59 | +5.2% since] Unity Stock Booms After Strong Q3 Results (https://www.benzinga.com/trading-ideas/movers/26/11/62932085/unity-stock-booms-after-strong-q3-results)
</untrusted>

YOUR NOTES
- [MARKET, 2026-11-05T16:01Z] All 18 P1 setups are opening-range breakouts or new session highs occurring in the closing window (15:57-16:01Z) with no fundamental catalysts in our feeds. Conviction is low due to lack of news and the closing window environment. No new entries.
- [MARKET, 2026-11-04T21:10Z] Market closed higher (SPY +1.48%). No positions held. Ready for tomorrow's open to look for setups.
- [MARKET, 2026-11-04T20:40Z] Closing window (20:40Z). All intraday positions (BUG, SNX) will be closed by code. No new entries permitted by envelope (3/4 in 24h, 0/2 in last hour, but closing window rules and prior fullness apply). No new entries.
- [MARKET, 2026-11-04T16:19Z] Closing window (16:18Z). All intraday positions will be closed by code. No new entries permitted by envelope (4/4 in 24h).
- [MARKET, 2026-11-03T16:53Z] Closing window. All setups are opening-range breakouts with no fundamental catalysts. No new entries. Positions closed by code if any existed (none held).

YOUR WATCHES
- 3660af25-b700-4bd3-b441-bd87fc7128b8: NVD below 4.89, until 2026-11-06T15:07Z. Note: NVD breakout setup. Watch for retest of 4.89 (OR high). No news catalyst found in last 24h.

{
  "decisions": [
    {
      "symbol": "U",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 47.55,
      "take_profit": 51.3,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "U reported strong Q3 2026 earnings (EPS $0.44 vs $0.03 expected, revenue beat) and broke above the opening range high of 48.45 and the 48.76 resistance on heavy volume (3.3x median). The move is supported by a T1 SEC filing and T2 news confirmations. Price is at 48.85, above VWAP (47.18) and EMAs. Intraday breakout with fundamental catalyst.",
      "evidence": [],
      "invalidation": "Price closes below the opening range high of 48.45 or the VWAP of 47.18.",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "U",
      "action": "buy_option",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 0.6,
      "take_profit": 1.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Alternative instrument for U breakout. Using 7-day expiration (Nov 12) call to capture intraday move. Delta 0.50, bid 0.45, ask 0.50. Stop loss at 0.60 (premium), take profit at 1.50 (premium).",
      "evidence": [],
      "invalidation": "Price closes below the opening range high of 48.45 or the VWAP of 47.18.",
      "structure_id": null,
      "option": {
        "strategy": "long_call",
        "long_leg": "U261112C00048000",
        "short_leg": null,
        "premium_pct": 2.5,
        "stop_loss_pct": 60,
        "take_profit_pct": 150
      }
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "U broke out on strong Q3 earnings (EPS $0.44 vs $0.03 exp) above 48.45 OR high on 3.3x volume. Bought shares and a Nov 12 $48 call (0.50 delta) as intraday trades. Stop at 47.55 (shares) / 0.60 (option)."
}