Episode · the market · Nov 6, 1:02 PM

NOW: 2026-11-06T18:02Z

WOKE FOR: MARKET (P1 opportunity)

OBSERVATIONS
- 18:01Z setup, P1, salience 87: PCVX new session high: closed 64.54 above 64.28 on 15.6× its median minute volume today; opening range 61.18-61.6.
- 18:01Z setup, P1, salience 65: DKNG opening-range breakout (first 15 min): closed 17.575 above 17.52 on 2.3× its median minute volume today; opening range 16.82-17.52.
- 18:02Z setup, P1, salience 68: LQDA opening-range breakout (first 15 min): closed 45.41 above 45.07 on 2.4× its median minute volume today; opening range 44.58-45.07.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $9901.35 · equity $9901.35 (-0.99%) · today +0% · 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, 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 ($2475.34); 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; $9703.32 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 736.475 (-3.95%), QQQ 655.74 (-5.2%), IWM 273.12, DIA 513.73, VIXY 20.69, TLT 82.25

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

SUBJECT DKNG
- 17.61; technicals: use the tools
- news in our feeds, last 24 h, most severe first:
<untrusted source="wire">
1d7659921137 [Nov 6, 6:51 AM ET | T1 sec.gov | earnings | sev 60] DKNG 8-K: 2.02 Results of Operations and Financial Condition (https://www.sec.gov/Archives/edgar/data/1883685/000188368526000039/0001883685-26-000039-index.htm)
e6cecbf0a0bf [Nov 6, 8:12 AM ET | T2 benzinga.com | guidance | sev 55 | -1.1% since] DraftKings Stock Plunges After Double Miss, Full-Year Guidance Cut (https://www.benzinga.com/trading-ideas/movers/26/11/62973734/draftkings-stock-plunges-after-double-miss-full-year-guidance-cut)
e30dfc8a0d49 [Nov 5, 6:02 PM ET | T2 cdcgaming.com | guidance | sev 55] DraftKings Reports Third Quarter 2026 Financial Results and Fiscal 2027 Guidance (https://cdcgaming.com/draftkings-revenue-reaches-1-3-billion-in-third-quarter)
> machine summary of the article: DraftKings reported third-quarter revenue of $1.3 billion, a 16% increase from $1.1 billion in 2025. CEO Jason Robins attributed growth to customer engagement and the company's predictions offering. The company updated its fiscal 2027 guidance, projecting revenue between $7.35 billion and $7.75 billion.
</untrusted>

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

YOUR NOTES
- [MARKET, 2026-11-06T13:15Z] October Jobs report drops at 08:30 ET (15 min). Market is closed; new buys blocked until open. Will wait for the data release and initial volatility to settle before evaluating intraday or swing setups. Watches for VCRM and JMUB remain active.
- [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).

YOUR WATCHES
- 2e62424e-5404-4d44-9178-df253c9e5011: VCRM below 74.22, until 2026-11-06T19:26Z. Note: VCRM OR low 74.22. Breakout failed if price reclaims below 74.22; review for potential short or wait for retest of 74.18-74.22 range.
- 4677d352-1b90-4c35-ac57-13ded726fc05: JMUB below 49.18, until 2026-11-06T19:20Z. Note: JMUB OR low 49.18. Breakout failed if price reclaims below 49.18; review for potential short or wait for retest of 49.22-49.29 range.

{
  "decisions": [
    {
      "symbol": "PCVX",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 62.89,
      "take_profit": 68.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "PCVX broke above its opening range high (62.02) and closed at 64.54 on 15.6x median volume, a strong P1 breakout. Price is above VWAP (63.61) and 20/50-day SMAs, with RSI at 75.3 indicating strong momentum. No news catalyst, but the volume and price action are decisive. Stop set below VWAP and recent support. Target is a 1:1.2 risk/reward based on ATR.",
      "evidence": [],
      "invalidation": "Price closes below VWAP (63.61) or reverts below opening range high (62.02).",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "LQDA",
      "action": "buy",
      "allocation_pct": 2.5,
      "sell_pct": 100,
      "stop_loss": 44.2,
      "take_profit": 47.5,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 6,
      "rationale": "LQDA broke above its opening range high (45.15) and closed at 45.41 on 2.4x median volume. Price is above VWAP (44.82) and 20-day SMA, with RSI at 67.1. No news catalyst, but the breakout is clean. Stop set below VWAP. Target is a 1:1.2 risk/reward based on ATR.",
      "evidence": [],
      "invalidation": "Price closes below VWAP (44.82) or reverts below opening range high (45.15).",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Evaluated three P1 setups: PCVX, DKNG, and LQDA. PCVX showed the strongest volume and breakout, with conviction 7. LQDA had a clean breakout with conviction 6. DKNG had a negative earnings catalyst and was rejected at its opening range high, so it is skipped. Entered PCVX and LQDA intraday."
}