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Uncharted Options

holds the line, then reports it

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Light

Dark

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The mandate · live

Two hard ceilings

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no position

0.00%

Full headroom. The ceiling is unchanged whether or not anything is deployed against it.

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Aggregate deployed

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Max gain at settlement

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Maximum loss is fixed when the order is constructed and enforced by the broker and the OCC. The agent cannot exceed it — not by error, not by intent.

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max loss fixed at entry

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Max loss · immutable

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Enforced by broker · OCC

No position open · $0 at risk

Nothing has cleared every gate yet.

An empty book is a valid state, not a missing one. The agent is scanning; the ceilings to the left are intact and the stream below records every candidate it has declined so far.

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What was refused

The rejection stream

Every candidate the agent evaluated and declined, with the gate that stopped it. This is the discipline, itemised.

Gate ledger · today

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Time
Candidate
Verdict
Gate
Finding

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Closed · exit reasons

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No trade has exited yet. When one does it carries exactly one reason from this set, and nothing else:

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Reconciles as

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The curve is an outcome. The ceilings above are the mandate. Judge the second one.