SANITIZED ALPACA PAPER EVIDENCE · SEP 3 SNAPSHOT

Proof,
before capital.

One SPY options agent. The model proposes a direction; deterministic risk authorizes the exact order; Alpaca broker state decides what is true.

Paper onlyOfficial Alpaca MCPBroker reconciled

Price-bound match1 exact

Submit → resubmit1 → 0

Closed realized P&L+$55.67

Sep 3 paper equity$100,132.45

01 / GOLDEN TRACE

One order. Seven verifiable steps.

The only price-bound live match, reduced to the decisions a judge needs to verify.

SNAPSHOTFresh SPY state

→

LLM STANCEBULLISH · model_called=true

→

PAYLOAD2 legs · qty 1

→

CERTSHA-256 712c6feb…

→

MCPOfficial server · submit 1

→

GETSame ID · fill -2.26

→

MATCHEDLimit = fill · no retry

ALPACA PAPER RECEIPT✓ EXACT MATCH

SPY 740P / 724P
bull put

LIMIT / FILL−2.26 / −2.26

QUANTITY1× MLEG

TRANSPORTAlpaca MCP 2.3.0

client_order_id · oc-63db2a85298b4ecabefab59076a6397e

Historical receipt. Current selector policy: 3–10 DTE, exact $5 width, 0.20–0.30 short-leg delta.

02 / BROKER RESULTS

Account truth, at explicit timestamps.

Broker observations stay separate from modeled research and from values captured at different times.

$100,281.45 cash + $283 long − $432 short = $100,132.45 equity

Sep 3, 19:43 PDT. The separate P&L bridge differs by $0.22; the residual is disclosed, not force-fit.

Open broker snapshot ↗

Paper account equity curve generated from Alpaca portfolio history — **Paper equity observations**ALPACA PORTFOLIO HISTORY

Observed Opticycle account return compared with SPY over exact shared dates — **Observed return vs SPY**EXACT SHARED DATES

Executed positions

Spread	Broker entry	Exit / state	P&L at record
SPY 793C/809C bear call	2.11 credit	1.53 debit · MCP	+$58
SPY 768C/769C bear call	0.51 credit	0.53 debit · MCP	−$2
SPY 740P/724P bull put	2.26 credit	Open at snapshot	+$77 unrealized
Closed total	Alpaca flatten equity $100,055.67		+$55.67

03 / OPERATIONS

Missing days stay missing.

Recorded runs from August 28 through the September 4 deadline. Nothing is backfilled.

AUG 28TEST ONLYInjected missing-quote NO_TRADE; explicitly not live evidence.

AUG 29NOT RUNNo recorded autonomous paper episode.

AUG 30NOT RUNNo recorded autonomous paper episode.

AUG 31RANTwo paper fills plus a genuine stale-quote NO_TRADE.

SEP 01RANTwo MCP closes; one signed-credit, price-bound MATCHED fill.

SEP 02NOT RUNNo recorded autonomous paper episode.

SEP 03RANBroker truth refreshed; closed-session safety paths made zero submits.

SEP 04NO EPISODENo Sep 4 episode is claimed in this release.

STALE QUOTE

Stop before the modelNO_TRADE

MUTATED PAYLOAD

Invalidate authorizationVETO

UNKNOWN RESPONSE

GET the same client IDMATCHED · 0 RESUBMITS

04 / BOUNDARIES

What this evidence does not claim.

Concise disclosures keep the live result legible without hiding its limits.

Earlier fills are not exact matches

The first two historical credits used the wrong limit sign. They remain FILLED. Only the third entry is price-bound MATCHED.

Observations are time-bound

$100,132.45 is the Sep 3 account snapshot. $100,086.45 is a historical daily endpoint, not current equity.

Research is not broker P&L

The walk-forward result is modeled from prior-only IEX bars and disclosed assumptions.

Modeled research+5.96% modeled · not broker P&L

ALPACA IEX DAILY / BLACK-SCHOLES

232 sequential trades · -3.89% max drawdown

Rolling-origin research using prior observations only, the live exit rules, and a disclosed 1.20× IV/RV assumption. Range 2024-01-02 to 2026-09-01.

Method and limitations ↗

Modeled SPY vertical walk-forward compared with SPY close benchmark

Verify the claim, not the presentation.
The raw broker artifacts and release hashes remain directly accessible.

Watch demo Broker receipts Release hashes

Full sanitized ledger and claim map

Claim → record → historical build

Build IDs are pre-release provenance retained after the release squash; they are not checkout targets in this one-commit repository.

Claim	Record ID	Historical build	Status
`opticycle:v1:NO_TRADE:el-6b67a01c2bdd448388e813633f90e890:18ade8ccb48c087c817bbd6b9ca2c6fbaa9d169b`	`el-6b67a01c2bdd448388e813633f90e890`	`18ade8ccb48c087c817bbd6b9ca2c6fbaa9d169b`	injected-quote NO_TRADE — not fill evidence
`opticycle:v1:NO_TRADE:el-618c39ea9b7f471a83573e72bd17d6b6:883ddf43b3ba318224bb70060e7870f6b3c03dc2`	`el-618c39ea9b7f471a83573e72bd17d6b6`	`883ddf43b3ba318224bb70060e7870f6b3c03dc2`	genuine live NO_TRADE — stale quote; not fill evidence
`opticycle:v1:NO_TRADE:el-0eb37a6dfaa7461ab46c8420ebd3c196:94836e16477354f534b926fdb9448c64b444acd2`	`el-0eb37a6dfaa7461ab46c8420ebd3c196`	`94836e16477354f534b926fdb9448c64b444acd2`	non-live / keyless replay
`opticycle:v1:VETO:el-59723cf242054c87af622af09716a49f:94836e16477354f534b926fdb9448c64b444acd2`	`el-59723cf242054c87af622af09716a49f`	`94836e16477354f534b926fdb9448c64b444acd2`	non-live / keyless replay
`opticycle:v1:ERROR:el-2d9cbdf7e16346a395704a5497a2ffd0:94836e16477354f534b926fdb9448c64b444acd2`	`el-2d9cbdf7e16346a395704a5497a2ffd0`	`94836e16477354f534b926fdb9448c64b444acd2`	non-live / keyless replay
`opticycle:v1:MATCHED:el-f5a4b3b90ce2455991dc3b26b0a0e395:94836e16477354f534b926fdb9448c64b444acd2`	`el-f5a4b3b90ce2455991dc3b26b0a0e395`	`94836e16477354f534b926fdb9448c64b444acd2`	replay MATCHED
`opticycle:v1:FILLED:el-ac177b1c1b344c7587fac4851939f3c2:c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66`	`el-ac177b1c1b344c7587fac4851939f3c2`	`c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66`	live_paper broker fill — not price-bound MATCHED
`opticycle:v1:FILLED:el-c40cea16e4f2477d89f451de8e1901b4:c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66`	`el-c40cea16e4f2477d89f451de8e1901b4`	`c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66`	live_paper broker fill — not price-bound MATCHED
`opticycle:v1:MATCHED:el-77530598c0e7b7aca7f8cfa5bed34430:6a9ad3a6774dbdfafae5d716365012854601580d`	`el-77530598c0e7b7aca7f8cfa5bed34430`	`6a9ad3a6774dbdfafae5d716365012854601580d`	live_paper price-bound MATCHED

NO_TRADE · live_paper

live-path + injected missing quote; NOT an Alpaca true quote-miss; NOT fill evidence; NOT a live MATCHED / MLEG / fill claim

record id: el-6b67a01c2bdd448388e813633f90e890
claim: opticycle:v1:NO_TRADE:el-6b67a01c2bdd448388e813633f90e890:18ade8ccb48c087c817bbd6b9ca2c6fbaa9d169b
historical build ID: 18ade8ccb48c087c817bbd6b9ca2c6fbaa9d169b
authorized payload hash: not present

thesis

not present

NO_TRADE / veto: NO_TRADE — SPY quote missing

real candidate (if present)

present

[]

Risk Certificate

not present — absent on this injected-quote NO_TRADE episode (not fill evidence)

not present

MCP call (if present)

not present — absent on this injected-quote NO_TRADE episode (not fill evidence)

not present

broker receipt (if present)

not present — absent on this injected-quote NO_TRADE episode (not fill evidence)

not present

reconciliation (if present)

not present — absent on this injected-quote NO_TRADE episode (not fill evidence)

not present

P&L / equity (if present)

realized not present — absent on this injected-quote NO_TRADE episode (not fill evidence); unrealized not present — absent on this injected-quote NO_TRADE episode (not fill evidence); equity not present — absent on this injected-quote NO_TRADE episode (not fill evidence)

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome NO_TRADE

not present

NO_TRADE · live_paper

live Alpaca observation; SPY quote stale after the regular session; genuine NO_TRADE; ThesisAgent not called (freshness fail-closed); not fill evidence

record id: el-618c39ea9b7f471a83573e72bd17d6b6
claim: opticycle:v1:NO_TRADE:el-618c39ea9b7f471a83573e72bd17d6b6:883ddf43b3ba318224bb70060e7870f6b3c03dc2
historical build ID: 883ddf43b3ba318224bb70060e7870f6b3c03dc2
authorized payload hash: not present

thesis

not present

NO_TRADE / veto: NO_TRADE — SPY quote is stale

real candidate (if present)

present

[]

Risk Certificate

not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence)

not present

MCP call (if present)

not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence)

not present

broker receipt (if present)

not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence)

not present

reconciliation (if present)

not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence)

not present

P&L / equity (if present)

realized not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence); unrealized not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence); equity not present — absent on this genuine stale-quote NO_TRADE episode (not fill evidence)

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome NO_TRADE

not present

NO_TRADE · replay

record id: el-0eb37a6dfaa7461ab46c8420ebd3c196
claim: opticycle:v1:NO_TRADE:el-0eb37a6dfaa7461ab46c8420ebd3c196:94836e16477354f534b926fdb9448c64b444acd2
historical build ID: 94836e16477354f534b926fdb9448c64b444acd2
authorized payload hash: 3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5

thesis

{
  "accepted": true,
  "confidence": "0.70",
  "reason_code": "TREND_ALIGNED",
  "stance": "BULLISH"
}

NO_TRADE / veto: NO_TRADE — keyless replay dry-run preview; not a live order

real candidate (if present)

present

{
  "legs": [
    {
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY260918P00550000"
    },
    {
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY260918P00540000"
    }
  ],
  "limit_price": "-1.20",
  "order_class": "mleg",
  "payload_hash": "3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5",
  "qty": 1,
  "spread": "bull_put",
  "strategy": "vertical_spread",
  "underlying": "SPY"
}

Risk Certificate

present

{
  "approval": true,
  "binding_hash": "e2de2bdff2d5f18bfc20a41bae5daed261ddd6d6d90c10e67eccf41f3c6acc44",
  "payload_hash": "3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5",
  "reasons": [],
  "veto": false
}

MCP call (if present)

present

{
  "dry_run": true,
  "order_class": "mleg",
  "submitted": false,
  "tool": "place_option_order"
}

broker receipt (if present)

not present

reconciliation (if present)

not present

P&L / equity (if present)

realized not present; unrealized not present; equity not present

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome NO_TRADE

not present

VETO · replay

record id: el-59723cf242054c87af622af09716a49f
claim: opticycle:v1:VETO:el-59723cf242054c87af622af09716a49f:94836e16477354f534b926fdb9448c64b444acd2
historical build ID: 94836e16477354f534b926fdb9448c64b444acd2
authorized payload hash: 3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5

thesis

{
  "accepted": false,
  "reason_code": "LOW_CONFIDENCE",
  "stance": "BEARISH"
}

NO_TRADE / veto: VETO — risk certificate veto (replay)

real candidate (if present)

present

{
  "payload_hash": "3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5",
  "rejected": true
}

Risk Certificate

present

{
  "approval": false,
  "payload_hash": "3b9012edad0a42937ef791dfc659a5877e35ab7175f9325fc0e2d0365267e4e5",
  "reasons": [
    "stale quote"
  ],
  "veto": true
}

MCP call (if present)

not present

broker receipt (if present)

not present

reconciliation (if present)

not present

P&L / equity (if present)

realized not present; unrealized not present; equity not present

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

yes — VETO

{
  "reason": "risk certificate veto (replay)",
  "snapshot": null
}

ERROR · fault_injection

record id: el-2d9cbdf7e16346a395704a5497a2ffd0
claim: opticycle:v1:ERROR:el-2d9cbdf7e16346a395704a5497a2ffd0:94836e16477354f534b926fdb9448c64b444acd2
historical build ID: 94836e16477354f534b926fdb9448c64b444acd2
authorized payload hash: not present

thesis

not present

NO_TRADE / veto: ERROR — injected observation failure

real candidate (if present)

not present

Risk Certificate

not present

MCP call (if present)

not present

broker receipt (if present)

not present

reconciliation (if present)

not present

P&L / equity (if present)

realized not present; unrealized not present; equity not present

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

yes — ERROR

{
  "reason": "injected observation failure",
  "snapshot": {
    "has_evidence": false,
    "outcome": "HALT",
    "reason": "fault injection"
  }
}

MATCHED · replay

record id: el-f5a4b3b90ce2455991dc3b26b0a0e395
claim: opticycle:v1:MATCHED:el-f5a4b3b90ce2455991dc3b26b0a0e395:94836e16477354f534b926fdb9448c64b444acd2
historical build ID: 94836e16477354f534b926fdb9448c64b444acd2
authorized payload hash: 92dab86e9f2cf4fdae37a7ac83184f68a83633ea28ee59cbe24b339c652bd312

thesis

not present

NO_TRADE / veto: MATCHED — replay channel MATCHED: MCP MLEG → broker readback → fill + P&L

real candidate (if present)

present

{
  "client_order_id": "oc-replay-a5-mleg-001",
  "legs": [
    {
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY260918P00540000"
    },
    {
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY260918P00550000"
    }
  ],
  "limit_price": "-1.20",
  "order_class": "mleg",
  "payload_hash": "92dab86e9f2cf4fdae37a7ac83184f68a83633ea28ee59cbe24b339c652bd312",
  "qty": 1,
  "spread": "bull_put",
  "strategy": "vertical_spread",
  "underlying": "SPY"
}

Risk Certificate

present

{
  "approval": true,
  "payload_hash": "92dab86e9f2cf4fdae37a7ac83184f68a83633ea28ee59cbe24b339c652bd312",
  "veto": false
}

MCP call (if present)

present

{
  "arguments_hash": "d7b70a44f0944459ad0f267bf6c4eeb9754033943a3177048dc25588e8e4f9d0",
  "channel_label": "replay",
  "dry_run": false,
  "order_class": "mleg",
  "server_spec": "alpaca-mcp-server==2.3.0",
  "submitted": true,
  "tool": "place_option_order"
}

broker receipt (if present)

present

{
  "broker_order_id": "replay-ord-a5-001",
  "client_order_id": "oc-replay-a5-mleg-001",
  "raw_status": "filled",
  "readback": true,
  "submitted": true
}

reconciliation (if present)

present

{
  "broker_status": "filled",
  "client_order_id": "oc-replay-a5-mleg-001",
  "complete": true,
  "cycle_id": "cycle-replay-a5-mleg-001",
  "filled_avg_price": "-1.20",
  "filled_qty": 1,
  "halt_triggered": false,
  "payload_hash": "92dab86e9f2cf4fdae37a7ac83184f68a83633ea28ee59cbe24b339c652bd312",
  "status": "matched"
}

P&L / equity (if present)

realized present; unrealized present; equity present

{
  "end_of_cycle_equity": "100120.00",
  "realized_pnl": "120.00",
  "unrealized_pnl": "40.00"
}

failure episode

no — outcome MATCHED

not present

FILLED · live_paper

live_paper broker fill; submitted credit limit had debit sign; not price-bound MATCHED; account id omitted

record id: el-ac177b1c1b344c7587fac4851939f3c2
claim: opticycle:v1:FILLED:el-ac177b1c1b344c7587fac4851939f3c2:c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66
historical build ID: c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66
authorized payload hash: d27e51ff86eb18d327eafc6e8ea7245e3a0e04c15097fef60bbf02831ea5c3f3

thesis

{
  "accepted": true,
  "bound_credit_type": "bear_call",
  "detail": "weekend paper MLEG recon; BEARISH bear-call credit",
  "model_called": false,
  "stance": "BEARISH"
}

NO_TRADE / veto: FILLED — weekend paper MLEG broker fill; submitted limit +2.54 (debit sign); fill -2.11 is not a 2.54-credit price-bound MATCHED

real candidate (if present)

present

{
  "client_order_id": "oc-204a8dfccffd40c9",
  "legs": [
    {
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY261009C00793000"
    },
    {
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY261009C00809000"
    }
  ],
  "limit_price": "2.54",
  "order_class": "mleg",
  "payload_hash": "d27e51ff86eb18d327eafc6e8ea7245e3a0e04c15097fef60bbf02831ea5c3f3",
  "qty": 1,
  "spread": "bear_call",
  "strategy": "vertical_spread",
  "underlying": "SPY"
}

Risk Certificate

present

{
  "approval": true,
  "note": "historical certificate used unsigned +2.54 credit; production now requires Alpaca-negative credit limits",
  "payload_hash": "d27e51ff86eb18d327eafc6e8ea7245e3a0e04c15097fef60bbf02831ea5c3f3",
  "veto": false
}

MCP call (if present)

present

{
  "arguments_hash": "3fe64e1520159be2eab77119b8f61a0120d0e65ff5f64c23e0c2d71e93af2ce6",
  "channel_label": "live_paper",
  "dry_run": false,
  "order_class": "mleg",
  "server_spec": "alpaca-mcp-server==2.3.0",
  "submitted": true,
  "tool": "place_option_order"
}

broker receipt (if present)

present

{
  "broker_lookup_at": "2026-08-31T21:02:23Z",
  "broker_lookup_source": "alpaca.trading.get_order_by_client_id",
  "broker_order_id": "abcb5385-0aa3-42cc-9b58-ef4200235c27",
  "broker_readback_hash": "07dce1b7c2aba201e2c5d81fc3af0444a88010663cff22618fc5086ada93e605",
  "client_order_id": "oc-204a8dfccffd40c9",
  "credit_fill": "2.11",
  "filled_at": "2026-08-31T13:30:03Z",
  "filled_avg_price": "-2.11",
  "filled_qty": 1,
  "legs": [
    {
      "filled_avg_price": "2.95",
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY261009C00793000"
    },
    {
      "filled_avg_price": "0.84",
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY261009C00809000"
    }
  ],
  "limit": "2.54",
  "raw_status": "filled",
  "readback": true,
  "submitted": true,
  "submitted_limit_sign": "debit_positive"
}

reconciliation (if present)

present

{
  "broker_order_id_present": true,
  "broker_status": "filled",
  "certificate_max_loss_at_unsigned_limit": "1346.00",
  "client_order_id": "oc-204a8dfccffd40c9",
  "complete": false,
  "credit_better_bound": false,
  "fill_credit": "2.11",
  "fill_max_loss": "1389.00",
  "filled_avg_price": "-2.11",
  "filled_qty": 1,
  "halt_triggered": true,
  "intended_credit": "2.54",
  "intended_credit_limit": "-2.54",
  "limit_sign_error": true,
  "payload_hash": "d27e51ff86eb18d327eafc6e8ea7245e3a0e04c15097fef60bbf02831ea5c3f3",
  "price_bound_matched": false,
  "provenance": "recorded broker fill facts; production signed-limit evaluator; Alpaca GET-by-client_order_id ingest; not price-bound MATCHED",
  "reconciled_at": "2026-08-31T13:55:00Z",
  "status": "mismatch",
  "submitted_limit": "2.54",
  "within_intended_credit_limit": false,
  "within_submitted_signed_limit": true
}

P&L / equity (if present)

realized not present; unrealized not present; equity present

{
  "end_of_cycle_equity": "100007.95",
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome FILLED

not present

FILLED · live_paper

live_paper broker fill; submitted credit limit had debit sign; not price-bound MATCHED; account id omitted; stance_source=bars_heuristic_no_llm_key (no LLM key)

record id: el-c40cea16e4f2477d89f451de8e1901b4
claim: opticycle:v1:FILLED:el-c40cea16e4f2477d89f451de8e1901b4:c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66
historical build ID: c163d63a8a34f679d5a7ad4bc47535cd6ee7cc66
authorized payload hash: 6e08d55b04b3ae463747259c69cb930962c5debcd22a73a0b43de6d5dacc4e53

thesis

{
  "accepted": true,
  "bound_credit_type": "bear_call",
  "detail": "no LLM key on the box; not a live ThesisAgent LLM pick",
  "model_called": false,
  "reason_code": "LLM_DISABLED",
  "stance": "BEARISH",
  "stance_source": "bars_heuristic_no_llm_key"
}

NO_TRADE / veto: FILLED — Monday live MCP MLEG broker fill; heuristic stance (no LLM key); submitted limit +0.70 (debit sign); fill -0.51 is not a 0.70-credit price-bound MATCHED (fill max_loss $49 vs certificate $30)

real candidate (if present)

present

{
  "client_order_id": "oc-715ad36a630d408e",
  "legs": [
    {
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY260925C00768000"
    },
    {
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY260925C00769000"
    }
  ],
  "limit_price": "0.70",
  "order_class": "mleg",
  "payload_hash": "6e08d55b04b3ae463747259c69cb930962c5debcd22a73a0b43de6d5dacc4e53",
  "qty": 1,
  "spread": "bear_call",
  "strategy": "vertical_spread",
  "underlying": "SPY"
}

Risk Certificate

present

{
  "approval": true,
  "max_loss": "30",
  "note": "historical certificate max_loss $30 assumed 0.70 credit; 0.51 fill credit implies max_loss $49; unsigned +0.70 limit",
  "payload_hash": "6e08d55b04b3ae463747259c69cb930962c5debcd22a73a0b43de6d5dacc4e53",
  "veto": false
}

MCP call (if present)

present

{
  "arguments_hash": "b78edc8c307d7bc4fc90fcd1003c432733b9124e9b91387444e13efdc44bdc2f",
  "channel_label": "live_paper",
  "dry_run": false,
  "mcp_submit_count": 1,
  "order_class": "mleg",
  "second_submit": false,
  "server_spec": "alpaca-mcp-server==2.3.0",
  "stdio_hung_after_broker_had_order": true,
  "submitted": true,
  "tool": "place_option_order"
}

broker receipt (if present)

present

{
  "broker_lookup_at": "2026-08-31T21:02:23Z",
  "broker_lookup_source": "alpaca.trading.get_order_by_client_id",
  "broker_order_id": "2a6d6b7c-caad-4c24-959a-8d93455a36fe",
  "broker_readback_hash": "fc1a13a07e3cc234a990d7098b1fe887d4ac16ee4bfad3ec5fcecccdd332e472",
  "client_order_id": "oc-715ad36a630d408e",
  "credit_fill": "0.51",
  "filled_at": "2026-08-31T14:05:49Z",
  "filled_avg_price": "-0.51",
  "filled_qty": 1,
  "legs": [
    {
      "filled_avg_price": "8.68",
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY260925C00768000"
    },
    {
      "filled_avg_price": "8.17",
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY260925C00769000"
    }
  ],
  "limit": "0.70",
  "raw_status": "filled",
  "readback": true,
  "submitted": true,
  "submitted_limit_sign": "debit_positive"
}

reconciliation (if present)

present

{
  "broker_order_id_present": true,
  "broker_status": "filled",
  "certificate_max_loss_at_unsigned_limit": "30.00",
  "client_order_id": "oc-715ad36a630d408e",
  "complete": false,
  "credit_better_bound": false,
  "fill_credit": "0.51",
  "fill_max_loss": "49.00",
  "filled_avg_price": "-0.51",
  "filled_qty": 1,
  "halt_triggered": true,
  "intended_credit": "0.70",
  "intended_credit_limit": "-0.70",
  "limit_sign_error": true,
  "payload_hash": "6e08d55b04b3ae463747259c69cb930962c5debcd22a73a0b43de6d5dacc4e53",
  "price_bound_matched": false,
  "provenance": "recorded broker fill facts; production signed-limit evaluator; Alpaca GET-by-client_order_id ingest; not price-bound MATCHED",
  "status": "mismatch",
  "submitted_limit": "0.70",
  "within_intended_credit_limit": false,
  "within_submitted_signed_limit": true
}

P&L / equity (if present)

realized not present; unrealized not present; equity not present

{
  "end_of_cycle_equity": null,
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome FILLED

not present

MATCHED · live_paper

live_paper price-bound MATCHED; Alpaca-negative credit limit; filled <= submitted; ThesisAgent model_called=true; account id omitted

record id: el-77530598c0e7b7aca7f8cfa5bed34430
claim: opticycle:v1:MATCHED:el-77530598c0e7b7aca7f8cfa5bed34430:6a9ad3a6774dbdfafae5d716365012854601580d
historical build ID: 6a9ad3a6774dbdfafae5d716365012854601580d
authorized payload hash: 712c6feb6a8b0d6b4879a59892a1217a079057bc390cf91d4c8a80e842df9332

thesis

{
  "accepted": true,
  "bound_credit_type": "bull_put",
  "detail": "in-session ThesisAgent LLM pick; credit type bound after stance",
  "model": "configurable",
  "model_called": true,
  "reason_code": "TREND_ALIGNED",
  "stance": "BULLISH"
}

NO_TRADE / veto: MATCHED — in-session ThesisAgent BULLISH bull-put; MCP place_option_order mleg; submitted limit -2.26; broker filled_avg_price -2.26; filled <= limit

real candidate (if present)

present

{
  "client_order_id": "oc-63db2a85298b4ecabefab59076a6397e",
  "legs": [
    {
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY261016P00724000"
    },
    {
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY261016P00740000"
    }
  ],
  "limit_price": "-2.26",
  "order_class": "mleg",
  "payload_hash": "712c6feb6a8b0d6b4879a59892a1217a079057bc390cf91d4c8a80e842df9332",
  "qty": 1,
  "spread": "bull_put",
  "strategy": "vertical_spread",
  "underlying": "SPY"
}

Risk Certificate

present

{
  "approval": true,
  "note": "production signed-credit certificate; Alpaca-negative MLEG limit",
  "payload_hash": "712c6feb6a8b0d6b4879a59892a1217a079057bc390cf91d4c8a80e842df9332",
  "veto": false
}

MCP call (if present)

present

{
  "arguments_hash": "d61ca9e18337265d34b7ff5c1695c9a095b7d39d4239842c7e5489136dd70003",
  "channel_label": "live_paper",
  "dry_run": false,
  "mcp_submit_count": 1,
  "order_class": "mleg",
  "raw_result_hash_gap": "MCP stdio client did not return the tool envelope after the broker accepted this working MLEG; Alpaca GET-by-client_order_id is the fill source. Same-session close MLEGs retained raw_result_hash.",
  "raw_result_hash_retained": false,
  "second_submit": false,
  "server_spec": "alpaca-mcp-server==2.3.0",
  "submitted": true,
  "tool": "place_option_order"
}

broker receipt (if present)

present

{
  "broker_lookup_source": "alpaca.trading.get_orders",
  "broker_order_id": "24b16fe6-0d8d-4478-afa6-0f3781eb6b33",
  "broker_readback_hash": "81d0af111da2df3f68a0ca02060e53d54c3012ecefad782d7812da16070473cb",
  "client_order_id": "oc-63db2a85298b4ecabefab59076a6397e",
  "credit_fill": "2.26",
  "filled_at": "2026-09-01T16:20:42Z",
  "filled_avg_price": "-2.26",
  "filled_qty": 1,
  "legs": [
    {
      "filled_avg_price": "6.80",
      "position_intent": "sell_to_open",
      "ratio_qty": "1",
      "side": "sell",
      "symbol": "SPY261016P00740000"
    },
    {
      "filled_avg_price": "4.54",
      "position_intent": "buy_to_open",
      "ratio_qty": "1",
      "side": "buy",
      "symbol": "SPY261016P00724000"
    }
  ],
  "limit": "-2.26",
  "raw_status": "filled",
  "readback": true,
  "submitted": true,
  "submitted_at": "2026-09-01T16:15:45Z",
  "submitted_limit_sign": "credit_negative"
}

reconciliation (if present)

present

{
  "broker_order_id_present": true,
  "broker_status": "filled",
  "certificate_max_loss": "1374.00",
  "client_order_id": "oc-63db2a85298b4ecabefab59076a6397e",
  "complete": true,
  "credit_better_bound": false,
  "fill_credit": "2.26",
  "fill_max_loss": "1374.00",
  "filled_avg_price": "-2.26",
  "filled_qty": 1,
  "halt_triggered": false,
  "intended_credit": "2.26",
  "intended_credit_limit": "-2.26",
  "limit_sign_error": false,
  "payload_hash": "712c6feb6a8b0d6b4879a59892a1217a079057bc390cf91d4c8a80e842df9332",
  "price_bound_matched": true,
  "provenance": "recorded broker fill facts; production signed-limit evaluator; Alpaca GET-by-client_order_id; filled <= submitted negative credit limit",
  "reconciled_at": "2026-09-01T16:20:42Z",
  "status": "matched",
  "submitted_limit": "-2.26",
  "within_intended_credit_limit": true,
  "within_submitted_signed_limit": true
}

P&L / equity (if present)

realized not present; unrealized not present; equity present

{
  "end_of_cycle_equity": "100049.62",
  "realized_pnl": null,
  "unrealized_pnl": null
}

failure episode

no — outcome MATCHED

not present

Proof,before capital.

One order. Seven verifiable steps.

Account truth, at explicit timestamps.

Executed positions

Missing days stay missing.

What this evidence does not claim.

232 sequential trades · -3.89% max drawdown

Claim → record → historical build

NO_TRADE · live_paper

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

NO_TRADE · live_paper

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

NO_TRADE · replay

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

VETO · replay

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

ERROR · fault_injection

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

MATCHED · replay

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

FILLED · live_paper

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

FILLED · live_paper

thesis

real candidate (if present)

Risk Certificate

MCP call (if present)

broker receipt (if present)

reconciliation (if present)

P&L / equity (if present)

failure episode

Proof,
before capital.