2026-09-28 · midday

Net cash / NLV is red at -0.111, $16,878 past the -0.10 line, and the book is down $4,819 since this morning's open. Red means Rule 3: tier 1 sales. Gross leverage 1.751x red; long-leg band still over. GOOGL $342.32, nearest written level tranche 3 at $360, +5.17%. INTC -5.7%, no written rule. Today's forecasting pipeline run refused at pre-flight.

What to do

net cash / NLV -0.1114 (cash -$164,661.14 on NLV $1,477,832.98), $16,878 past the -0.10 red line.
SELL 200 AMZN, SELL 200 EQT, SELL 1 TSLA, SELL 1 DIS (limit near last, day)
Tier 1 in full at midday marks. Which tier-1 names is Gabriel's pick; the smallest tier-1 set that clears red is EQT 200 + TSLA 1 + DIS 1 + AMZN 27 ($17,118, lands -0.0998). AMZN 26 is not enough. · raises ~$59,709 (AMZN $49,238, EQT $10,008, TSLA $358, DIS $105); lands net cash / NLV at -0.071
Your playbook: “"Red means: execute Rule 3 until the metric is back to amber. Choose the sales myself, at my own pace, before the broker chooses them for me." Rule 3 tier 1: AMZN, BRK.B, EQT, DIS, TSLA, UPRO.”
EQT sells at a ~$779 loss; last EQT buy 2026-08-12, outside the 30-day window. 100 of the AMZN shares were bought 2026-09-25 at $248.76 and sit at a loss: pick the older lots or that loss washes on any AMZN buy within 30 days.

These fire every run until you act on them. No order attached.

Why each one reads the way it does

long_leg_band
Standing repair (BUY TO CLOSE 5 Dec-28 360P / SELL TO CLOSE 5 Dec-28 280P) is $18,279 debit at midday marks (36.558/spread). A cash debit while net cash is red, so the two rails conflict and it is not proposed.
gross_leverage
Gross $2,588,116 on NLV $1,477,833.

delta by name

Delta notional per name as of 2026-09-28: stock at delta one, each option leg at the Black-Scholes delta implied by its own mark. Top two: GOOG, MU.

Nearest trigger is GOOGL - tranche 3 confirmation (nearest written level) at $360, 5% away.
INTC -5.7%, now $115.97. No written rule for it.

All 27 triggers swept, with today's number

price trigger	now	fires at	distance
GOOGL - tranche 3 confirmation (nearest written level)	$342.32	≥ $360	5.2% up
GOOGL - tranche 2 weakness	$342.32	≤ $317	7.4% down
GOOGL - thesis break, close regardless of price	$342.32	≤ $280	18.2% down
MU - collar roll level	$1,053.75	≥ $1,250	18.6% up
GOOGL - washout, stop selling spreads and buy stock	$342.32	≤ $260	24.1% down
GOOGL - Rule 8, deploy the $100k crash reserve	$342.32	≤ $260	24.1% down
GOOGL - no chase past $380-390 short	$342.32	≥ $430	25.6% up
GOOGL - Rule 6, close every short put	$342.32	≥ $434	26.8% up
GOOGL - long spreads near max, would-I-buy-it-fresh test	$342.32	≥ $500	46.1% up
GOOGL - shares capped by the 600Cs	$342.32	≥ $600	75.3% up

level trigger	now	fires at	distance
Net cash / NLV, now red	-0.111	back above -0.10 (amber)	$16,878 of sales at midday NLV.
Every long call spread against the 90%-of-width sell rule	42.67% is the highest	90% of width	Dec-28 300/400 42.67% at midday marks; the rest below it, as at the open.
Dec-28 put IV, the alternate tranche-2 trigger	36.15%	43% (Rule 8 at 50%)	6.85 points. implied_vol used: option-midpoint-iv returned the open run's exact value, treated as frozen.
GOOGL Dec-28 340P extrinsic, the assignment watch	$55.38	$5	Put is $2.32 out of the money; the whole mark is extrinsic.
Program cap	$175,059	$200,000	$24,941 of room. (as at the open; positions unchanged)
Excess liquidity against the Part 4 amber	75.93% of NLV	40% amber, 25% red	$1,122,063 against a $650,000 floor.
NLV on the week against the 72-hour freeze row	-1.75%	a FALL of 8% in one week	Struck against 2026-09-21's open, $1,504,190.78.

calendar	date	away
MU fiscal Q4 print, after the close	2026-09-30	2d
Earliest clean sale date for the 6/05 GOOG loss lots if only bought calls count as replacement property	2026-10-01	3d
Earliest clean sale date if a WRITTEN call is also replacement property	2026-10-15	17d
GOOG print, first scheduled thesis adjudicator	2026-10-28	30d
Deploy the $100k reserve at market if no crash has come	2026-10-29	31d
GOOG capex guide, second scheduled adjudicator	2027-02-03	128d
GOOG lots vest long-term, add collar put leg 9 (+66 sh)	2027-03-13	166d
GOOG lots vest long-term, add collar put legs 10-11 (+200 sh)	2027-04-02	186d
GOOG lots vest long-term, legs 12-14 (+350 sh)	2027-06-05	250d
GOOG lots vest long-term, leg 15 (+50 sh)	2027-06-25	270d

Spot prices

broken Today's forecasting pipeline run refused at pre-flight; the gate never ran.
ops/status.py --check exits 12: "latest daily record status is 'refused': pre-flight: 187 path(s) under data/ or dist/ already differed from HEAD" and "latest daily record has no gate_examined count: the gate did not run, or ran without reporting. This is the 171f531 shape." Record 2026-09-28T12:45:06, steps_ran 0, gate_examined: none. No COMMIT_REFUSED file.
known rails.py still prices the GOOGL programme off GOOG.
GOOG $339.00 vs GOOGL $342.32 at midday. No verdict flips. rails.json not edited.

Rails that could not be evaluated

No written rule covers PANW or CRWD; both were bought while net cash was red.
INTC (300 sh) fell 5.7% today and has no written rule.
The long-leg repair order is a cash debit while net cash is red - the two rails conflict and no doc says which wins.
stressed_excess_liquidity has never been measured; the amber stress re-run is due by 2026-09-29.
MU has no written level below spot, two days before its print.
The 8x Dec-28 300P has no written repair order.

Where the numbers came from

Run label from the rails log: 2026-09-28 markets-open entry present, so this is the MIDDAY run; GPU and forecast passes skipped.
Book pulled ~19:47Z. 36 rows, no working orders, positions unchanged since the open. Cash -$164,661.14.
GOOG, GOOGL, MU snapshots REALTIME; other stocks priced at the broker's position mark. prior-close empty; prior close = Fri 09-25 RTH close.
IV: Dec-28 340P implied_vol 0.36147; option-midpoint-iv 0.35959 identical to the open run, not used. Option bid/ask 54.85/55.90.
Runbook Parts 2-4 swept from this run's marks: every row clear.
IPS Rule 1 red row and Rule 3 queue read from investing/investment-policy-statement.md.