B-ADJ-PRETwo-leg directional

Active (gated)Math basis: Synthetic-NO basis (BUY NO + SELL YES) with directional drift overlayPath-dependent: NO

Legs2

Branches2

CategoryAdvanced

LifecycleActive (gated)

Strategy semantics

2-leg directional bet using synthetic-NO basis. Buy NO@K_upper (insurance against upside) + Sell YES@K_lower (synthetic NO, profits when spot stays above K_lower). Net: bullish-bias position with capped downside.

When it works · when it fails

Works when

Asymmetric corridor expectation (more downside risk than upside)
K_upper deep OTM (insurance cheap)
K_lower close to spot (premium harvest on synthetic NO)

Fails when

Spot drifts down below K_lower → synthetic NO becomes obligation
BID-side liquidity thin on YES@K_lower → entry/exit slippage high
Anti-arb: leg0_ask ≥ 1 (insurance maxed) OR leg1_bid ≤ 0 (synthetic premium zero)

How to enter

Read-only mechanics and sizing context. Public docs expose no wallet, order, or account-specific controls.

Step 1Leg 0: BUY NO@K_upper (entry = ASK)

Step 2Leg 1: SELL YES@K_lower (entry = BID, synthetic-NO basis)

Step 3Sizing: 1:1 (equal-weighted)

Step 4Mixed-side capacity: bounded by min(leg0 ask depth, leg1 bid depth)

Step 5Displayed read-only after the managed pipeline emits a public candidate

Sizing1:1

How to exit

Read-only scenario notes for path, timing, and barrier risk. Any off-dashboard workflow remains outside this public interface.

Spot approaches K_lower from above (within 5%): synthetic NO obligation risk becomes dominantRead-only

K_upper touched → leg0 NO=0; leg1 YES exposure remainsRead-only

Time decay: T ≤ 3d increases synthetic NO volatilityRead-only

Public dashboard is read-only and exposes no action controlRead-only

Recent corridors

Last 10 public candidates with this variant. Select a row for the full read-only detail.

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