| Forecaster | The time-series model (Kronos / Chronos-2) that predicts a price path:
direction, confidence, expected move, and a p10–p90 cone. |
| Roundtable | The panel of AI judges (LLMs) that vote to approve or reject each trade.
Fail-closed; naked trades need unanimity. |
| Analyst | The single model that proposes the instrument + rationale, and (optionally)
can veto a Roundtable-approved open. |
| Confidence | The forecaster's directional conviction (0–100%). Gated by your confidence
threshold. |
| POP | Probability of profit — the chance a defined-risk / wheel structure finishes
profitable. Market-implied (from the chain) vs model (forecast-tilted). |
| EV | Expected value — the probability-weighted average outcome of a structure. |
| Delta (Δ) | An option's sensitivity to the underlying; also ≈ the chance it finishes
in-the-money. Higher delta = closer to the money = more premium + more assignment risk. |
| DTE | Days to expiration. |
| The wheel | Sell a cash-secured put → if assigned, own shares → sell covered calls →
collect premium at each step. |
| CSP / CC | Cash-secured put / covered call — the two legs of the wheel. |
| PMCC | Poor-man's covered call — a deep-ITM LEAP as a stock substitute, selling shorter
calls against it. |
| Credit / debit spread | A defined-risk two-leg option structure; a credit spread
collects premium up front, a debit spread pays it. |
| Naked | An undefined-risk short option (no long leg capping loss). Requires risk profile
≥ 4 and the "Allow naked" switch. |
| IV / RV | Implied volatility (priced by the chain) vs realized volatility (what actually
happens). |
| Volatility risk premium (VRP) | The gap between IV and RV — the structural edge premium
selling harvests. |
| Dry-run | Orders are previewed and recorded but never placed. The default for every
engine. |
| Paper trading | Simulated money on real market data; forces dry-run everywhere. |
| Close-only | A hard reduce-only lock — nothing opens, exits still run. |
| Tenant | An isolated account/workspace. Every user is their own tenant with separate
money, positions, and secrets. |
| OCO bracket | One-cancels-other — a take-profit and a stop order that cancel each other,
used to manage day-trade exits. |