# Raj Daily Research Brief — 2026-09-29 (Analysis Layer)

## ⚠️ Data state (read first)
- Data floor (latest.md, dated 2026-09-29) retrieved **in full**, but its snapshot is **STALE**: generated 2026-09-27 08:39 ET (Robinhood read-only MCP). Account/position/quote numbers below are **Fri Sep 25 closes**; Mon Sep 28 and Tue Sep 29 sessions are NOT priced for those names. All prices are **USD**. Prices marked (Mon) are the fresh 9/28 session observed this run.
- **Grounding recovery:** CRWV identity locked to **CRWV.US** (CoreWeave, Inc., US NMS, CIK 0001769628, via search_symbol); 1D OHLC re-fetched and confirmed in-session (get_market_data, source yahoo, volume unit: shares, Sep 14 → Sep 28). The full observed series is printed in §2 — every CRWV figure in this brief is one of those bars or an explicit formula off them.
- CRWV position accounting (share count, cost basis, stop level, position value) is **not restated**: those values are not in this session's observed evidence and are not reproducible from it. The CRWV thesis-board entry was **not retrieved**; CRWV carries no board tag rather than a guessed one.
- No other symbols were priced this run (doctrine: file floor only). Derived figures show formula + observed inputs; everything else is floor-retrieved (Fri close, USD).

## 1. Account snapshot (STALE — Fri close; all USD)
- Total **$575,895** · equity $421,575 · options $126,453 · crypto $24,247 · cash $3,621 · pending deposits $5,000 · BP $828,789 (margin) / $207,197 unleveraged (floor).
- Exposure split (derived: component ÷ $575,895): equity 73.2% · options 22.0% · crypto 4.2% · cash 0.6%.
- Top-3 ≈ 69% of equity (derived): HOOD 28.3% ($119,460) · TSLA 26.9% (304.63 sh × $372.11) · TSLL 14.2% (6,000 × $9.94).

## 2. CRWV.US — observed OHLC (this session's only fresh series; USD; Yahoo)
Identity: **CRWV.US** — CoreWeave, Inc., US NMS, CIK 0001769628. Source: get_market_data (yahoo, volume unit: shares).

| Bar | Open | High | Low | Close |
|---|---|---|---|---|
| 09-14 | 82.65 | 85.93 | 82.08 | 82.98 |
| 09-15 | 82.62 | 83.86 | 80.52 | 80.92 |
| 09-16 | 83.75 | 85.26 | 81.16 | 83.35 |
| 09-17 | 81.45 | 82.43 | **78.27** | 79.88 |
| 09-18 | 79.83 | 81.74 | 79.16 | 81.36 |
| 09-21 | 81.56 | 87.25 | 80.92 | 85.43 |
| 09-22 | 85.71 | 89.23 | 84.60 | 86.76 |
| 09-23 | 88.99 | 90.36 | 86.55 | 86.90 |
| 09-24 | 88.90 | **91.123** | 85.94 | 90.13 |
| 09-25 | 90.36 | 90.91 | 86.80 | 87.59 |
| 09-28 | 86.21 | 88.22 | **83.53** | **85.07** |

- Window range (observed): **78.27 – 91.123 USD** (low 9/17 → high 9/24).
- Mon session change (derived): (85.07 − 87.59) ÷ 87.59 = **−2.9%**.
- 5-session change (derived): (85.07 − 85.43) ÷ 85.43 = **−0.4%** (9/21 close → 9/28 close).
- Position-level references (cost, stop, share count, value, % of equity) are **withheld**: floor-file values are outside this session's observed evidence; not restated, not recomputed. Board tag: **not retrieved**.

## 3. Movers (5-session window; SPY context −0.3%; all USD)
| Symbol | Last | 5d % | Thesis | Line |
|---|---|---|---|---|
| SFTBY | $19.75 (Fri) | -8.8% | not retrieved | no driver claimed |
| ORCL | $137.10 (Fri) | -7.7% | not retrieved | derived -7.0% vs avg cost $147.48 |
| VG | $12.62 (Fri) | -7.6% | not retrieved | 1,200 sh; 1 short call Jan 2027 |
| NEXT | $6.56 (Fri) | -6.6% | not retrieved | 781 sh; 5 short calls Jan 2027 |
| BE | $288.70 (Fri) | +5.8% | not retrieved | 1-share |
| UI | $560.67 (Fri) | -4.4% | not retrieved | derived -3.6% vs cost $581.83 |
| TTWO | $201.44 (Fri) | -4.0% | **Research** | -24.3% off $265.94; GTA VI Nov 19 |
| U | $41.55 (Fri) | -3.8% | not retrieved | — |
| AMZN | $249.67 (Fri) | -3.4% | **Active** | -13.1% off high; PT $313 |
| HOOD | $119.40 (Fri) | -3.2% | **Active** | -22% off high; 2 short contracts exp Oct 2 |
| GOOGL | $343.92 (Fri) | -3.1% | **DEAD** | Q2 FCF -$5.9B, $49.6B raise; residual ≈ $114 (derived: 0.33 sh) |
| PTY | $10.93 (Fri) | -2.8% | not retrieved | income sleeve |
| AVGO | $352.81 (Fri) | -2.7% | not retrieved | 1/1 Jun 2027 |
| CRWV.US | **$85.07 (Mon)** | **-0.4%** (derived) | not retrieved | Mon -2.9% (derived); observed range 78.27–91.123 USD (§2) |

## 4. Options book (floor; Fri close; structure-level; USD)
- **Long core: AMZN 15 long / 12 short, net cost $39,453** (Jan 2027 + Jan 2028) — dominant defined-risk structure. TTWO 2 long, $7,198 (Jan 2028, launch calls) · NVDA 5/5, $5,876 · TSLA 1/1, $142 · AVGO 1/1 · UUUU 3 long ($774, one leg Oct 16) · NU 2/1, $602 (Jan 2029).
- **Net-short-premium names (short > long):** HOOD 0/2 (−$467, **exp 2026-10-02 this Friday** + Jan 2027) · NBIS 1/1 (−$425, Dec 18 2026) · TSLL 0/2 (−$330) · NEXT 0/5 (−$200) · VG 0/1 (−$120). Equity lots exist for each, so plausibly covered — **strikes/collateral not in the floor; verify**.
- Derived net-cost sum of displayed book: long +$55,319 − short $1,542 ≈ **+$53,777**; book market value $126,453 (floor). Nearest expiries: **HOOD Oct 2** → UUUU Oct 16 → NBIS Dec 18 → Jan 2027 wave.

## 5. Realized P&L (month; window Sep 16 → Fri close only; USD)
Net **+$4,890.53** on 14 fills. Winners: TSLA buy-to-close **+$3,354** (9/24) · DFDV +$2,136 · INTU +$1,380 · AMZN +$300/+$335. Drag: INTU close **−$1,820** · TTWO 19 sh −$565. Pattern: **the P&L engine is closing option legs** (5 of the 6 largest rows), not share trading — mirrors the live defined-risk book. (Wash-sale screen and CRWV loss-row details: floor-only, partial window; not developed further this run.)

## 6. Thesis deltas (prices Fri close USD, except CRWV.US = Mon observed; board retrieved for 5 of 23)
| Ticker | Board | Last | Notes |
|---|---|---|---|
| AMZN | **ACTIVE** | $249.67 (Fri) | PT $313 (+25%); Q3 late Oct |
| HOOD | **ACTIVE** | $119.40 (Fri) | 4.7× $25.39 cost; 2 short contracts exp **Oct 2** |
| TTWO | **RESEARCH** | $201.44 (Fri) | GTA VI **Nov 19 — 51 days out (derived from today)** |
| NBIS | partial | $237.33 (Fri) | Aschenbrenner trim; Q1 13F cross-check **OPEN** |
| CRWV.US | not retrieved | **$85.07 (Mon)** | observed only (§2): 9/28 close 85.07, low 83.53; 9/25 close 87.59; range 78.27–91.123 USD |
| GOOGL | **DEAD** | $343.92 (Fri) | residual ≈ $114 |

## 7. Top 3 insights
1. **HOOD is the nearest options event on the biggest equity line.** 28.3% of equity + 2 short contracts expiring **this Friday** (only expiry inside 2 weeks); strikes are the gating unknown to establish before Thursday.
2. **Realized P&L comes from closing option legs, not shares** — net +$4,890.53 driven by TSLA +$3,354 and DFDV +$2,136 vs INTU −$1,820. The defined-risk close engine is what pays.
3. **CRWV.US is the only name with a mark newer than Friday, and Monday's observed tape was wide.** Session (9/28): O 86.21 / H 88.22 / L **83.53** / C **85.07** USD; close −2.9% vs the 9/25 close 87.59 (derived, formula in §2). The name's full observed range this window: **78.27–91.123 USD**. Position-level judgment (stop, cost, size) is intentionally **withheld** — those references are not in this session's evidence and are not restated or recomputed.

## 8. Proposals (research-only; agentic account 489337709, only after Raj's explicit OK)
1. **HOOD — decision prep, no new premium.** Verify strikes/covered status of the Oct 2 shorts first; then pre-decide: OTM at close → let expire; ITM → accept assignment on 1,000 sh or roll to the existing Jan 2027 short. Gating fact: strikes not in floor.
2. **TTWO — hold the 2 Jan-2028 calls; scale only on a fresh quote** ($201.44 Fri close is stale). Nov 19 launch = 51 days. Breaks: launch slip, tape breakdown. Counter: date is public — upside needs execution evidence, not surprise.
3. **AMZN — no new money; pre-commit a defined-risk add only on deeper pullback** (zone from fresh quotes). Book already 15/12 (+$39,453); thesis fully expressed. Breaks: Q3 cloud/ads miss.
4. **CRWV.US — resume position-level decisioning on a refreshed floor.** This run establishes only the observed tape (§2). Cost basis, stop, share count and the board verdict were not reproducibly sourced and are deliberately not restated; the next script-floor run (or an explicit position read) is the prerequisite before any judgment can be formed or executed.

## 9. Watch list (next 5 sessions: Tue Sep 29 → Mon Oct 5)
- **HOOD Oct 2 expiry (Fri)** — 2 short contracts; verify strikes before Thu; pin/gamma into the close (radar ref $119.40, Fri close).
- **CRWV.US** — observed tape only: 9/28 close 85.07, low 83.53 USD (Yahoo, §2). Floor-derived references withheld this run; refresh the floor for position accounting.
- **UUUU Oct 16 expiry** — 3 long contracts (Oct 2026 leg).
- **TTWO countdown** — Nov 19 launch; 51 days from today (derived).
- **NBIS** — Q1 13F cross-check on the Aschenbrenner trim (board item OPEN); last $237.33 (Fri).
- **AMZN** — Q3 earnings window late Oct; watch pre-earnings tape against PT $313.
- **Fresh floor** — next script run should price Mon/Tue sessions for all names; only CRWV.US has a Mon mark so far.

## 3-line summary
- All prices USD; 22 of 23 names still on Fri Sep 25 closes (Mon/Tue unobserved). **CRWV.US** recovered with fresh observed OHLC (full series in §2): Mon close **85.07** after an intraday low of **83.53** (−2.9% vs Fri 87.59, derived); observed window range **78.27–91.123 USD**.
- HOOD's 2 short contracts expire **this Friday** on the account's largest position (28.3% of equity); strikes are the gating unknown to verify before Thursday.
- MTD realized **+$4,890.53** remains option-leg-close P&L (TSLA +$3,354, DFDV +$2,136 vs INTU −$1,820); TTWO's Nov 19 GTA VI catalyst is 51 days out.