Ivolution Research Journal · Working paper

Opening expected-move close state, direction, and fixed-risk expression

A calibrated opening model can improve the SPX official-close distribution over inside/outside-up/outside-down versus strictly prior option-implied, volatility, price, liquidity, calendar, and event baselines; prior outside streaks may mean-revert, persist, or add no information, and gamma/news contributions must survive nested ablation before attribution.

VRP-18 · v1·Proposed·Plausible — unproven·Vol risk premium

Cite as: VRP-18: Opening expected-move close state, direction, and fixed-risk expression. Ivolution Research Journal.

Publication status

The study is published as a working paper while a required data source remains unavailable. No result exists yet.

The abstract and product-safe scope metadata are public. Methodology, falsification, limitations, citations, and governed results for VRP-18 are available to Terminal + AI members.

Symbols

SPX

Regimes

Aggregate · Positive gamma · pin · Positive gamma · drift · Negative gamma · trend · Negative gamma · chop · Event day

Horizons

close

VRP-18: Opening expected-move close state, direction, and fixed-risk expression — Ivolution Research Journal