📡 CONTROL TOWER v2 · MICROSTRUCTURE
ET SESSION RESOLVING · FUTURES PARKED
SPY PROXY · ES / MES
PARKED · NO EXECUTION INPUT
QQQ PROXY · NQ / MNQ
PARKED · NO EXECUTION INPUT
FUTURES ROUTING IS PARKED BY USER POLICY. ES/MES · NQ/MNQ · RTY/M2K remain isolated reference infrastructure only and are not queried by Control Tower v2, are not execution inputs, and cannot confirm/veto an options trade. SPY / QQQ / IWM data remains authoritative for this surface.
ENTRY INTELLIGENCE
OPTION + UNDERLYING GEOMETRY
◇ OPTION VALUE INTELLIGENCE · SHADOW LAB
RESEARCH ONLY · ZERO ORDER AUTHORITY
SHADOW CONCLUSION
WAITING FOR SHADOW SNAPSHOT
Diagnostics compare expressions; they do not authorize, size, route, or approve an order.
⊘
NO EXECUTION AUTHORITY
Candidate research is separate from production selection and human approval.
Production Reference Contract
—
REFERENCE ONLY
Shadow Research Candidate
—
NO CANDIDATE CLAIM
Model Reference Band
—
NOT GUARANTEED FAIR VALUE
Executable Ask / Exit Mark
— / —
CURRENT BBO INPUTS · NOT A FILL PROMISE
Round-Trip Execution Drag
—
ASK-TO-BID REFERENCE
Evidence Coverage
—
PEER SURFACE + TARGET / STOP SCENARIO
Research Investability
UNPROVEN
SHADOW CLASSIFICATION · NOT TRADE READINESS
Price / Uncertainty Status
—
UTILITY INTERVAL —
CANDIDATE vs PRODUCTION AUTHORITY
- Production reference
- —
- Shadow candidate
- —
- Order authority
- NONE · SHADOW CANNOT AUTHORIZE
- Current rejection
- NO DIAGNOSTIC SNAPSHOT
INVESTABILITY / KILL FRAME
Research-investable if
SURFACE + SCENARIO + EXECUTION EVIDENCE COMPLETE
Kills the expression
UNKNOWN UNTIL DIAGNOSTICS ARRIVE
Missing evidence
SHADOW SNAPSHOT
RESEARCH / SHADOW ONLY.
This diagnostic cannot alter the production winner, issue an approval token, place or cancel orders, or promote itself to live authority. Model bands are European Black-Scholes/local-peer approximations—not decision-grade fair value, fill prices, or profit forecasts. American early exercise, discrete dividends, and commissions/exchange/regulatory/broker fees are not modeled.