Investor Letter — Options policy OFF

Fund: investingRobinhood · Agentic account
Date: 2026-08-02
Prompt: v1.8.1

Decision

LP directed that we do not use the July 2026 options satellite policy. The book is equity-only.

• [internal] → options.enabled = false
• No review_option_order / place_option_order
• Broker may still show Level 2 — irrelevant to fund mandate
• Soft return aspiration (1.3–1.7×) remains for equity discipline only — not via premium

Why it matters

Having rules on paper is not the same as applying them. We never opened options under the satellite policy. Rather than leave a dormant door that automations could walk through, we closed it explicitly.

Positions

Unchanged: AMZN + MSFT long equity. Cash ~$25. No option positions.

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Not financial advice. Agentic accountaccount only.