Pre-launch · Live from June 30, 2026 · Publicly Observable This page describes a live trading experiment to be conducted on the operator’s own capital in long short-dated options, with realized results publicly logged in the Convexity Experiment Discord journal. Nothing on this page constitutes an offer to sell, or a solicitation of an offer to buy, any security or interest in any investment product. Trajectory figures shown are hypothetical and projected, not realized. Past performance is not indicative of future results. This experiment runs on convex instruments (options) carrying different risk characteristics than the linear instrument (futures) of the parent experiment; participants are presumed to understand options risk independently.
The Compounding Engine · $5K → $50K, As Fast As Possible · Live June 30, 2026

The challenge: take $5,000 → $50,000 as fast as possible — the full 10× (≈3.3 doublings) earned through geometric doubling on convex instruments, under a disclosed protocol anyone can watch.

$5K to $50K is log2(10) ≈ 3.32 doublings. The Compounding Engine’s job is to compress those ~3.3 doublings into the shortest operating window the architecture will safely permit. Where the parent Experiment instruments the Doubling Doctrine on a linear payoff — ES futures — the Compounding Engine instruments the same doctrine on a convex payoff: long short-dated options (0–7 DTE) on SPX and single-stock underlyings. The trigger ladder is geometric: position size doubles when a six-uncorrelated-trade profit buffer has been earned. The architecture installs the doctrine’s Earned Doubling Law in its strictest form — size advances only on won capital toward the $50K target, and reverts one step the moment that capital is returned.

Public method. Public trades. Public falsifiability. Anyone in the world can watch it.

Experiment state Pre-launch · Launch: 6/30/2026 · Sample: trades · Rolling EV: · Buffer progress: — / 6 · Falsifiability Gate: Armed
Why short-dated options · the instrument for $5K → $50K

The convex case.
Bounded downside. Accelerating upside.

A 10× run from $5K to $50K is ~3.3 doublings — and convexity is the instrument property that makes those doublings reachable. The Experiment runs on a linear instrument — ES futures, where payoff scales linearly with the underlying. The Compounding Engine runs on a convex instrument — long short-dated options, where payoff scales nonlinearly. On short-dated options near the money, gamma spikes: a small underlying move produces a large change in delta — meaning directional exposure accelerates as the underlying advances toward the strike. Risk is bounded at trade entry by the premium paid. Reward is bounded only by the underlying’s range across the option’s remaining lifetime. This is the instrument-level source of asymmetric payoff geometry; the protocol-level doubling architecture (§01.2) compounds it.

Gamma Explosion Resulting in Asymmetrical Risk-Reward Gamma Delta Intraday gamma spike (short- dated options) RISK Limited premium at entry REWARD Small move in underlying → delta jumps from −0.2 to 0.8 here Underlying Price / Moneyness
Instrument-level case for the Convexity Experiment. Short-dated gamma produces the asymmetric payoff geometry that the protocol-level doubling architecture compounds. Illustrative · not a projection of returns. Realized performance will differ. Past performance is not indicative of future results.

The structural reason this works

The risk side is set by the premium paid — known to the dollar at trade entry. The reward side is set by the delta acceleration if the underlying moves in the position’s favor. This asymmetry is the instrument property the protocol’s six-trade buffer requirement is designed to harvest.

The structural reason this fails (and how we know)

Gamma instruments are regime-brittle. The same property that produces nonlinear acceleration in cooperative conditions (trend, range expansion, event-driven moves) produces nonlinear decay in hostile conditions (chop, fade, premium decay outpacing delta capture). The architecture’s defense is reactive, not predictive: the daily one-loss rule, the $600 weekly cap, and auto-revert (§04 Layer 03) fire on actual realized losses; the Falsifiability Gate (§05) catches edge degradation across the rolling 100-trade window. None depend on classifying the regime in advance.

01 · The Method

The disclosed protocol.
Every parameter. Locked.

Same posture as the Experiment: not under operator discretion, not modified under stress, the same on a winning week as on a losing one. Four pillars, then the earned-doubling ladder, then the risk parameters.

01.1 · Convex Discipline — the base discipline

Never Lose Money, restated for the convex instrument.

The four principles are the same as the linear track’s; only the unit definitions change for options. See the full Never Lose Money framing →

Positive Expectancy

Structural edge on long short-dated options near the money — pricing inefficiency in defined timeframes plus the asymmetric payoff geometry above.

Expected Value

1R = premium paid. Each entry’s EV is the probability-weighted payoff minus the premium, recomputed live as fills close.

Position Sizing

Starts at one option contract (one unit of premium-at-risk); doubles on each earned buffer per §01.2.

Risk Management

Daily max one loss. Weekly $600 cap. Auto-revert on buffer give-back. Falsifiability Gate.

The $5K unit doubles as the initial buffer. Working capital per unit is $5,000 — the entire allocation is at risk. Adherence-protected, not cushion-protected: so long as the stand-down architecture fires on schedule, the $5,000 stays out of the risk-of-ruin zone. Same drawdown-recovery arithmetic as the linear track (−50% needs +100% back).

Why the weekly cap is tighter on this track. Linear track: $1,000 weekly cap = 20% of $5K. Convex track: $600 = 12%. Gamma instruments are regime-brittle — faster stand-downs are the correct architectural response.

Note on regime classification — what we deliberately don’t do. The architecture does not classify market regime in advance. We do not maintain a regime tag, a volatility bucket, or a trend filter that gates entry. The reason is doctrinal: reactive empirical protection (the daily/weekly/monthly stand-downs and the auto-revert) is guaranteed to fire when the regime is bad — because a bad regime produces losses, and losses fire the stand-downs. Predictive classification, by contrast, adds modification surface (someone must maintain the classifier), classification-as-judgment risk (the bright lines can be wrong), and opportunity cost (cooperative trades incorrectly tagged are missed). The reactive layer provides the protection; the predictive layer provides only the cost. So we run reactive only. The architecture handles whatever regime arrives.
01.2 · The Earned Doubling Ladder

Six uncorrelated trades earn the next double. Buffer lost = revert one step.

Base position size: 1 contract (1 unit of premium-at-risk)
Buffer requirement at any size N×: 6 uncorrelated trades' premium at N×

When cumulative profit ≥ buffer requirement at current size
  → Position size doubles to 2N×

When cumulative profit falls back to the level at which the most recent
  doubling fired (the buffer just earned is fully given back)
  → Position size reverts to the previous step (N× → N/2×)

Daily constraint: maximum one loss per day. Trade stops for the day on
  the first realized loss. Resumes next session.
  1. Initial buffer first. Working capital pre-funded at $5,000 per unit. The ladder starts on a hard floor protected by the daily/weekly/monthly stand-down architecture.
  2. Six-uncorrelated-trade buffer earns the next double. Net realized profit equal to six trades’ premium at the current size = the right to double. Uncorrelated is defined below in §01.2.1 — a bright-line definition, not a judgment call.
  3. Max one loss per day. On gamma instruments this rule is structurally critical, not stylistic. Intraday losses can stack inside a single session faster than any heuristic can correct. The daily cap is the only thing standing between the strategy and a single overshoot day taking out a buffer at any size.
  4. Buffer lost = revert one step. If, after doubling to N×, the curve drops back to the cumulative profit level at which the doubling fired, size reverts to N/2× immediately on the next entry. No exception. No discretion. On the convex track this is primary regime-response, not graceful step-down — see §04 Layer 03.
  5. No early activation. The ladder fires when the milestone is reached, or it does not fire. The operator’s confidence is not an input. Each fire and each revert is announced in the public Discord journal within 24 hours.
01.2.1 · The “uncorrelated” definition

Counted toward the six-trade buffer only if the trade satisfies all three:

  1. Distinct entry session. A 10:00 AM trade and a 10:15 AM trade are correlated (same session); a Monday entry and a Tuesday entry are uncorrelated.
  2. Distinct directional exposure. A long call expressing the same upside view as a prior open long call on the same underlying does not count as a new uncorrelated trade.
  3. Distinct underlying class. Index options (SPX) and single-stock options are different underlying classes. A trade on SPX and a trade on NVDA are uncorrelated even in the same session. Two trades on SPX in the same session collapse to one.

This definition is locked at protocol level. Any change requires witness countersignature and a 48-hour cool-off.

01.2.2 · The mechanism visual
Earned doubling: position size as a function of won buffer Size advances on earned buffer. Reverts one step when the buffer is given back. 1× base 2× reverted ↑Double ↑Double ↓Revert 30R 24R 18R 12R 6R 0 Trade sequence →
Illustrative ladder: each step is a doubling earned by six uncorrelated trades’ net premium; the curve reverts one step after the 4× buffer is given back. Not a projection.
1 — Initial buffer first

Pre-funded for margin and ruin. Earned doubling starts on a floor.

2 — 6-trade buffer earns 2×

Net profit ≥ 6 trades’ risk = the right to advance one step.

3 — Max one loss per day

Throttles daily drawdown velocity while wins compound the buffer.

4 — Buffer lost = revert

Give back the level’s buffer? Drop one step: 4× → 2× → 1×.

01.3 · The Risk Parameters
ParameterThresholdConsequence
Daily max losses1 realized lossStop trading for the day. Resume next session.
Weekly max premium-loss per unit$600 (12% of $5K)Stand down for the remainder of the week.
Consecutive losing weeks2 in a rowStand down for the remainder of the month.
Rolling 100-trade realized EV$0 / tradeFalsifiability Expression Gate fires — see Section 05.
Buffer-lost-at-N× eventP&L returns to doubling levelAuto-revert to N/2×. Announced in Discord within 24h.
Revert within 14 days of prior revert1 + 1 within 14 daysAuto-pause + witness review + countersigned restart required.
01.4 · The Cumulative Trajectory · the road to $50K

Per-regime-window, not per-quarter.

The $5K → $50K challenge is ~3.3 doublings; the table below is how many of those doublings each regime window is expected to deliver. Gamma instruments compound on regime presence, not on calendar time. A regime window is a continuous period during which entries are not in stand-down or revert-pause states — an outcome of the reactive architecture, not a precondition declared in advance. “As fast as possible” means: as many earned doublings as cooperative windows allow, with zero tolerance for unearned size.

ScenarioDoublings (log2)Notes
Sustained cooperative window every buffer earnedup to 4 doublings (16×)Ceiling clipped pending live record
Mixed window partial earnings + sit-outs1 – 3 doublings (2–8×)Friction from revert events folded in
Sustained hostile window stand-downs dominate0 – 0.5 doublings (~1–1.5×)Capital preserved at base size; edge held in reserve
Falsifiability case Expression Gate firesarchitecture haltsStrategy moves to research-only per §05

Critical compliance note. Until a multi-quarter live record exists, all trajectory figures are hypothetical and projected. The cooperative-window trajectory is clipped to ≤ 4 doublings (16×) regardless of what the math could otherwise support, pending live evidence.

Hypothetical performance has inherent limitations. It does not reflect actual trading and cannot completely account for the impact of real-market factors. The figures should not be relied upon as a prediction of actual results. Past performance is not indicative of future results. The Falsifiability Gate (§05) supersedes all trajectory logic.

What a cooperative regime-window on the road to $50K might look like

Aspirational equity arc · $5K → $80K · 4 doublings (16× cap)

The challenge is $5K → $50K, ~3.3 earned doublings, as fast as possible. This is one illustrative working-unit arc under the doubling doctrine on the convex instrument — the engine block that, run cooperatively, clears the 10× with room to spare: just ~3.3 of these doublings carries $5K past $50K. The engine compounds via earned doublings, position size growing geometrically 1 → 2 → 4 → 8 → 16 contracts as each six-uncorrelated-trade buffer is earned. Cooperative ceiling: 4 doublings (16×) on the working unit — clipped pending live record. Hard constraint: the trailing floor at HWM − 12% of the working unit, matching the weekly $600 cap. The X-axis is calendar months for visual comparability; the real driver is regime-window time — gamma instruments compound on regime presence, not on calendar.

Aspirational · pre-launch · under stated assumptions. The Convexity Experiment launches 6/30/2026. The cooperative scenario assumes every buffer fires and no revert event occurs (the realistic envelope is 2×–8× per the trajectory table above). No live convex trades on record yet — the live experiment from 6/30 onward is what will generate a statistically meaningful track on this exact framework. Nothing on this page constitutes a forecast or guarantee.
Engine balance · multiplier of working unit · geometric, sized up by earned buffer Trailing floor (peak − 12% of working unit · weekly $600 cap) Position doubling · buffer fired
16× ($80K) · 4 doublings 8× ($40K) · 3 doublings 4× ($20K) · 2 doublings 2× ($10K) · 1 doubling 1× start ($5K) 0 mo 2 4 6 8 10 12 pos: 1 contract ↑ 2 · Buffer 1 ↑ 4 · Buffer 2 ↑ 8 · Buffer 3 ↑ 16 (cap) · Buffer 4 ↗ floor: peak − 12% ↓ If a buffer is given back at any N×, size reverts one step (N× → N/2×) automatically — see §04 Layer 03 CEILING · CLIPPED 16× ($80K) max aspirational · pending live record DOUBLINGS 4 (cooperative cap) WORKING UNIT × MULTIPLIER · $5K BASE · LOG SCALE

Engine target

16× ($5K→$80K)
cooperative ceiling · clipped at 4 doublings

Doublings

4 (max)
buffer ladder · 1 → 2 → 4 → 8 → 16

Hard constraint

Peak − 12%
weekly $600 cap · tighter than linear

Position scaling

1 → 16 contracts
earned by 6 uncorrelated trades per buffer

Realistic envelope

2× — 8×
mixed-window band · 1–3 doublings

Per-trade risk

1R = premium
varies per trade · clean R unit

↑ All eight kill conditions are armed at every step

The ladder halts when any one fires — regardless of which step has been reached. These are the existing sit-out, falsifiability, fidelity, and revert conditions on the convex track; nothing new is invented for this visualization.

KC-01Rolling-100 EV ≤ $0/tradeEdge Gate · Expression Layer
KC-02Daily one-loss rule1 realized loss → stop for the day · convex-specific
KC-03Weekly $600 cap hit12% of working unit · stand down rest of week
KC-042 consecutive losing weeksMonthly stand-down
KC-05Buffer-lost-at-N× eventAuto-revert N× → N/2× · primary regime response
KC-062 reverts within 14 daysAuto-pause + witness review + countersigned restart
KC-07Attribution breach (C-01)Missing tag or hand-applied H1
KC-08Fidelity T2/T3 activeBinding Interpretation Rule · gate suspended

Geometric Scaling

Position size doubles at each earned buffer — not linear, geometric: 1 → 2 → 4 → 8 → 16. Four doublings is the cooperative ceiling. Each step takes six uncorrelated trades' premium at the current size to fund.

Revert is Regime-Response

On convex instruments, revert is not graceful step-down — it is regime-response. If the buffer at N× is given back, size reverts to N/2× immediately on the next entry. Two reverts inside 14 days triggers an auto-pause + witness review — a confirmed condition shift.

Tighter Caps by Design

Gamma instruments are regime-brittle. The convex track runs a $600 weekly cap (12%) versus the linear track's $1,000 (20%), and a daily one-loss rule on top — faster stand-downs are the correct architectural response.

Aspirational and illustrative. Headline targets (16× engine ceiling, 4 doublings, 12-month window) are design intent, not forecasts — the cooperative scenario where every buffer fires and no revert occurs. The realistic envelope per the trajectory table is 2×–8× (mixed window, 1–3 doublings). The trailing floor at HWM − 12% mirrors the structural intent of the existing convex sit-out cadence. No live convex trades on record yet; the Convexity Experiment launches 6/30/2026. Past performance is not indicative of future results.

02 · The Math, Live · From the Operator’s Options Account

The edge, calculated live.
Every fill. Every recalculation.

R definition: 1R = premium paid at entry on a single long-option position. No spread width to specify. No leg-management drift. No early-exit slippage. The R unit is what cleared the broker at the entry print. Until 80 qualified trades execute, the Expression Gate is armed but not yet binding; the trade-count threshold (80 provisional / 100 binding) is calibrated on trades, not calendar time — precisely so it cannot be gamed by extending the calendar.

Win Rate

of closed fills

Profit Factor

gross profit / gross loss

R-Expectancy

per unit of risk deployed

Avg risk / trade

premium paid per trade · 1R

Net P&L

cumulative · closed fills

Closed trades

— W / — L

Best fill

Worst fill

Cumulative P&L · model-portfolio track record

Every closed long-option fill, in sequence, from the published option-alerts journal. This is the model-portfolio record leading into the live experiment — educational, premium-at-risk only. Hover a point for the running total.

03 · The Edge Landscape · Where the convex track sits

Three rows for institutional context. The Ekantik row is the architecture’s pitch — same instrument family, different operator, different rules. No live convex trades on record yet; the row will populate from closed fills once the live experiment opens on 6/30/2026.

Strategy categoryEdge / occurrenceFrequency / moAnnual R (unsized)½ Kelly Allocation
Institutional Vol Trading Desks (Jane Street / SIG)+0.05–0.15%very highreferenceinstitutional-only
Retail 0DTE / Short-Dated Options (aggregated)negativehighstrongly negative0% (negative edge)
Ekantik · Short-Dated Long Options pre-launch · no live record

Sources: standard institutional vol-desk disclosures, ESMA retail-options loss-rate aggregates, FINRA consumer alerts. The Ekantik row populates from the convex-track trade log once the live experiment opens on 6/30/2026; no figures shown until a meaningful sample accumulates.

04 · The Architecture · Layered Defense + Compounding

Three layers. All three reactive-empirical.
They fire on realized loss events, not predicted ones.

01

Layer 01  ·  Never Lose Money

Adherence-protected, not cushion-protected. The $5K working unit (§01.1) doubles as the initial buffer; the stand-down architecture is what prevents it from reaching the risk-of-ruin zone. Same framing as the linear track →

02

Layer 02  ·  The Sit-Out Architecture

Daily 1-loss · Weekly $600 cap · Monthly two-week stand-down. Same escalation pattern as the linear track, with tighter caps (12% vs 20% of unit) because gamma is regime-brittle.

03

Layer 03  ·  The Revert Architecture — primary regime-response

  • Buffer-lost revert. Cumulative P&L returns to N×-doubling level → auto-revert to N/2×.
  • Tight-revert pause. Two reverts within 14 days → auto-pause + witness review + countersigned restart.
  • Re-double earn-back. After a revert, the next double requires a fresh six-uncorrelated-trade buffer at the post-revert size — the previously earned buffer does not carry.
05 · The Two Falsifiability Gates

Two gates. Both binding. Both reported live.

This is Condition V of a legitimate founding thesisnamed abandonment condition — operationalized in code, witnessed under countersignature, and structurally impossible for the operator to modify under stress. Structurally identical to the linear track’s gates; calibrated to the convex instrument.

Expression Gate · Convex Arming Rolling-100 EV: / trade · R: (size-neutral)
Fidelity Gate · Convex Monitoring Stand-down tier: T0 — Normal
Edge

The Edge Gate — Convex track

Same gate as the linear track, calibrated to the convex instrument: rolling-100 realized EV ≤ $0/trade — active (provisional) from 80 trades, binding at 100. R = premium paid. Action on trigger and re-deploy gate are identical to the linear gate.

Read the convex protocol (v3 draft) →  ·  See the full Edge Gate framing (linear track) → Doc Ref: FP-V3-2026-06 · draft, witness countersignature pending

Fidelity Gate · Three criteria

Same three criteria as the linear track (attribution H2/H3, rule-modification integrity, daily-routine adherence ≥ 95%). The one convex-specific difference is in Criterion 03 below. See the linear-track criterion cards for full framing →

03

Daily Routine Adherence — bidirectional scaling watch

Daily-logged · pending launch

Same predisposal-log requirement as the linear track, with one addition: the scaling-rules log is bidirectional — doublings AND reverts both watched. This is the convex-track-only differentiator, because revert is primary regime-response here (§04 Layer 03), not a graceful step-down.

Binding Interpretation Rule. Expression-Gate firings during an active Fidelity T2/T3 breach are interpretation-suspended pending remediation. The architecture refuses to declare an edge falsified from data generated during a fidelity breach. See FP-V3 →

06 · Participation

Two ways to engage.

Witness the experiment

Free · Unlimited · Public Discord community

Watch every options trade as it executes. See the EV calculation update fill-by-fill. Watch the buffer ladder build, double, and revert. See the Falsifiability Gate run. No fee, no cap, no relationship required.

The Convexity Experiment runs on a separate Discord server from the Experiment. Observers wanting to watch both must join both servers — the separation keeps fills and Falsifiability events cleanly attributed to each experiment.

Join the Convexity Discord

Reach out with questions

Concepts · Methodology · Context · Fit

If something about the experiment raises questions — about the convex instrument, the doubling architecture, the revert mechanism, or how to think about this in your own context — the operator is reachable directly.

Reach out

07 · The Operator

Same operator. Same architecture. New instrument.

“The best metaphor for the last decade is building aircraft autopilot software. You document failure modes before passengers board.”

— Hiren Desai  ·  Founder & CIO  ·  Ekantik Capital Advisors

The operator’s record, the cybersecurity-origin story, the decade of risk-systems practice, and the personal-capital-on-every-fill commitment are all the same as the linear track — this is the same operator running a new instrument, not a new operator. Read the full operator section →

What’s new here is the instrument. The Falsifiability Gate (§05) is the structural answer to “how do you know it works on this instrument” — it’s the same gate concept, calibrated to convex payoffs.

08 · Live Evidence

Live, from the operator’s options account.

The panels below are computed live from the model-portfolio track record published in the option-alerts journal — educational, premium-at-risk only, recalculated as each fill closes. Live-capital deployment opens 6/30/2026; until the sample reaches 80 qualified trades the Expression Gate is armed but not yet binding.

Earned doubling · buffer progress
Current size 1× (base)
Uncorrelated qualified trades toward next double 0 / 6
Next double trigger $— of cumulative profit at current size
Most recent event Building…
Revert events

No revert events on record.

Public trade log · options fills
IDDate / TimeUnderlyingStrikeDTESide Entry premiumExit premium$ P&LResultRNote
Pre-launch. Live fills begin 6/30/2026.

Each row is a single closed long-option position. Sample is pre-asymptotic until 100 qualified trades.

Each alert — entry, strike, stop, and exit — is posted to the public #option-alerts channel in real time. Model portfolio, educational only.

09 · Reach Out

Reach out.

Questions about the Convexity Experiment, the convex instrument, the revert architecture, or how to think about this in your own context? Drop a note. The operator reads each one personally. This is a private inquiry path — not an application, not an offer acceptance, and not an expression of intent to participate in anything.

Thank you — message received. The operator will reply within 48 hours.