Uncharted Options

Every automated trading system enforces its risk limits in software. Tell it to close a position at a 3% loss and that instruction is a line of code like any other — it inherits every weakness code has. It fills where the market actually is, not where you asked. It never fires if there's a bug. Nothing happens at all if the connection drops overnight. The limit was never a guarantee. It was an intention, and intentions fail under exactly the conditions where they matter most. Uncharted Options takes the limit out of the software entirely. The agent trades one instrument class: defined-risk vertical spreads. Both legs go in as a single multi-leg order, so maximum loss is fixed the instant the order is constructed and enforced by the broker and the OCC. A crashed process can't widen it. A stalled data feed can't widen it. A bug in the exit logic can't widen it. The risk ceiling stops being a promise the software makes and becomes a property of what it holds. Two exposure gates handle the rest: 3% maximum risk per position, 5% maximum exposure per underlying, measured against equity — never buying power, which on a margin account reports four times equity and would silently quadruple every trade. The dashboard leads with what the agent refused. Every candidate it declined, with the gate that stopped it — because a refusal exists nowhere in broker data, and if we didn't record it, it wouldn't exist. It refuses to stay in, too. On September 2 it closed both open positions unattended, logging: "SPY at $762.95 is inside the $762.50-$770.50 pin zone with 1d to expiry. Closing rather than gambling on where it settles." It took a small loss rather than carry unbounded assignment risk overnight. Nobody told it to. Built on .NET 10, executing through the Alpaca CLI. Live: https://uncharted-options.vercel.app