{
 "updated": "2026-07-10T05:21:13",
 "issued": [
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "ALKEM",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 5679.5,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 5786.57",
   "dollar_size": 39333,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($7.9M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "DIVISLAB",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 6784.0,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 6912.89",
   "dollar_size": 129405,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($25.9M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "DRREDDY",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 1357.0,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 1390.39",
   "dollar_size": 103293,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($20.7M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "CIPLA",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 1453.3,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 1482.64",
   "dollar_size": 105272,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($21.1M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "GLENMARK",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 2267.0,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 2321.71",
   "dollar_size": 66875,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($13.4M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "LUPIN",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 2492.5,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 2543.96",
   "dollar_size": 100058,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($20.0M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "SUNPHARMA",
   "side": "SHORT",
   "family": "PH-A",
   "entry_ref": 1904.0,
   "close_instruction": "cover at today's 15:15 close; hard stop if it trades at 1932.71",
   "dollar_size": 200492,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($40.1M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "ORCHPHARMA",
   "side": "SHORT",
   "family": "PH-B",
   "entry_ref": 970.05,
   "close_instruction": "cover at today's 13:30",
   "dollar_size": 4872,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($1.0M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "UNICHEMLAB",
   "side": "SHORT",
   "family": "PH-B",
   "entry_ref": 480.0,
   "close_instruction": "cover at today's 13:30",
   "dollar_size": 4845,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($1.0M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "GUFICBIO",
   "side": "SHORT",
   "family": "PH-B",
   "entry_ref": 382.0,
   "close_instruction": "cover at today's 13:30",
   "dollar_size": 2594,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($0.5M/day)"
  },
  {
   "ts": "2026-07-10T05:11:25",
   "date": "2026-07-08",
   "symbol": "NGLFINE",
   "side": "SHORT",
   "family": "PH-B",
   "entry_ref": 3101.0,
   "close_instruction": "cover at today's 13:30",
   "dollar_size": 2999,
   "cap_reason": "liquidity-bound: 0.5% of 20-day median turnover ($0.6M/day)"
  }
 ],
 "results": [
  {
   "date": "2026-07-08",
   "symbol": "ALKEM",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 1.194,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "DIVISLAB",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 0.327,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "DRREDDY",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 0.49,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "CIPLA",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 1.379,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "GLENMARK",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 1.81,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "LUPIN",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 1.244,
   "closed_date": "2026-07-08"
  },
  {
   "date": "2026-07-08",
   "symbol": "SUNPHARMA",
   "side": "SHORT",
   "family": "PH-A",
   "net_pct": 0.73,
   "closed_date": "2026-07-08"
  }
 ]
}