M1a delta=0.05: max implied w (S3L, C^2 dropped) = +0.0028 ; true W there = +0.0753 ; E_true - S3L(keepC) = 0.0625 ; min real gap 1.000
M1a delta=0.08: max implied w (S3L, C^2 dropped) = -0.0332 ; true W there = +0.1146 ; E_true - S3L(keepC) = 0.0550 ; min real gap 1.000
