We present a first principle computation of vertical stripes in
La15/8​Sr1/8​CuO4​ within the LDA+U method. We find that Cu centered
stripes are unstable toward O centered stripes. The metallic core of the stripe
is quite wide and shows reduced magnetic moments with suppressed
antiferromagnetic (AF) interactions. The system can be pictured as alternating
metallic and AF two-leg ladders the latter with strong AF interaction and a
large spin gap. The Fermi surface shows warping due to interstripe
hybridization. The periodicity and amplitude of the warping is in good
agreement with angle resolved photoemission experiment. We discuss the
connection with low-energy theories of the cuprates.Comment: 5 pages,4 figure