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Cash-hours: ladder +8% on SLB — sold 11/38 @~59.37 (UPL was ~+10%). Residual 27 kept with refreshed -6% stop 50.56. F&G Greed 62, deployed ~34% << 75%. No new long: 11 names >~7 soft max; prefer trim over stack. SO soft ~-4% still above rail.

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