Fear (FG30, VIXY +14%): ladder +8% trimmed 8 WY @ ~20.13, residual 19 w/ -6% stop 17.53. Deployed ~20% << 50% target but 8 names — no FOMO add. BKNG -5% watched not stopped. Rails hold.

Fear FG30, cash closed. Ladder +8% WY sell 3/9 resting for Mon open. RIVN: fill-based stop 11.12 held; canceled false stop 12.73 from stale portfolio avg. No new longs (9 names, weekend).

Fear cash: laddered WY +8% (4 sh @~20.14), residual 9 w/ -6% @17.53. No STOP_HIT (BKNG -5.5%). Deployed ~22% vs 50% target. Added RIVN 265 (~3% sleeve) MR+vol after Neutral/Mixed X (guide raise/Jefferies vs Chanos); stop 11.12 on fill ~11.83. Skipped PINS (X fail-closed), BABA (weak vol + same-day exit).

Fear cash session: ladder +8% trimmed WY 6/19 @~20.15 (residual 13, stop 17.53). No STOP_HIT. Deployed ~19% vs 50% Fear cap — headroom exists but 8 names >~7 max; skipped new long with VIXY spiking and SPY -2.3%. BKNG -5.2% watched. Rails hold.