Jun. 16 at 8:39 PM
New positioning update across the book.
Started a fresh position in
$PRIM last week, building exposure into the theme.
Added again to
$UAMY, although price action is still lagging and behaving weak relative to expectations.
$STUB is softer today, but still holding structured upside via 2028
$10 risk reversals - already up more than 2x from entry, so the convexity is working.
Overall portfolio is progressing unevenly - some names are carrying, others are dragging.
Now the focus shifts to
$IREN - execution needs to follow the narrative.
