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LanceRoberts Avatar Lance Roberts @LanceRoberts on x 95.5K followers Created: 2025-07-18 11:58:47 UTC

Why we bought some cheap "out of the money" S&P #puts this past week.

-Gross #equity exposure is at all-time highs. -Cost to protect #risk is extremely cheap. That isn't a hard call.

XXXXXX engagements

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