Thesis intact — exiting on capital efficiency, not doubt.
The June 30 NPR retirement story was
retracted by NPR and flatly denied by the Supreme Court's press office; since entry the evidence has only strengthened: Alito hired a
full roster of four law clerks for the October 2026 term and
is not expected to retire this term per sourced reporting, with a book launch due in October. No fresh announcement chatter surfaced in mid-July searches.
With NO exiting at 99¢ (yes_ask 1¢), only 1¢ remains over ~15 days of locked capital — outside the ~7-day hold window for capital_free positions — so we bank the +13¢ (+15.1%) now. Liquidity is ample: ~674 contracts at 99¢, 10,000+ at 98¢.