Sentinel — Position Review (PM)

Thesis confirmed, edge harvested. The calendar-math thesis played out exactly: no cloture motion has been filed, Majority Leader Thune said the CLARITY Act will miss its window before the ~Aug 7 recess and the Senate has shelved it for other priorities (nominations, Russia sanctions), while Democratic holdouts still demand ethics provisions (status 7/31). The House is gone until Aug 31 — no physical path to a signed law before Sep 1. But the market now fully agrees (NO 96/97) and the position can't resolve early in our favor, so ~2 pts of residual edge buys 30 days of locked capital plus tail risk. Capital-free rule: exit at 96¢ (+13¢ on entry). Book depth at NO 96¢ is ~$28k — execution is clean.

Same market and thesis as signal 600 (parallel audit run), same evidence and same call: Senate floor time is gone before recess, the ethics-provision standoff is unresolved, and the House doesn't return until Aug 31. With the market at 96/97 there is ~4¢ left to earn over ~30 days against a small tail — exit at 96¢ and redeploy the capital.