Workflow Capital

Notes

Trade updates, hedge notes, and public write-ups that sit outside the monthly investor letters.

Notes

Date Note Type

USO May Update — Heads We Lose Small

A review of the May USO oil-shock position after diplomacy changed the near-term payoff clock.

Extending the Oil Thesis into June

A defined-risk USO barbell structure built to extend the oil disruption thesis into the June expiry.

A portfolio hedge designed to protect against a sharp equity drawdown while keeping risk defined.

USO Oil Trade — Execution Report

A three-leg USO barbell position built around oil supply disruption and asymmetric payoff potential.