Energy · 92 · Strait of Hormuz
Direct barrel / services / LNG cover tied to Gulf fixtures and war-risk.
Stale if Strait of Hormuz drops out of the political tape by Friday.
Risky Ticker · SIM desk sheet
Hormuz Attrition
Insurance premia and slow steaming around the Strait — not a closure headline, a grind.
Heat three / cold three. Mechanism, not a thesis. Names sit in the tape. Not a target list.
Heat — loud book
Financials · 78 · London / Lloyd's war-risk desk
War-risk, hull, and trade-finance desks — London more than the Gulf itself.
Stale if London / Lloyd's war-risk desk drops out of the political tape by Friday.
Industrials · 74 · Jebel Ali transshipment
Transshipment and project cargo delayed; defense names as second-order.
Stale if Jebel Ali transshipment drops out of the political tape by Friday.
Cold — quiet sleeve
Materials · 56 · US Gulf Coast chemicals, quiet book
US coatings, gases, aggregates — political beta near zero, cyclical beta not.
Stale if political-event risk shows up in US Gulf Coast chemicals, quiet book by Friday.
Consumer Discretionary · 58 · US off-price + QSR domestic
US off-price, QSR, home centers. Footfall, not freight.
Stale if political-event risk shows up in US off-price + QSR domestic by Friday.
Industrials · 60 · US domestic rail / waste
US rail, waste, domestic aero. No lockage number on the blotter.
Stale if political-event risk shows up in US domestic rail / waste by Friday.
Names in this tape
Not a target list. Direct / second-order / residual / baseline.
Desk drill
PM sizes risk and names a max ADV%. Trader works the print against arrival, not last. Ops watches prime margin and fails.
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Names sit in the tape. Not a target list. Not investment advice.