Crude oil surged 8.4% to nearly $81, hammering airlines, industrials, and even defensive sectors — but software ETFs gained 2.3% as institutions rotated into oil-insensitive quality names. With Unit Labor Costs printing at 2.8% versus a 0.2% consensus and the Strait of Hormuz situation unresolved, tomorrow’s NFP report at 8:30 AM sets up as a genuine two-door binary event. The playbook: size down to 50-60%, define stops before 8:29 AM, and watch INTU above $468 and AVGO above $330 as the key institutional tells.