Options flow · daily recap

Options flow recap, Oct 20, 2026: unusual options activity and the biggest trades

Data from the session · 20 tickers · published 8:00 AM ET, Oct 21

On Oct 20, 50% of the $1.06B in large option prints across the 20 tickers here was bought, where a side is known; 47% was in calls, a put/call premium ratio of 1.13.

QQQ led on Oct 20 with $178.2M, ahead of SPY ($138.6M) and TSLA ($106.9M).

On Oct 20 the most call-heavy was AMZN (87% calls) and the most put-heavy ORCL (83% puts).

Bought / sold50% / 50%
Calls / puts47% / 53%Put/call premium ratio 1.13
Total premium$1.06B2,714 large prints

All 20 tickers

TickerBoughtCalls / putsPremiumP/CPrints
QQQ
63%
39%
$178.2M
1.56474
SPY
51%
44%
$138.6M
1.27545
TSLA
35%
46%
$106.9M
1.16195
MU
46%
46%
$86.0M
1.19183
META
64%
64%
$78.9M
0.5697
NVDA
58%
62%
$57.6M
0.62206
SPCX
52%
37%
$57.4M
1.69160
IWM
49%
38%
$53.7M
1.62128
AMD
66%
42%
$44.7M
1.41104
CRWV
52%
36%
$35.0M
1.79112
AMZN
32%
87%
$33.3M
0.1567
AVGO
25%
53%
$32.7M
0.8741
INTC
40%
42%
$31.3M
1.3766
GOOGL
24%
71%
$27.1M
0.4148
SMH
34%
24%
$25.6M
3.2354
SOXL
47%
75%
$19.8M
0.3351
NBIS
61%
44%
$17.0M
1.2857
ORCL
46%
17%
$14.6M
4.7128
AAPL
39%
26%
$13.7M
2.9270
PLTR
49%
72%
$7.1M
0.4028

BoughtSoldCallsPuts

Largest trades by premium

On Oct 20, TSLA's 5 largest prints carried the most premium, $44.2M (41% of its session), $2.2M of it bought.

  1. TSLA$44.2M
  2. QQQ$26.8M
  3. META$23.4M
  4. AVGO$19.9M
  5. AMZN$19.7M
  6. MU$18.3M
  7. AMD$14.5M
  8. IWM$14.3M

BoughtSoldNo side

Sector rotation at the Oct 20 close

The close

At the Oct 20 close the S&P 500 (SPY) at 769.05 (+0.34%), the Dow (DIA) at 524.36 (+1.05%) and the NASDAQ 100 (QQQ) at 717.63 (−0.10%), with the VIX at 17.31.

DOW (DIA)524.36+1.05%
S&P 500 (SPY)769.05+0.34%
NASDAQ (QQQ)717.63−0.10%
VIX17.31−6.13%

Where money rotated

On Oct 20, 11 of 12 sectors rose and 8 of 12 beat the S&P 500; over the week money left Technology for Health Care and Consumer Staples.

1DOut ofTechnologyIntoHealth CareReal Estate
1WOut ofTechnologyIntoHealth CareCons. Staples
Sectors up11/12
Beat S&P8/12

LeadingImprovingWeakeningLagging

Quadrant crossings

No sector changed quadrant on Oct 20.

Sub-sectors against the S&P 500, 1W

In the week to Oct 20, IT Services (Technology) led the S&P 500 by 12.5 points, while Semicon Equip (Technology) trailed it by 11.2 points.

  1. IT Services+12.5
  2. Aggregates+8.6
  3. Travel+8.0
  4. Semicon Equip−11.2
  5. Cybersecurity−9.2
  6. Electrical−8.0

Breadth: names above their 50-day average

At the Oct 20 close, Energy had the most names above their 50-day average (75%) and Real Estate the fewest (30%).

  1. Energy75%
  2. Health Care73%
  3. Utilities71%
  4. Cons. Staples65%
  5. Materials57%
  6. Technology53%
  7. Cons. Disc.46%
  8. Financials43%
  9. Industrials41%
  10. Comm. Svcs39%
  11. Real Estate30%

Risk appetite

As of the Oct 20 close the gauges read mixed: the VIX term is relaxed; credit shows strain; small caps trail the S&P 500; the average stock leads the S&P 500.

  1. Credit−2.1 stressed
  2. VIX term0.94 calm
  3. Cyclicals−3.2 risk-off
  4. Small caps−3.4 narrow
  5. Equal weight+2.0 broad

20 sessions; VIX term at its close. It describes the market, not a forecast.

Standout, 20 sessions

Over the 20 sessions to Oct 20, Cruise in Consumer Discretionary was the strongest S&P 500 group (+21.5% median, +22.0 points against the S&P 500), and RCL its strongest name above its 50-day average (+22.5%).

Leading sectorHealth CareLeading
#1 sub-sectorCruise+21.5%
Standout nameRCL+22.5%

It shows where money has been going, not a forecast.

The live rotation, its chart and the full sector tables are in MomoEdge.

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Totals cover the large and unusual option prints the MomoEdge feed records in a session, not every trade. Bought means more of a print's premium traded at the ask than at the bid; sold, the reverse. Pages update at 8:00 AM ET on the morning after each trading session. Educational content, not financial advice. Market data from licensed third-party providers.