Options flow · daily recap

Options flow recap, Oct 23, 2026: unusual options activity and the biggest trades

Data from the session · 20 tickers · published 8:00 AM ET, Oct 24

On Oct 23, 52% of the $1.26B in large option prints across the 20 tickers here was bought, where a side is known; 51% was in calls, a put/call premium ratio of 0.96.

QQQ led on Oct 23 with $284.3M, ahead of SPY ($159.0M) and MU ($157.0M).

On Oct 23 the most call-heavy was PLTR (98% calls) and the most put-heavy IWM (89% puts).

Bought / sold52% / 48%
Calls / puts51% / 49%Put/call premium ratio 0.96
Total premium$1.26B2,508 large prints

All 20 tickers

TickerBoughtCalls / putsPremiumP/CPrints
QQQ
50%
41%
$284.3M
1.46505
SPY
48%
33%
$159.0M
2.08534
MU
56%
61%
$157.0M
0.63195
TSLA
29%
80%
$100.0M
0.25153
PLTR
96%
98%
$80.8M
0.0217
NVDA
33%
63%
$80.3M
0.58210
SPCX
80%
73%
$53.6M
0.37198
IWM
44%
11%
$42.8M
7.7097
AMD
64%
25%
$42.1M
2.9654
AAPL
33%
68%
$41.6M
0.48104
META
45%
45%
$37.6M
1.2354
ORCL
80%
13%
$33.4M
6.6527
AVGO
33%
25%
$32.9M
3.0539
AMZN
46%
61%
$25.7M
0.6586
CRWV
60%
27%
$23.8M
2.6853
SMH
55%
36%
$19.4M
1.7449
GOOGL
36%
66%
$18.2M
0.5147
INTC
48%
54%
$14.8M
0.8647
SOXL
87%
67%
$9.3M
0.4827
NBIS
53%
71%
$2.4M
0.4212

BoughtSoldCallsPuts

Largest trades by premium

On Oct 23, PLTR's 5 largest prints carried the most premium, $78.9M (98% of its session), $76.3M of it bought.

  1. PLTR$78.9M
  2. QQQ$67.3M
  3. TSLA$56.5M
  4. AMD$26.4M
  5. ORCL$26.0M
  6. AVGO$22.9M
  7. MU$20.9M
  8. NVDA$19.9M

BoughtSoldNo side

Sector rotation at the Oct 23 close

The close

At the Oct 23 close the S&P 500 (SPY) at 759.97 (−0.52%), the Dow (DIA) at 521.37 (−1.24%) and the NASDAQ 100 (QQQ) at 704.40 (−0.01%), with the VIX at 19.45.

DOW (DIA)521.37−1.24%
S&P 500 (SPY)759.97−0.52%
NASDAQ (QQQ)704.40−0.01%
VIX19.45+2.21%

Where money rotated

On Oct 23, 3 of 12 sectors rose and 3 of 12 beat the S&P 500; over the week money left Communication Services and Technology for Energy and Health Care.

1DOut ofComm. SvcsTechnologyIntoEnergyReal Estate
1WOut ofComm. SvcsTechnologyIntoEnergyHealth Care
Sectors up3/12
Beat S&P3/12

LeadingImprovingWeakeningLagging

Quadrant crossings

No sector changed quadrant on Oct 23.

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

In the week to Oct 23, Cybersecurity (Technology) led the S&P 500 by 11.7 points, while Semicon Equip (Technology) trailed it by 9.6 points.

  1. Cybersecurity+11.7
  2. IT Services+9.9
  3. Data+6.9
  4. Semicon Equip−9.6
  5. Power Gen−7.4
  6. Internet−5.4

Risk appetite

As of the Oct 23 close the gauges read stressed, but broad: credit shows strain; the average stock leads the S&P 500.

  1. Credit−1.6 stressed
  2. VIX term0.96 even
  3. Cyclicals−5.3 risk-off
  4. Small caps−0.7 even
  5. Equal weight+4.0 broad

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

Standout, 20 sessions

Over the 20 sessions to Oct 23, IT Services in Technology was the strongest S&P 500 group (+22.8% median, +24.3 points against the S&P 500), and ACN its strongest name above its 50-day average (+41.6%).

Leading sectorHealth CareLeading
#1 sub-sectorIT Services+22.8%
Standout nameACN+41.6%

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.