Options flow · daily recap

Options flow recap, Nov 3, 2026: unusual options activity and the biggest trades

Data from the session · 20 tickers · published 8:00 AM ET, Nov 4

On Nov 3, 46% of the $1.58B in large option prints across the 20 tickers here was bought, where a side is known; 43% was in calls, a put/call premium ratio of 1.31.

QQQ led on Nov 3 with $459.7M, ahead of SPY ($223.7M) and AAPL ($138.5M).

On Nov 3 the most call-heavy was SOXL (89% calls) and the most put-heavy AMD (76% puts).

Bought / sold46% / 54%
Calls / puts43% / 57%Put/call premium ratio 1.31
Total premium$1.58B2,694 large prints

All 20 tickers

TickerBoughtCalls / putsPremiumP/CPrints
QQQ
40%
38%
$459.7M
1.62528
SPY
57%
43%
$223.7M
1.31480
AAPL
56%
66%
$138.5M
0.52223
AMD
25%
24%
$123.0M
3.1091
INTC
64%
28%
$98.1M
2.5781
MU
51%
50%
$85.3M
0.98176
NVDA
51%
67%
$68.3M
0.50197
TSLA
56%
51%
$63.7M
0.96173
PLTR
44%
40%
$60.7M
1.47157
SMH
34%
27%
$53.2M
2.6990
META
57%
44%
$44.8M
1.2861
SPCX
37%
58%
$38.0M
0.7388
IWM
39%
34%
$31.9M
1.9076
ORCL
65%
44%
$27.4M
1.2867
AMZN
44%
61%
$13.5M
0.6463
AVGO
9%
75%
$12.0M
0.3428
CRWV
37%
61%
$11.9M
0.6528
GOOGL
55%
29%
$11.6M
2.3937
NBIS
16%
43%
$11.1M
1.3027
SOXL
25%
89%
$6.9M
0.1223

BoughtSoldCallsPuts

Largest trades by premium

On Nov 3, QQQ's 5 largest prints carried the most premium, $115.8M (25% of its session), $15.5M of it bought.

  1. QQQ$115.8M
  2. AMD$81.5M
  3. SPY$52.1M
  4. INTC$43.9M
  5. AAPL$25.9M
  6. META$22.4M
  7. IWM$16.7M
  8. ORCL$16.1M

BoughtSoldNo side

Sector rotation at the Nov 3 close

The close

At the Nov 3 close the S&P 500 (SPY) at 754.35 (+0.30%), the Dow (DIA) at 517.06 (−0.44%) and the NASDAQ 100 (QQQ) at 685.28 (+0.62%).

DOW (DIA)517.06−0.44%
S&P 500 (SPY)754.35+0.30%
NASDAQ (QQQ)685.28+0.62%

Where money rotated

On Nov 3, 4 of 12 sectors rose and 3 of 12 beat the S&P 500; over the week money left Technology and Energy for Real Estate and Financials.

1DOut ofEnergyHealth CareIntoIndustrialsReal Estate
1WOut ofTechnologyEnergyIntoReal EstateFinancials
Sectors up4/12
Beat S&P3/12

LeadingImprovingWeakeningLagging

Quadrant crossings

Health CareLeadingWeakening

Health Care moved from Leading to Weakening on Nov 3: strength still above average, but momentum falling.

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

In the week to Nov 3, Instruments (Industrials) led the S&P 500 by 10.4 points, while Cybersecurity (Technology) trailed it by 10.8 points.

  1. Instruments+10.4
  2. Aggregates+10.4
  3. Aerospace+9.7
  4. Cybersecurity−10.8
  5. Internet−9.9
  6. Networking−7.1

Breadth: names above their 50-day average

At the Nov 3 close, Utilities had the most names above their 50-day average (87%) and Communication Services the fewest (39%).

  1. Utilities87%
  2. Health Care84%
  3. Materials75%
  4. Cons. Staples75%
  5. Cons. Disc.72%
  6. Industrials71%
  7. Financials68%
  8. Energy60%
  9. Real Estate55%
  10. Technology45%
  11. Comm. Svcs39%

Risk appetite

As of the Nov 3 close the gauges read mixed and broad: the VIX term is relaxed; credit shows strain; small caps and the average stock lead the S&P 500.

  1. Credit−1.2 stressed
  2. VIX term0.92 calm
  3. Cyclicals−3.7 risk-off
  4. Small caps+2.6 broad
  5. Equal weight+6.4 broad

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

Standout, 20 sessions

Over the 20 sessions to Nov 3, Storage in Real Estate was the strongest S&P 500 group (+16.6% median, +19.8 points against the S&P 500), and EXR its strongest name above its 50-day average (+16.7%).

Leading sectorCons. StaplesLeading
#1 sub-sectorStorage+16.6%
Standout nameEXR+16.7%

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.