Options flow · daily recap

Options flow recap, Nov 4, 2026: unusual options activity and the biggest trades

Data from the session · 20 tickers · published 8:00 AM ET, Nov 5

On Nov 4, 50% of the $2.00B 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 Nov 4 with $517.6M, ahead of MU ($317.4M) and SPY ($242.1M).

On Nov 4 the most call-heavy was AMZN (87% calls) and the most put-heavy SMH (86% puts).

Bought / sold50% / 50%
Calls / puts47% / 53%Put/call premium ratio 1.13
Total premium$2.00B3,617 large prints

All 20 tickers

TickerBoughtCalls / putsPremiumP/CPrints
QQQ
41%
36%
$517.6M
1.79739
MU
62%
53%
$317.4M
0.89224
SPY
50%
50%
$242.1M
1.00563
AMZN
56%
87%
$114.9M
0.15249
AMD
46%
47%
$103.4M
1.11142
TSLA
52%
36%
$101.0M
1.77260
NVDA
48%
52%
$89.9M
0.94214
AAPL
48%
62%
$67.6M
0.60220
IWM
61%
30%
$65.5M
2.32153
SMH
22%
14%
$63.7M
5.93119
INTC
62%
38%
$60.5M
1.63117
SPCX
37%
50%
$43.7M
1.01116
GOOGL
57%
76%
$39.7M
0.31120
SOXL
51%
42%
$34.4M
1.3968
ORCL
79%
31%
$34.2M
2.2651
META
54%
79%
$33.5M
0.2768
PLTR
35%
41%
$30.1M
1.4387
NBIS
52%
59%
$13.0M
0.7039
CRWV
80%
49%
$12.9M
1.0638
AVGO
42%
59%
$11.3M
0.6930

BoughtSoldCallsPuts

Largest trades by premium

On Nov 4, QQQ's 5 largest prints carried the most premium, $124.4M (24% of its session), $21.0M of it bought.

  1. QQQ$124.4M
  2. MU$117.4M
  3. SPY$39.9M
  4. SMH$31.2M
  5. INTC$28.7M
  6. AMZN$24.9M
  7. IWM$19.7M
  8. NVDA$18.1M

BoughtSoldNo side

Sector rotation at the Nov 4 close

The close

At the Nov 4 close the S&P 500 (SPY) at 766.81 (+1.65%), the Dow (DIA) at 533.11 (+3.10%) and the NASDAQ 100 (QQQ) at 691.95 (+0.97%), with the VIX at 16.61.

DOW (DIA)533.11+3.10%
S&P 500 (SPY)766.81+1.65%
NASDAQ (QQQ)691.95+0.97%
VIX16.61−20.26%

Where money rotated

On Nov 4, 9 of 12 sectors rose and 8 of 12 beat the S&P 500; over the week money left Technology and Energy for Retail and Real Estate.

1DOut ofEnergyTechnologyIntoRetailCons. Disc.
1WOut ofTechnologyEnergyIntoRetailReal Estate
Sectors up9/12
Beat S&P8/12

LeadingImprovingWeakeningLagging

Quadrant crossings

EnergyWeakeningLagging

Energy moved from Weakening to Lagging on Nov 4: below-average strength against the S&P 500, with momentum falling.

Health CareWeakeningLeading

Health Care moved from Weakening to Leading on Nov 4: above-average strength against the S&P 500, with momentum rising.

Comm. SvcsLaggingImproving

Communication Services moved from Lagging to Improving on Nov 4: strength still below average, but momentum rising.

IndustrialsLeadingImproving

Industrials moved from Leading to Improving on Nov 4: strength still below average, but momentum rising.

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

In the week to Nov 4, Travel (Consumer Discretionary) led the S&P 500 by 15.6 points, while Power Gen (Utilities) trailed it by 13.5 points.

  1. Travel+15.6
  2. Casinos+14.7
  3. Aggregates+13.1
  4. Power Gen−13.5
  5. Hardware−11.6
  6. Semicon Equip−11.3

Breadth: names above their 50-day average

At the Nov 4 close, Health Care had the most names above their 50-day average (97%) and Energy the fewest (15%).

  1. Health Care97%
  2. Cons. Staples92%
  3. Real Estate90%
  4. Utilities90%
  5. Cons. Disc.87%
  6. Financials82%
  7. Materials79%
  8. Industrials68%
  9. Comm. Svcs56%
  10. Technology42%
  11. Energy15%

Risk appetite

As of the Nov 4 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−0.6 stressed
  2. VIX term0.91 calm
  3. Cyclicals−2.7 even
  4. Small caps+3.6 broad
  5. Equal weight+7.4 broad

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

Standout, 20 sessions

Over the 20 sessions to Nov 4, Home Improv in Consumer Discretionary was the strongest S&P 500 group (+26.4% median, +27.7 points against the S&P 500). At the Nov 4 close its strongest name, POOL, stood 24.4% above its 50-day average, +42.4% over the 20 sessions.

Leading sectorRetailLeading
#1 sub-sectorHome Improv+26.4% median, 20 sessions
Standout namePOOL+42.4% in 20 sessions

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.