VIX spiked 21% to 20.0 — the tape repriced risk in a hurry.
Elsewhere, Energy led three-month relative strength at +14.5% with Real Estate at -9.4%, while SPY's dealer book reads short gamma at −$52.7M.
The S&P 500 finished the session at 7,659. Breadth reads 52% of members above the 200-day average and 45% above the 50-day. SPY itself holds 5.5% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 21 to 2. The VIX sits at 20.0 — unremarkable.
On the options side, net GEX on SPY sits at −$52.7M across tracked expiries — a dealer-short-gamma read on delayed CBOE data. The call wall stands at $765 with the put wall at $762. Into the 2026-10-19 expiry, the straddle implies a SPY move of about ±$6.24, or ±0.82%. For QQQ the same horizon prices ±1.39%.
Across sectors, Energy (XLE) leads on three-month relative strength versus SPY at +14.5%, with Software next at +9.1%. At the other end, Real Estate (XLRE) lags at -9.4%, with Utilities not far ahead at -8.7%.
This note is auto-generated from Tapelab's nightly market data. It reports what the data said on the date above — research commentary, not investment advice.