November 2 Recap: SPX GEX Narrows to −$44.76B as Premium Falls 27%11 月 2 日复盘：SPX GEX 收窄至 −$44.76B，权利金下降 27%

SPX net GEX narrowed from −98.98B on October 30 to −44.76B on November 2, and DIA replaced IWM as the only Positive index row. Single-name premium fell 27%, from $23.5B to $17.1B, and the tape moved from leaned bearish to balanced.

$17.1B, 52% calls, 23% bullish versus 23% bearish. MU led at $1.7B Mixed; DIA was the only Positive index row.

Open Daily Market Recap or the November 2 session. Sign-in and a paid entitlement may be required.

This edition's figures in 45 seconds. The numbers match the tables below.

What the recap printed

Test app, session 2026-11-02, KPI. Captured November 3, 2026 (New York time).

Sentiment bars: Neutral $9.2B, Bearish $4.0B, Bullish $3.9B.

Test app, session 2026-11-02, Step 1. Captured November 3, 2026 (New York time).

What changed since October 30

Both directional shares fell, bullish by three points and bearish by five, so the tape moved from leaned bearish to balanced. MU kept the top of the leaders table on $0.3B less premium and stayed Mixed, while its largest ticket grew from a $9M call to a $28M call.

Leaders: where premium concentrated

Test app, session 2026-11-02, Step 2. Captured November 3, 2026 (New York time).

MU, AMD and SNDK showed more put than call premium. AMD was the only top-six name tagged Bullish, though $527M of its $1.0B was puts. TSLA moved from sixth to second, NVDA fell from $1.9B to $764M, and AAPL joined the top six level with SNDK at $716M; INTC, fourth on October 30 at $1.5B, was seventh at $475M.

Test app, session 2026-11-02, Bottom line / glance. Captured November 3, 2026 (New York time).

Exposure and volatility context

The glance lists AMD +0M shares-equiv. as largest Net DEX and BRKB 3.7% as largest Net DEI magnitude; Step 4 agrees on BRKB's 3.7%, with a Positive Net DEX sign. On October 30 the largest Net DEI was RDDT at 13.9%, with a Negative sign.

Step 5's highest IV rank among active names is APP 84 / 100, with 97.3% 30-day implied volatility. TradingFlow's APP volatility page for October 30 read IV30 93.3%. On October 30 the step's first usable reading was DELL at 98 / 100.

Index GEX: SPX narrows to −44.76B, DIA the only Positive row

Test app, session 2026-11-02, Step 6 · T+1. Captured November 3, 2026 (New York time).

SPX rose 54.22B, from −98.98 to −44.76, and stayed Negative. SPY (−12.36 to −6.25) and QQQ (−12.7 to −3.45) also narrowed, while NDX deepened from −1.46 to −3.59. IWM went from +0.12 Positive to −0.16 Negative, and DIA from −0.14 to +0.01 Positive.

Headline name: MU at $833

Test app, session 2026-11-02, Step 8. Captured November 3, 2026 (New York time).

Cards: last $833, premium $1.7B, 49% calls, 23% bullish, 85% average IV on traded contracts. On October 30 the cards read $885, $2.0B, 48% calls, 29% bullish, and 82%.

Test app, session 2026-11-02, Step 8 · prints. Captured November 3, 2026 (New York time).

The largest MU ticket was a $28M 1,050 call expiring 2027-02-19, tagged Neutral. A $10M 1,250 call on the same expiry printed in the same minute, tagged Bearish, and the 950 and 1,020 calls for 2026-12-18 printed together at 14:16. Of the twelve largest tickets, six were calls and six puts; on October 30 nine of twelve were puts.

Movers: NWL +15.9%

Test app, session 2026-11-02, Step 7. Captured November 3, 2026 (New York time).

The largest gain was NWL, +16% in the bottom line and 15.9% in Step 7 (Up). October 30's was GDYN +24.9%.

What this session is evidence of

How to read these numbers

This edition reads TradingFlow's Daily Market Recap for November 2, 2026, captured on November 3 (New York time). Three runs between 11:45 and 11:51 AM New York time printed the same figures. It is a completed-session report, not a trade recommendation.

Two clocks apply. Premium, sentiment, and prints describe the session tape; GEX and IV are the recap's T+1 / prior-close snapshots, not a live intraday gamma map. Neutral premium supplies no direction, and call share is option type, not bullish sentiment. Net DEI is a magnitude relative to typical activity; Net DEX is a separate signed classification, and a +0M reading rounds to zero. GEX is modeled chain structure under TradingFlow's dealer-sign convention, not observed dealer inventory, a support level, or the next session's direction. Ticket tags do not prove who bought or sold or whether a position opened, and intraday_pct is a first-to-last underlying-price proxy from the option tape, not a verified daily return.

A ticket's feed tag reads the quote side: Bullish is a call bought at the ask or a put sold at the bid, Bearish the reverse.

Reproduce the findings

1. Open the November 2 recap; confirm Nov 2, 2026 in the session KPI.
2. Open the October 30 recap beside it and compare the KPI strip, leaders, and all six index GEX rows.
3. Compare MU's headline cards and largest tickets on both days.
4. Read Steps 4–6 separately: exposure magnitude, volatility rank, and index structure.

TradingFlow App Home → Cookbooks → Daily Market Recap → select the completed session.

Related reading

• October 30 recap
• October 29 recap
• Daily Market Recap in Cookbooks
• Option flow · Gamma exposure · IV rank

SPX 净 GEX 从 10 月 30 日的 −98.98B 收窄至 11 月 2 日的 −44.76B，DIA 取代 IWM 成为唯一 Positive 的指数。个股权利金下降 27%，从 $23.5B 降至 $17.1B，情绪从 leaned bearish 转为 balanced。

权利金 $17.1B，52% 为 call；看多 23%、看空 23%。MU 以 $1.7B Mixed 居首；DIA 是唯一 Positive 的指数。

打开 Daily Market Recap 或 11 月 2 日报告。可能需要登录及付费权限。

45 秒看完本期数据，数字与下文表格一致。

复盘显示了什么

测试应用，交易日 2026-11-02，KPI。采集于 2026 年 11 月 3 日（纽约时间）。

情绪柱：Neutral $9.2B、Bearish $4.0B、Bullish $3.9B。

测试应用，交易日 2026-11-02，Step 1。采集于 2026 年 11 月 3 日（纽约时间）。

与 10 月 30 日相比的变化

两个方向占比都下降，看多降 3 个百分点、看空降 5 个百分点，情绪因此从 leaned bearish 转为 balanced。MU 的权利金少了 $0.3B，仍居活跃榜首并维持 Mixed；最大一笔则从 $9M 的 call 增至 $28M 的 call。

活跃榜：权利金集中在哪

测试应用，交易日 2026-11-02，Step 2。采集于 2026 年 11 月 3 日（纽约时间）。

MU、AMD 与 SNDK 的 put 权利金高于 call。AMD 是前六名中唯一标为 Bullish 的名字，但其 $1.0B 中有 $527M 是 put。TSLA 从第六升至第二，NVDA 从 $1.9B 降至 $764M，AAPL 以 $716M 与 SNDK 并列进入前六；10 月 30 日以 $1.5B 排第四的 INTC 降至第七（$475M）。

测试应用，交易日 2026-11-02，Bottom line / glance。采集于 2026 年 11 月 3 日（纽约时间）。

敞口与波动率背景

速览的最大 Net DEX 为 AMD +0M shares-equiv.，最大 Net DEI 幅度为 BRKB 3.7%；步骤 4 同样为 BRKB 3.7%，对应 Positive Net DEX。10 月 30 日最大 Net DEI 为 RDDT 13.9%，对应 Negative。

步骤 5 的活跃标的最高 IV rank 是 APP 84 / 100，30 天隐含波动率 97.3%。TradingFlow 10 月 30 日的 APP 波动率页面显示 IV30 为 93.3%。10 月 30 日该步骤第一个可用读数为 DELL 98 / 100。

指数 GEX：SPX 收窄至 −44.76B，DIA 是唯一 Positive

测试应用，交易日 2026-11-02，Step 6 · T+1。采集于 2026 年 11 月 3 日（纽约时间）。

SPX 上升 54.22B，从 −98.98 至 −44.76，仍为 Negative。SPY（−12.36 至 −6.25）与 QQQ（−12.7 至 −3.45）也收窄，NDX 则从 −1.46 加深至 −3.59。IWM 从 +0.12 Positive 转为 −0.16 Negative，DIA 从 −0.14 转为 +0.01 Positive。

焦点标的：MU 显示 $833

测试应用，交易日 2026-11-02，Step 8。采集于 2026 年 11 月 3 日（纽约时间）。

卡片显示：最新价 $833、权利金 $1.7B、49% calls、23% bullish、成交合约平均 IV 85%。10 月 30 日的卡片为 $885、$2.0B、48% calls、29% bullish、82%。

测试应用，交易日 2026-11-02，Step 8 · prints。采集于 2026 年 11 月 3 日（纽约时间）。

MU 最大一笔为 $28M 的 1,050 call，2027-02-19 到期，标签 Neutral。同一到期日的 1,250 call 在同一分钟成交 $10M，标签 Bearish；2026-12-18 到期的 950 与 1,020 call 在 14:16 一同成交。最大的十二笔中六笔为 call、六笔为 put；10 月 30 日十二笔中九笔为 put。

涨跌榜：NWL +15.9%

测试应用，交易日 2026-11-02，Step 7。采集于 2026 年 11 月 3 日（纽约时间）。

最大涨幅为 NWL，Bottom line 显示 +16%，步骤 7 显示 15.9%（Up）。10 月 30 日为 GDYN +24.9%。

这个交易日证明了什么

如何阅读这些数字

本期读取 TradingFlow 2026 年 11 月 2 日 Daily Market Recap，于 11 月 3 日（纽约时间）采集。纽约时间上午 11:45 至 11:51 之间的三次运行数字一致。这是已完成交易日的报告，不是交易建议。

请分开两个时钟：权利金、情绪与成交记录描述当日成交；GEX 与 IV 是报告的 T+1 / 前收盘快照，不是实时盘中 gamma 地图。中性权利金不提供方向，call 占比是期权类型，不是看多情绪。Net DEI 是相对常态活跃度的幅度；Net DEX 是独立的带符号分类，+0M 读数四舍五入为零。GEX 是 TradingFlow 做市商符号约定下的模型期权链结构，不是已观测的做市商库存、支撑位或下一交易日方向。成交标签不证明谁买谁卖或是否开仓；intraday_pct 是期权成交中标的价格从首笔到末笔的代理变化，不是核验过的日收益率。

成交的情绪标签读取报价方向：Bullish 指在卖价买入 call 或在买价卖出 put，Bearish 则相反。

复现这些读数

1. 打开 11 月 2 日报告，确认交易日 KPI 为 Nov 2, 2026。
2. 同时打开 10 月 30 日报告，对照 KPI、活跃榜与全部六行指数 GEX。
3. 对照两天 MU 的焦点卡片与最大成交。
4. 分开阅读步骤 4–6：敞口幅度、波动率排名与指数结构。

TradingFlow App Home → Cookbooks → Daily Market Recap → 选择已完成交易日。

相关阅读

• 10 月 30 日复盘
• 10 月 29 日复盘
• Cookbooks 中的 Daily Market Recap
• 期权资金流 · Gamma exposure · IV rank