October 26 Recap: TSLA Takes the Lead From MU as SPX GEX Narrows to −$29.03B
$13.8B in single-name premium, 26% bullish versus 26% bearish. TSLA led at $1.3B Bullish; SPX GEX was −$29.03B.
TSLA replaced MU at the top of the leaders table on October 26, at $1.3B Bullish against MU's $1.3B Mixed; MU had led every edition from October 13 to October 23. SPX net GEX narrowed from −73.74B on October 23 to −29.03B, and NDX turned Positive (−3.91 to +3.38). Single-name premium slipped 6%, from $14.7B to $13.8B.
$13.8B, 60% calls, 26% bullish versus 26% bearish. TSLA led at $1.3B Bullish; NDX and DIA were the Positive index rows.
Open Daily Market Recap or the October 26 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 2026-10-26, KPI. Captured October 30, 2026 (New York time).
| Reading | Recap value |
|---|---|
| Single-name premium | $13.8B |
| Call / Put | 60% / 40% |
| Bullish / Bearish | 26% / 26% |
| Overall tone | was balanced |
| First 30-minute window | 09:30 · $2.1B |
Sentiment bars: Neutral $6.6B, Bullish $3.6B, Bearish $3.6B.
Test app, session 2026-10-26, Step 1. Captured October 30, 2026 (New York time).
What changed since October 23
| Reading | Oct 23 | Oct 26 |
|---|---|---|
| Single-name premium | $14.7B | $13.8B |
| Call / Put | 54% / 46% | 60% / 40% |
| Bullish / Bearish | 25% / 25% | 26% / 26% |
| Tone | was balanced | was balanced |
| Leader | MU $1.1B Bullish | TSLA $1.3B Bullish |
| SPX net GEX ($B) | −73.74 Negative | −29.03 Negative |
| Positive index rows | DIA | NDX · DIA |
| Largest headline-name ticket | Three MU tickets at $5M | TSLA 440 CALL 2027-01-15 $14M NEUTRAL |
Bullish and bearish premium finished level for a third straight session, so the tone stayed balanced. MU's premium rose from $1.1B to $1.3B while its tag went from Bullish back to Mixed, and TSLA rose from $939M Bearish to $1.3B Bullish.
Leaders: where premium concentrated
Test app, session 2026-10-26, Step 2. Captured October 30, 2026 (New York time).
| Symbol | Premium | Call | Put | Net bias |
|---|---|---|---|---|
| TSLA | $1.3B | $864M | $429M | Bullish |
| MU | $1.3B | $772M | $492M | Mixed |
| META | $727M | $471M | $257M | Mixed |
| NVDA | $623M | $412M | $211M | Mixed |
| SNDK | $561M | $282M | $279M | Bearish |
| AMD | $464M | $288M | $175M | Mixed |
Every top-six name showed more call than put premium, SNDK by only $3M ($282M against $279M), and SNDK was the only Bearish name. The bottom line and glance print TSLA at $1.2B; the leaders table and headline cards print $1.3B.
Test app, session 2026-10-26, Bottom line / glance. Captured October 30, 2026 (New York time).
Exposure and volatility context
The glance lists NVDA +1M shares-equiv. as largest Net DEX and TSLA 247% as largest Net DEI magnitude. Step 4 pairs TSLA's 247% with a Negative Net DEX sign; on October 23 the leader was TSLA at 213%.
Step 5's highest IV rank among active names is MELI 100 / 100, with 130.2% 30-day implied volatility, against CRWV's 70 / 100 and 109.0% on October 23.
Index GEX: SPX narrows to −29.03B, NDX turns Positive
Test app, session 2026-10-26, Step 6 · T+1. Captured October 30, 2026 (New York time).
| Index | Net GEX ($B) | Regime |
|---|---|---|
| SPX | −29.03 | Negative |
| NDX | +3.38 | Positive |
| SPY | −2.9 | Negative |
| QQQ | −1.54 | Negative |
| IWM | −0.06 | Negative |
| DIA | +0.01 | Positive |
SPX recovered 44.71B, from −73.74 to −29.03. NDX crossed from −3.91 to +3.38, while SPY (−14.09 to −2.9), QQQ (−4.84 to −1.54), and IWM (−1.2 to −0.06) moved toward zero. DIA stayed Positive at +0.01.
Headline name: TSLA at $391
Test app, session 2026-10-26, Step 8. Captured October 30, 2026 (New York time).
Cards: last $391, premium $1.3B, 67% calls, 30% bullish, 57% average IV on traded contracts. On October 23 the headline name was MU.
| Time | Type | Strike | Expiry | Premium | Sentiment |
|---|---|---|---|---|---|
| 10:41 | CALL | 440 | 2027-01-15 | $14M | NEUTRAL |
| 09:38 | CALL | 370 | 2027-04-16 | $9M | BULLISH |
| 10:42 | CALL | 400 | 2026-11-20 | $6M | BEARISH |
| 10:19 | CALL | 500 | 2027-12-17 | $5M | NEUTRAL |
| 10:40 | PUT | 430 | 2028-12-15 | $4M | NEUTRAL |
| 10:38 | CALL | 400 | 2027-02-19 | $3M | BULLISH |
Test app, session 2026-10-26, Step 8 · prints. Captured October 30, 2026 (New York time).
The largest TSLA ticket was a $14M 440 call expiring 2027-01-15, tagged Neutral. Five of the six were calls, and all six printed between 09:38 and 10:42.
Movers: RPD and NAUT
Test app, session 2026-10-26, Step 7. Captured October 30, 2026 (New York time).
Bottom line: RPD +20.2% in the first two runs, +20.5% in the run captured here. Step 7: NAUT −22.2%, Down in the first two runs, RPD 20.2%, Up in the captured run. October 23's largest gain was NAUT +26.9%.
What this session is evidence of
| Question | Oct 26 | Oct 23 | Clock |
|---|---|---|---|
| Size / tone | $13.8B · 26% / 26% · was balanced | $14.7B · 25% / 25% · was balanced | Session tape |
| Concentration | TSLA $1.3B Bullish | MU $1.1B Bullish | Session leaders |
| Relative exposure | TSLA DEI 247% · DEX Negative | TSLA DEI 213% · DEX Negative | Session exposure |
| Volatility | MELI IV rank 100 · IV 130.2% | CRWV IV rank 70 · IV 109.0% | T+1 |
| Index structure | SPX −29.03B Negative · NDX, DIA Positive | SPX −73.74B Negative · DIA Positive | T+1 |
| Largest headline-name print | TSLA 440 CALL 2027-01-15 $14M NEUTRAL | Three MU tickets at $5M | Session ticket |
How to read these numbers
This edition reads TradingFlow's Daily Market Recap for October 26, 2026, captured on October 30 (New York time). Three runs printed the same figures apart from the movers above. 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 an unsigned 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.
Reproduce the findings
- Open the October 26 recap; confirm Oct 26, 2026 in the session KPI.
- Open the October 23 recap beside it and compare the KPI strip, leaders, and all six index GEX rows.
- Compare the headline name's cards and largest tickets on both days: TSLA on October 26, MU on October 23.
- 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
Educational and informational only, not financial advice. Options-flow reads are statistical inferences. Dealer exposure levels, including GEX, DEX, DEI, walls, and magnets, are modeled estimates, not guarantees.
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