October 8 Recap: Leaned Bearish, MU $1.7B Bearish, SPX GEX Negative
$18.6B in single-name premium, 22% bullish versus 26% bearish. MU led at $1.7B Bearish; SPX GEX was −$35.43B.
This edition reads TradingFlow’s Daily Market Recap for October 8, 2026, captured on October 13. The quoted figures agreed across two runs. This is a completed-session report, not a trade recommendation.
Keep two clocks separate: premium, sentiment, and prints describe the session tape; GEX and IV are the recap’s T+1 / prior-close snapshots. This historical recap is not a live intraday gamma map.
$18.6B, 57% calls, 22% bullish versus 26% bearish. MU led at $1.7B Bearish; SPX net GEX printed −35.43B, Negative.
Open Daily Market Recap or the October 8 session. Sign-in and a paid entitlement may be required.
What the recap printed
Test app, session 2026-10-08, KPI. Captured October 13, 2026.
| Reading | Recap value |
|---|---|
| Single-name premium | $18.6B |
| Call / Put | 57% / 43% |
| Bullish / Bearish | 22% / 26% |
| Overall tone | leaned bearish |
| First 30-minute window | 09:30 · $1.9B |
Sentiment bars: Neutral $9.7B, Bullish $4.2B, Bearish $4.8B. Call share is option type, not bullish sentiment. Neutral premium supplies no direction; rounded buckets need not sum exactly to the rounded KPI total.
Test app, session 2026-10-08, Step 1. Captured October 13, 2026.
Leaders: where premium concentrated
Test app, session 2026-10-08, Step 2. Captured October 13, 2026.
| Symbol | Premium | Call | Put | Net bias |
|---|---|---|---|---|
| MU | $1.7B | $1.2B | $577M | Bearish |
| SNDK | $1.2B | $727M | $479M | Mixed |
| NVDA | $988M | $609M | $379M | Bearish |
| AMD | $765M | $521M | $244M | Bearish |
| TSLA | $716M | $464M | $252M | Bearish |
| LULU | $542M | $4M | $538M | Bearish |
MU, NVDA, AMD, TSLA, and LULU were Bearish; SNDK was Mixed. LULU stood out for its put-heavy premium mix. Option type and sentiment are separate fields, even when they point in the same direction.
The bottom line and glance show MU $1.7B; the leaders table and headline cards show MU $1.7B. Preserve these field readings rather than reconciling them into a new number.
Test app, session 2026-10-08, Bottom line / glance. Captured October 13, 2026.
Exposure and volatility context
The glance lists IREN +1M shares-equiv. as largest Net DEX and PLTR 136% as largest Net DEI magnitude. Step 4 prints PLTR 136%, with Positive Net DEX. DEI is an unsigned activity-relative magnitude; DEX provides a separate signed classification. Neither proves opening intent or actual dealer inventory.
Step 5’s highest IV rank among active names is MCD 65 / 100, with 24.0% 30-day implied volatility. This is snapshot volatility context, not realized session volatility.
Index GEX: SPX Negative
Test app, session 2026-10-08, Step 6 · T+1. Captured October 13, 2026.
| Index | Net GEX ($B) | Regime |
|---|---|---|
| SPX | −35.43 | Negative |
| QQQ | −8.08 | Negative |
| NDX | −3.22 | Negative |
| SPY | +0.76 | Positive |
| IWM | −0.48 | Negative |
| DIA | 0.00 | Positive |
SPX, QQQ, NDX, and IWM were Negative. SPY remained Positive; DIA printed zero with a Positive tag. A rounded zero is not a measurable positive magnitude.
GEX describes modeled chain structure under TradingFlow’s dealer-sign convention. The regime does not establish observed dealer inventory, a support level, a pin target, or the next session’s direction.
Headline name: MU at $1,035
Test app, session 2026-10-08, Step 8. Captured October 13, 2026.
Cards: last $1,035, premium $1.7B, 67% calls, 20% bullish, 60% average IV on traded contracts. The headline name is selected by premium, not by the largest price move.
| Time | Type | Strike | Expiry | Premium | Sentiment |
|---|---|---|---|---|---|
| 09:57 | CALL | 1,000 | 2026-10-16 | $10M | BEARISH |
| 10:51 | CALL | 1,000 | 2028-12-15 | $6M | NEUTRAL |
| 10:52 | CALL | 600 | 2027-06-17 | $5M | NEUTRAL |
| 09:57 | CALL | 920 | 2026-12-18 | $5M | NEUTRAL |
| 10:52 | CALL | 650 | 2027-06-17 | $5M | NEUTRAL |
| 10:51 | CALL | 1,000 | 2027-12-17 | $4M | NEUTRAL |
Test app, session 2026-10-08, Step 8 · prints. Captured October 13, 2026.
The largest listed ticket was 09:57 1,000 CALL, expiry 2026-10-16, premium $10M, tagged BEARISH. The largest listed ticket was a call tagged Bearish. This is a direct example of why call premium should not be treated as bullish premium.
Ticket tags do not prove who bought or sold, whether a position opened, or whether adjacent prints form a single strategy.
Movers: IPSC +14.2%
Test app, session 2026-10-08, Step 7. Captured October 13, 2026.
Bottom line: IPSC +14.2%. Step 7 in both runs: IPSC 14.3%, Up. Keep both displayed fields. The bottom line names the largest gain; Step 7’s key can select a gain or loss across runs.
The intraday_pct reading is a first-to-last underlying-price proxy in the option tape. It is not an independently verified daily stock return, and movers do not prove flow causality.
What this session is evidence of
| Question | TradingFlow reading | Clock |
|---|---|---|
| Size / tone | $18.6B · 22% Bullish / 26% Bearish | Session tape |
| Concentration | MU $1.7B Bearish | Session leaders |
| Relative exposure | PLTR DEI 136% · DEX Positive | Session exposure |
| Volatility | MCD IV rank 65 · IV 24.0% | T+1 |
| Index structure | SPX −35.43B Negative | T+1 |
| Largest print | MU 1,000 CALL 2026-10-16 $10M BEARISH | Session ticket |
Reproduce the findings
- Open the October 8 recap; confirm Oct 8, 2026 in the session KPI.
- Record the KPI strip and Step 1 sentiment before reading the leaders.
- Compare MU’s leaders-table tag, headline cards, and largest ticket.
- Read Steps 4–6 separately: exposure magnitude, volatility rank, and all six index GEX rows.
- Keep both mover fields, the session date, and the snapshot clock. Stop before turning a report into a buy/sell instruction.
TradingFlow App Home → Cookbooks → Daily Market Recap → select the completed session.
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