Chips are the headline before the bell — SMCI, DELL, AMKR, and VRT are all bid sharply on Nvidia partnership announcements, pulling the semiconductor complex higher and briefly interrupting the AI infrastructure sector's month-long losing streak. Whether it holds is the question for today: NFLX is extending its post-earnings slide into a second session, and Abbott and AT&T are both down sharply after their own quarters, keeping yesterday's "earnings punish misses" read intact. Healthcare drags; chips and tech lead. With TSLA and IBM reporting tonight, the session opens in a split mood — Nvidia-ecosystem names bid while the post-earnings softness pattern persists in parallel. The deeper fault line from overnight is unchanged: more voices are publicly bearish on long-duration Treasuries than actually hold that position, and the hyperscalers will start answering the capex question next week.
Read the full edition →SPY +0.2%, QQQ +0.6%, IWM +0.3%. 132 liquid stocks up 2% or more, 25 down. Leading chips +1.6%, lagging health care -0.9%.
Up: SMCI +12.4%, ROIV +9.1%, AMKR +8.3%, DELL +6.6%
Down: NFLX -6.8%, ISRG -6.5%, TWST -5.1%, T -4.3%
Liquid = average daily volume of $50M or more; names with $1M or more traded since 04:00 ET; ETFs left out.
Its move, its options volume, the put at the bid and the ten-year one-lot history, for every stock you follow. Follow from any stock page.
Find a stock →| AI & data centers | 0 up · 22 down of 39 | 56% vs 47% market | 10 pts fewer of its names moving than last edition |
| Defense & drones | 0 up · 10 down of 17 | 59% vs 47% market | 1 8-K filed into the theme: MMS |
| Energy (oil & gas) | 10 up · 2 down of 20 | 60% vs 47% market | 10 pts more of its names moving than last edition; 2 new dated views (2 bullish): Sarah Hunt, Katarina Simonetti |
| Nuclear & uranium | 1 up · 7 down of 11 | 73% vs 47% market | 6 pts more of its names moving than last edition |
| Power & the grid | 0 up · 7 down of 9 | 78% vs 47% market | 1 8-K filed into the theme: CWEN |
| Robotics & autonomy | 0 up · 7 down of 11 | 64% vs 47% market | 10 pts more of its names moving than last edition |
| Space | 0 up · 9 down of 12 | 75% vs 47% market | 1 8-K filed into the theme: IRDM |
| Name | Price | IV | Own-yr pctile | Why today | Example contract (last close) |
|---|---|---|---|---|---|
| CAT Machinery Earnings in 9d | $733.96 | 51.3 | 94 | high vol, top of its year | Nov 27 $655p · $9.4 bid ≈ 1.44% / 38d |
| Name | Play | Entry → exit | Return |
|---|---|---|---|
| SKDD 2026-10-20 | institutional oi build held since 2026-09-15 | $7.72 → $11.53 | +49.4% |
A close is the play’s own exit rule (hold window or a published close); the per-pick exit email is retired in favour of this section.
| Name | What | Volume vs normal | Calls / puts | Stock move |
|---|---|---|---|---|
| SKE $31.40 | long-dated call build | 6.0× 2,575 contracts | 98% calls · 2% puts | -0.32% day · -0.3% week |
| PAGP $27.69 | long-dated call build | 3.5× 6,418 contracts | 95% calls · 5% puts | +1.39% day · +2.2% week |
| POWL $169.00 | long-dated call build | 4.4× 3,114 contracts | 98% calls · 2% puts | +1.93% day · -9.1% week |
| MMM $171.18 | options volume out of the ordinary | 7.5× 44,637 contracts | 67% calls · 33% puts | +0.22% day · +5.2% week |
| ELAN $22.74 | downside bought | 9.1× 2,047 contracts | 6% calls · 94% puts | -3.19% day · +1.5% week |
This is activity, not a reading on premium: who traded size, in what, leaning which way. Volume = settled options volume against the name’s own normal, with the contracts traded under it. Calls / puts = the split of that volume. Stock move = last session and last five sessions.
Board delta: 82 new ideas from 193 new videos since the last edition. Convergence lives in Idea Scout on Sunday.