Someone is buying the $GOOGL dip
They just loaded $3.3M+ of $GOOGL calls across 4 expiries in 25 minutes
$1.2M of it on a brand new Nov 280 strike position
Someone just loaded $21 MILLION+ of $LITE puts in under 40 minutes
$16.8M of it on one Jan '27 1,050 strike
This ticker does not typically see premium like this
$QQQ dealers got a lot shorter gamma overnight
Net GEX went from −2B to −5.5B, and the biggest strike is the 720 put wall, now sitting right above price at 716
When dealers are this short gamma, moves stretch instead of getting pinned
2026 just broke the 2020 record for corporate bond sales: $1.76 TRILLION
And BofA expects November to be the biggest November ever with $175B, up 27% from last year
The AI buildout runs on debt
Big Tech's debt raising is the highest on Bloomberg's chart going back to 2016
At least 18 data-center financings now yield double digits
One $5B loan just priced above 11%
Retail just dumped Communication Services at a record pace
$4.8B out last week alone
This was the biggest outflow since the sector was created in 2018
And Retail did 70% of the selling
The midterms are 1 week away
After the last 9 midterms with a Republican president and a divided Congress, the S&P 500 was up 6 months later every single time
Average gain: +15.7% (SocGen)