StrikeGex @strikegex

Week-ahead SPX positioning, Oct 26-30: weekly King Node 7650 · Call Wall 7800 · Put Wall 7650 Net GEX across the week's expiries $-403M.

$SPXW 7200P Dec leads the size on today's HIGH prints: $8.3M of puts bought, score 78. strikegex.com

Signals (HIGH ≥70) as of 14:12 ET. 42 of 319 prints clear the bar. $SPXW 7200P Dec 11. Puts bought. Score 78. $8.3M. Whale size, floor ticket, unusual turnover. 49D. $SPY 720P Feb 19 '27. Puts bought. Score 80. $280K. Sweep, first print on the strike. 119D. $DOCN 90P Nov 6. Puts sold. Score 80. $1.0M. Whale size, floor ticket. 14D. The flow split by product. Index downside is getting bought, led by an $8.3M $SPXW December put, with $QQQ 700P and 706P for Monday swept inside the same hour. On single names the HIGH puts are being sold: $DOCN, $VRSN, $TJX and $DKS, all floor tickets.

Flow vs positioning: at 7:40 PT the open-interest board had $SPX 7625 (+$19.4M), 7640 (+$10.3M) and 7650 (+$25.7M) as longs. On LIVE FLOW, built from today's trades, all three print short: 7625 (−$6.3M), 7640 (−$3.5M), 7650 (−$4.1M).

Invalidation: $SPX 7625 (−$6.3M) is the heaviest short, 13 points above today's 7612 low. Lose it and 7600 (+$17.0M) is the biggest long left under spot.

Fri morning tape · LIVE FLOW · $SPX flushed to 7612 and bounced, and today's trades print longs stacked overhead with the shorts sitting right under spot. $SPX 7653 (−0.14%). Opened 7637 under Thursday's 7663 close, dropped to 7612, and is back near the high of the day. Spot sits on ATM 7655 (−$1.3M), inside the main short cluster on the board: 7625 to 7655 holds $15.2M of shorts, led by 7625 (−$6.3M), the heaviest $SPX short. Overhead every strike from 7660 to 7730 prints long, $98.7M in total, topped by Main 7700 (+$28.6M) and 7690 (+$13.3M). Under 7625, 7600 (+$17.0M) is the biggest long left. The map: 🟢 7700 — Main, heaviest $SPX long 🟢 7660–7730 — $98.7M of longs, every strike 🔴 7625–7655 — $15.2M short cluster under spot 🟢 7600 — biggest long under the shorts ➡️ 7625–7660 chop inside the short cluster 🚀 hold 7660, toward 7690 and Main 7700 💥 lose 7625, toward 7600 $SPY 762.80 (−0.15%). Spot sits right under ATM/Flow 763 (−$19.5M), the heaviest $SPY short, and 764 (−$16.5M) stacks on top of it: $36.0M of shorts in two strikes. Just past them, Main/GW 765 (+$22.9M) is the first big long. Below, 757 to 759 holds $53.6M of longs, and 755 (+$29.3M) is the heaviest long on the board. The map: 🟢 765 — Main/GW, first big long over the lid 🔴 763–764 — $36.0M short lid at spot 🟢 757–759 — $53.6M long shelf 🟢 755 — heaviest $SPY long ➡️ 759–765 between the shelf and Main 🚀 clear 764, into Main 765 and the 766–767 longs 💥 lose 757, toward 755 $QQQ 708.22 (+0.53%), the only one green. It bounced off a 701.16 low and climbed through a short stack: 702 to 706 is $58.5M of shorts, led by 705 (−$21.2M), the heaviest $QQQ short, and Main 706 (−$19.2M). Spot sits on ATM/PW 708 (−$11.1M). Overhead, GW 710 (+$14.9M) is the heaviest long, then Press 711 (−$7.3M) caps it. Sup 700 (+$11.0M) is the floor. The map: 🟢 710 — GW, heaviest $QQQ long 🔴 711 — Press, first short over GW 🔴 702–706 — $58.5M short stack under spot 🟢 700 — Sup ➡️ 706–710 between Main and GW 🚀 clear 711, toward the 715–716 longs 💥 lose 705, back through the short stack toward 700 Thursday's Nasdaq drop on $META AI spending is still the backdrop, and Brent is over $114.

$SPY is parked on a $100.8M king long at 760, with 764 to 768 shorts as the lid. strikegex.com

Fri 10/23 Expected Move · DEALER POSITIONING $SPX 7633 (−0.40%). Overnight OI rebuilt the floor. 7600 to 7650 now holds $144.7M of longs, led by the 7600 king long (+$37.1M), 7650 (+$25.7M) and 7625 (+$19.4M). Spot is sitting in the middle of it. Above 7650 the ladder goes quiet: 7655 to 7710 adds only $19.6M of longs, and the biggest short on the board is 7710 at under $1M. $SPY 760.80 (−0.41%). Parked on the 760 king long (+$100.8M), with 761 (+$50.9M) right above and 755 (+$63.3M) under. 755 to 762 is $350.0M of longs. The lid is 764 to 768, $56.1M of shorts, then the 770 king short (−$16.6M). $QQQ 707.39 (+0.42%), the only one green. Main and GW sit at 711, the king long at +$85.3M, with the 712 king short (−$5.9M) right on top of it. Under spot, 700 to 705 holds $138.8M of longs, led by 700 (+$60.8M). All three open inside heavy long OI, where dealer hedging tends to slow moves in both directions. The tests are the edges: 7650 and 7600 on $SPX, 764 and 755 on $SPY, 711 and 705 on $QQQ. UMich sentiment and inflation expectations came out at 7 PT.

SPX opens near 7635 with the 0DTE dealer range framed 7600-7650 and the King Node at 7625. Net GEX +58M. Positive net gamma: dealer hedging leans against price moves. SPY 760.15 · King 759 · Call Wall 765 · Put Wall 759 QQQ 703.82 · King 706 · Call Wall 704 · Put Wall 701

$MOH 210P Jan '27 leads the latest HIGH prints at 82, $668K of puts sold on a floor ticket. strikegex.com

Signals (HIGH ≥70) as of 14:15 ET. 87 of 500 prints clear the bar. $MOH 210P Jan 15 '27. Puts sold. Score 82. $668K. Floor ticket, repeat x2. 85D. $XLY 108P Mar 19 '27. Puts bought. Score 77. $6.8M. Whale size, floor ticket, unusual turnover. 148D. $KORU 11C Dec, 12C Jan, 15C Mar. Calls bought. Scores 72, 74, 73. $1.3M across three strikes in three minutes. The size print is a $6.8M $XLY put buy, five months of consumer discretionary downside. Right next to it, a buyer is laddering $KORU calls, the 3x South Korea ETF, out to March. $MOH carries the top score: a floor desk selling January puts.

Flow vs positioning: at 7:40 PT the open-interest board had $SPX 7670 to 7700 as $159.1M of longs with no short strike on the ladder. On LIVE FLOW, built from today's trades, 7655 to 7685 now prints $26.5M of shorts.

Invalidation: $SPX 7640 (−$7.3M) is the heaviest short, and today's low was 7646. Under it, Sup 7630 (+$11.0M) and 7620 (+$12.5M) are the biggest longs left on the ladder.

Thu morning tape · LIVE FLOW · gap down 1.3%, and today's trades print $SPX short right where the open interest sits long. $SPX 7656 (−1.30%). Opened 7695 under yesterday's 7757 close and dropped to 7646. Spot sits on ATM/PW 7655 (−$4.4M), inside a short pocket: 7655 to 7685 is $26.5M of shorts, with Press 7660 (−$4.4M) right overhead. The heaviest short is 7640 (−$7.3M), 16 points under spot. Overhead, 7690 to 7730 holds $147.3M of longs, topped by Main/GW 7700 (+$30.3M). Under 7640 the longs come back: 7620 to 7635 holds $37.8M, led by 7620 (+$12.5M) and Sup 7630 (+$11.0M). The map: 🟢 7700 — Main/GW, heaviest $SPX long 🔴 7655–7685 — $26.5M short pocket at spot 🔴 7640 — heaviest $SPX short 🟢 7620–7635 — $37.8M long shelf, Sup 7630 ➡️ 7640–7690 chop through the short pocket 🚀 reclaim 7690, into 7700 and the 7710–7720 longs 💥 lose 7640, toward Sup 7630 and 7620 $SPY 763.11 (−1.29%). Spot sits on ATM/Flow 763 (−$60.8M), the heaviest $SPY short, inside $208.3M of shorts from 760 to 764. Every strike from 757 to 765 is short, $250.0M in total. Overhead, GW 768 (+$67.5M) is the heaviest long on the board, with 769 (−$38.0M) sitting right on top of it. Flip 766 (+$19.1M) is the first long over spot. The map: 🟢 768 — GW, heaviest long on the board 🔴 763 — ATM/Flow, heaviest $SPY short 🔴 760 — second-biggest short (−$54.5M) ➡️ 760–766 inside the short stack 🚀 reclaim Flip 766, toward GW 768 with 769 as the lid 💥 lose 760, through 759–757 shorts $QQQ 708.14 (−2.35%), the weakest of the three. Spot sits on ATM 708 (+$10.6M) with Flow 709 (−$14.9M) and 710 (−$12.9M) right overhead. Above GW 711 (+$11.1M), 714 (−$27.7M) is the heaviest $QQQ short, sitting under the heaviest long at 715 (+$31.7M). Below, Main/PW 705 (−$17.3M) leads $27.8M of shorts from 705 to 707, and 702 (+$7.8M) is the next real long. The map: 🟢 715 — heaviest $QQQ long 🔴 714 — heaviest $QQQ short, the lid under 715 🔴 705 — Main/PW short ➡️ 705–711 between Main and GW 🚀 clear 714, into 715 and the 717 and 720 longs 💥 lose 705, toward 702 Oil is spiking again with Brent near $112 after more Houthi attacks on Saudi. $WDC and $NEM report after the close.

$SPX is leaning on the bottom of $159.1M in longs from 7670 to 7700, and the ladder under 7650 is thin. strikegex.com

Thu 10/22 Expected Move · DEALER POSITIONING $SPX 7649 (−1.39%). Gapped under yesterday's 7757 close and landed at the bottom of the long OI. Spot sits on 7650 (+$16.0M), and 7670 to 7700 holds $159.1M of longs, led by the 7700 king long (+$38.7M) and 7685 (+$34.8M). Under spot it thins out: 7575 to 7645 adds up to only $42.9M across 15 strikes. Not one short strike on the visible ladder. $SPY 762.41 (−1.38%). Same shape. 764 to 768 holds $134.5M long, with the 768 king long at +$33.2M. 760 to 762 adds $41.5M, then every strike from 758 down is under $3M. The shorts sit well overhead: Press 771 (−$6.5M) and the 776 king short (−$16.9M). $QQQ 708.23 (−2.34%), the weakest of the three. Spot is right on its king long, 708 at +$32.5M, with 710 to 715 stacking $99.1M more above. The whole 693 to 707 range below adds up to $33.0M. All three fell through most of their long OI and are leaning on the last of it. Long positioning is where dealer hedging tends to slow a move, so these levels are the test. Lose them and the ladders underneath are thin. Next catalyst: $WDC and $NEM after the close.