Daily Market Readout SPX Market Maker Exposure robinhood:0x117cc2133c37b721f49de2a7a74833232b3b4c0c GEX / VEX / CEX Gamma, Vanna, Charm Target This Week: 7800 Date range 10/19/26 -10/23/26 (Bottom Row) Target Next Week: 7650 Date range 10/26/26 -10/30/26 (Mid Row) Alright, So SPX Let's talk about this week, we have a lot going on right now. The levels are slightly misleading and we'll call the data "Sloppy Choppy" we have a chop range but the support and resistance levels are sloppy. This weeks downside The support at 7680 the 7680 support lacks a hard charm support at that level and suggests it would find support at 7600 but as we move closer we have positions at 7550 to 7450 of support which is a little more definitive unless something changes the data. so yeah there's a real direction to the downside but it's not absolutly confirmed until we test that 7680 support and see hif it can clear under 7650 This weeks upside The resistance starts at 7750 and hard 7775. The biggest issue with this resistance is that we have significant gamma build up at 7800 as well the charm also suggests we should stop at 7750 the gamma leaks over that zone and the vanna continues to support the move to 7800 as well as the market maker positioning. they'll usually sell positions earlier than the strike and they're sitting at 7800-7850 long. so the negative charm at 7750 seems to be a soggy resist zone. and this mild downside we're watching right now is just continuing to build up the vanna level at 7800. Lastly, I included my Vix contango chart people say we're in a reversal but now we're in Vix backwardation and normalizing the base line 0 tells us that the market is actually fearful and adjusting their portfolios accordingly. TLDR we're in a chop range this week 7680-7750 tails 7400 and 7900. respect 7800 as upside respect 7900 as an old target to the upside 7680 has been support and a flip level 7600 has been a support level for 2 months or so 7400 the floor for now

So we're going to have Iran Israel dog fights over Iraq?... wonderful...

My head hurts

Kushner and Witkoff Travel to Norway for Ukraine Talks

NVIDIA Runs Record Quantum Simulation at Jülich Researchers Use JUPITER, Europe’s First Exascale Supercomputer, to Understand Quantum’s Most Complex and Critical Computations nvidianews.nvidia.com/news/n…

VW plans to freeze salaries until 2030, works council says Thoughts: 1. This is to encourage people to quit so they dont have to pay severance packages, legal issues, and im sure a number of things that go into firing someone. 2. cost savings hiring freezes. reuters.com/business/world-a…

US Energy Secretary Chris Wright announced investors can buy and refurbish sanctioned tankers for non-sanctioned crude via an approval process.

NYSE Launches 23-Hour Options Trading for 29 Stocks and ETF's starting December 6. list of stocks and brokerage firms in this transition.

Iran's Supreme National Security Council secretary explicitly named Gulf AI data centers, undersea fiber-optic cables, and US-linked cloud infrastructure as military targets Sunday The Hormuz bundle and the Abu Dhabi AI/data-center zone give the best combination of reachability, concentration, and strategic pain relative to Iran’s own limited cable footprint. Fujairah is the logical next step if the goal is to keep the UAE offline longer. Now if they targeted the Red Sea cables that a totally different story. TeleGeography estimates that more than 90% of data capacity between Europe and Asia runs through the Red Sea. Hormuz cuts → serious, prolonged degradation for Gulf international connectivity, cloud/AI sites, and banking. Limited global spillover. Red Sea cuts → broader impact on Europe–Asia traffic, with more noticeable effects farther afield.

Iranian navy claims US forces hit Konark naval base, wounded two personnel “two light projectiles” early this morning, Al Jazeera reports. “The target of the American forces in the attack on the Iranian navy this morning was a 35mm cannon,” the navy claims.

Apple Sets Oct 28 'Pro and Tell' Event $AAPL Rumors on announcements - New 14-inch and 16-inch touchscreen MacBook Pro models with OLED displays. - revamped iPad mini with an OLED screen, a “revamped speaker system,” and a relocated FaceTime camera - New iMac and entry-level 14-inch MacBook Pro models powered by the M6 chip the rumors are underwhelming even. sheesh 9to5mac.com/2026/10/19/apple…

U.S. sets first deep-sea mining lease sale for November 19 The Trump administration has scheduled the first offshore mineral lease sale in U.S. history, opening more than 31 million acres of seabed near American Samoa to companies seeking critical minerals. The Department of the Interior’s Marine Minerals Administration issued its Final Leasing Notice for the November 19 auction, clearing the final major administrative step before companies can bid on rights to explore and potentially develop mineral deposits on the U.S. Outer Continental Shelf.

North-South Transport Corridor: Iran-Russia New Railway to Circumvent Western Pressure I said this last month. We'll likely need a stronger control of the Caspian. due to our deal deal to purchase potash from Belarus, but to also cut off iran xitter.cf/PugetPointCap/status/2…

Rumor Tesla $TSLA proxy shows a board getting ready for a SpaceX merger three of its nine board directors now have direct ties to SpaceX back in feb 2026 Thoughts: the only issue with this is that all the different interlinking that are going on right now how a few hurdles that make a merger more difficult. It's not impossible but it's murky at best 1. The Fiduciary Conflict of Interest - Because Elon Musk, Kimbal Musk, and Ira Ehrenpreis sit on both sides of the table, they owe a fiduciary duty to both sets of shareholders - In a merger, SpaceX wants to buy Tesla as cheaply as possible, while Tesla shareholders want the highest premium possible. - Directors with ties to both companies cannot honestly negotiate for either. 2. Loss of the "Business Judgment" Protection Entire Fairness is the highest and strictest level of judicial scrutiny used in Delaware corporate law. It is triggered whenever a major corporate transaction like a merger, acquisition, or buyout that involves a clear conflict of interest. 3. The "Majority of the Minority" Hurdle - the overlapping board members will be forced to recuse themselves from voting. - a majority of Tesla's everyday, retail, and institutional investors (excluding Musk) would have to vote "Yes".