DAILY MARKET BRIEFING 13 OCTOBER 2026
S&P 500 7,805.45 -0.02% NASDAQ 27,204.38 -0.15% DOW 51,670.10 -0.35% RUSSELL 2,783.37 -0.40% FTSE 10,650.30 -0.06% DAX 25,259.90 -0.07% VIX 15.27 +0.39% US 10Y 5.22% -2 bp BTC 81,762.56 -2.29% ETH 2,444.36 -3.56%
U.S. CLOSE EDITION

FRMI leads, CIFR lags — U.S. market close

SharpeIQ Research Desk · data as of 13 Oct 2026 close

A close-to-close read on the latest session across US equity indices, rates, commodities, the semiconductor complex and options volatility, with notable insider filings and headlines.

1 Movers. FRMI led gainers at +14.46%
2 Vol. 2 semis are realizing above implied (HV/IV > 1).
3 Laggards. CIFR led decliners at -12.77%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: Natural Gas +3.66%; Silver -1.63%; Brent Crude -0.90%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,805.45 -0.02% -0.17% +2.43% +14.02% 6,343.727,818.93
Nasdaq Composite 27,204.38 -0.15% -1.43% +3.89% +17.05% 20,794.6427,599.79
Dow Jones Industrial 51,670.10 -0.35% +0.29% -1.43% +7.50% 45,166.6454,349.12
Russell 2000 2,783.37 -0.40% -1.66% -3.76% +12.15% 2,305.113,068.42
INTERNATIONAL
FTSE 100 (UK) 10,650.30 -0.06% +1.03% -0.44% +7.24% 9,427.0010,910.60
DAX (Germany) 25,259.90 -0.07% -0.74% -0.71% +3.14% 22,300.7526,569.99
RATES & VOLATILITY
CBOE VIX 15.27 +0.39% +1.73% -10.70% +2.14% 13.4731.05
US 10-Year Yield 5.22% -2 bp -5 bp +26 bp +105 bp 3.95%5.31%
US 30-Year Yield 5.56% -4 bp -8 bp +23 bp +72 bp 4.54%5.67%
US 5-Year Yield 5.01% -1 bp -2 bp +22 bp +128 bp 3.51%5.09%
CRYPTO (24H)
Bitcoin 81,762.56 -2.29% -2.81% -5.59% -6.57% 58,558.86114,119.33
Ethereum 2,444.36 -3.56% -6.36% -11.96% -17.62% 1,564.824,120.12
ENERGY
WTI Crude 94.14 +0.43% +5.25% -7.15% +63.95% 55.27112.95
Brent Crude 105.69 -0.90% +5.08% +0.01% +73.69% 58.92118.35
Natural Gas 3.28 +3.66% +5.43% +13.36% -10.93% 2.527.46
METALS
Gold 4,177.30 -0.32% -0.23% -4.01% -3.77% 3,960.505,318.40
Silver 59.16 -1.63% -3.28% -6.85% -15.65% 46.56115.08
Copper 6.68 -0.31% +1.27% +5.50% +18.61% 4.936.80

Table 1. Close-to-close through 13 Oct. Rate changes in basis points; crypto is 24-hour; commodities are front-month contracts. Trend = trailing two weeks.

2 Semiconductors & Technology

Semiconductor and megacap-tech price action by horizon.

SEMICONDUCTOR COMPLEX — PRICE & VOLATILITY
TickerNameSpot1 Day1 WkYTDATM IVIV %ile30d HVHV/IV
NVDA NVIDIA 228.52 +0.97% -4.48% +22.68% 29% 2nd 26% 0.90
AMD Adv. Micro Devices 605.53 +1.90% -6.76% +182.75% 56% 45th 51% 0.92
AVGO Broadcom 357.31 +0.73% -4.92% +3.62% 38% 12th 33% 0.86
AMAT Applied Materials 464.24 -6.69% -12.45% +81.10% 58% 70th 52% 0.89
TXN Texas Instruments 287.85 +2.17% -3.16% +68.71% 46% 78th 28% 0.62
MU Micron 953.19 -3.62% -8.83% +234.16% 45% 1st 50% 1.11
SNDK SanDisk 1,482.33 -0.34% -10.73% +524.45% 62% 0th 67% 1.07
WDC Western Digital 380.71 -1.61% -7.38% +121.16% 67% 23rd 57% 0.84
STX Seagate 747.20 -0.80% -7.25% +171.32% 68% 36th 64% 0.94

Table 2. Price by horizon + at-the-money implied vol (≈30-day, annualized), 52-week IV percentile, trailing 30-session realized vol and HV/IV. HV/IV > 1.0 (highlighted) = realizing more than implied. Memory/storage tickers highlighted.

MEGACAP TECHNOLOGY
TickerNameSpot1 DayYTDTrend
AAPL Apple 341.27 +0.09% +25.87%
MSFT Microsoft 543.45 +0.43% +13.08%
GOOGL Alphabet 353.78 +0.30% +13.25%
AMZN Amazon 258.58 -0.37% +12.03%
META Meta Platforms 762.50 +2.63% +15.72%
TSLA Tesla 375.23 -0.74% -16.56%
NFLX Netflix 70.46 -0.21% -24.85%

Table 3. Same conventions as Table 2 (price only).

IMPLIED VS REALIZED — SEMIS
202040406060IV = HV · parityNVDAAMDAVGOAMATTXNMUSNDKWDCSTX Implied volatility (%) 30-day realized vol (%)
Figure 1. Above the dashed parity line = realizing more than options imply. Memory/storage highlighted.

3 Session Movers

The session's largest one-day moves in the liquid optionable universe.

TOP GAINERS
TickerNameLast1 Day
FRMI Fermi Inc. 3.72 +14.46%
PARR Par Pacific Holdings, Inc. 89.88 +8.13%
PBF Pbf Energy Inc. 91.17 +7.23%
CVI Cvr Energy Inc 63.12 +7.15%
NSIT Insight Enterprises Inc 175.87 +5.88%
CDW Cdw Corp 151.97 +5.71%
TOP LOSERS
TickerNameLast1 Day
CIFR Cipher Digital Inc. 11.34 -12.77%
PDFS Pdf Solutions Inc 47.62 -9.62%
SMMT Summit Therapeutics Inc. 15.52 -9.40%
ASTS Ast Spacemobile, Inc. 47.06 -8.54%
IMNM Immunome Inc. 17.58 -8.20%
BETA Beta Technologies, Inc. 18.21 -8.12%

Table 4. Largest one-day moves, liquid U.S. optionable universe (known market cap ≥ $2B). Bars scaled within each panel.

4 Options & Implied Volatility

ATM implied-volatility movers and the semiconductor vol board.

ATM IV RISERS
TickerNameATM IVΔ 1 DayIV %ile
AMD Advanced Micro Devices Inc 56% +3.02% 45th
AMAT Applied Materials Inc /De 58% +2.70% 70th
AVGO Broadcom Inc. 38% +2.38% 12th
ATM IV CRUSH
TickerNameATM IVΔ 1 DayIV %ile
STX Seagate Technology Holdings Plc 68% -7.46% 36th
SNDK Sandisk Corp 62% -4.60% 0th
TXN Texas Instruments Inc 46% -1.11% 78th
MU Micron Technology Inc 45% -0.95% 1st
WDC Western Digital Corp 67% -0.95% 23rd

Table 5. ATM implied-volatility movers across the semiconductor complex — Δ in vol points vs. prior close; percentile over 52 weeks.

5 Insider Filings, Desk Briefing & Week Ahead

Form 4 flow today: 11 buy / 29 sell prints (buy/sell ratio 0.38), led by NVDA, PANW, ANET.

Insider buy/sell ratio today 0.38 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
10-09 COXE TENCH · Director NVDA Nvidia Corp SELL 500,000 —
10-09 Bawa Aparna · Director PANW Palo Alto Networks Inc SELL 170 $70K
10-09 Bawa Aparna · Director PANW Palo Alto Networks Inc SELL 80 $33K
10-09 Klarich Lee · Director, EVP Chief Product & Tech Ofcr PANW Palo Alto Networks Inc SELL 60,000 —
10-09 Ullal Jayshree · Director, CEO and Chairperson ANET Arista Networks, Inc. SELL 13,860 $3.0M
10-09 Ullal Jayshree · Director, CEO and Chairperson ANET Arista Networks, Inc. SELL 69,272 $15.0M

Table 6. Notable Form 4 filings; value = reported transaction value.

DESK BRIEFING
No fresh headlines for report names in the window.
THE WEEK AHEAD
WhenEvent
Wed 14 Oct BAC earnings — today
Wed 14 Oct FAST earnings — today
Wed 14 Oct ASML earnings — today
Wed 14 Oct MS earnings — today
Wed 14 Oct BLK earnings — today
Wed 14 Oct STT earnings — today
Wed 14 Oct ASML.AS earnings — today
Thu 15 Oct ERIC earnings — tomorrow

Table 7. Upcoming earnings, next three weeks.

For informational purposes only — not investment advice, a recommendation, or an offer to buy or sell any security. Data may contain errors or omissions.

DAILY MARKET BRIEFING sharpeiq.com/research 13 OCTOBER 2026