DAILY MARKET BRIEFING 14 OCTOBER 2026
S&P 500 7,718.94 -1.11% NASDAQ 27,204.38 -0.15% DOW 51,621.48 -0.09% RUSSELL 2,729.53 -1.93% FTSE 10,724.90 +0.70% DAX 25,298.61 +0.15% VIX 16.87 +10.48% US 10Y 5.22% -2 bp BTC 81,562.49 -0.24% ETH 2,418.21 -1.07%
U.S. CLOSE EDITION

LQDA leads, PSKY lags — U.S. market close

SharpeIQ Research Desk · data as of 14 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. LQDA led gainers at +26.59%
2 Vol. 2 semis are realizing above implied (HV/IV > 1).
3 Laggards. PSKY led decliners at -23.84%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: Silver -6.10%; Natural Gas -2.59%; Gold -1.66%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,718.94 -1.11% -1.06% +1.76% +12.76% 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 51,621.48 -0.09% +0.86% -0.91% +7.40% 45,166.6454,349.12
Russell 2000 2,729.53 -1.93% -2.28% -4.90% +9.98% 2,305.113,068.42
INTERNATIONAL
FTSE 100 (UK) 10,724.90 +0.70% +2.55% +0.63% +7.99% 9,507.4010,910.60
DAX (Germany) 25,298.61 +0.15% +0.77% -0.41% +3.30% 22,300.7526,569.99
RATES & VOLATILITY
CBOE VIX 16.87 +10.48% +11.87% -1.92% +12.84% 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 81,562.49 -0.24% -0.84% -5.35% -6.80% 58,558.86114,119.33
Ethereum 2,418.21 -1.07% -4.42% -12.15% -18.50% 1,564.824,120.12
ENERGY
WTI Crude 95.09 +1.01% +5.41% -10.15% +65.60% 55.27112.95
Brent Crude 106.43 +0.70% +4.76% -2.13% +74.91% 58.92118.35
Natural Gas 3.20 -2.59% +2.11% +9.56% -13.24% 2.527.46
METALS
Gold 4,107.90 -1.66% -1.37% -5.19% -5.37% 3,960.505,318.40
Silver 55.55 -6.10% -9.03% -12.15% -20.79% 46.56115.08
Copper 6.77 +1.34% +1.99% +6.27% +20.20% 4.936.80

Table 1. Close-to-close through 14 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 221.30 -3.16% -6.81% +18.80% 29% 2nd 28% 0.95
AMD Adv. Micro Devices 570.82 -5.73% -11.62% +166.54% 56% 45th 54% 0.96
AVGO Broadcom 346.25 -3.10% -8.04% +0.59% 38% 12th 35% 0.92
AMAT Applied Materials 446.63 -3.79% -14.22% +74.41% 58% 70th 50% 0.86
TXN Texas Instruments 280.65 -2.50% -2.88% +64.49% 46% 78th 28% 0.61
MU Micron 914.13 -4.10% -15.98% +220.47% 45% 1st 51% 1.13
SNDK SanDisk 1,403.34 -5.33% -17.08% +491.18% 62% 0th 69% 1.11
WDC Western Digital 364.10 -4.36% -10.19% +111.51% 67% 23rd 58% 0.86
STX Seagate 713.54 -4.50% -11.64% +159.10% 68% 36th 65% 0.96

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 342.96 +0.50% +26.50%
MSFT Microsoft 533.69 -1.80% +11.05%
GOOGL Alphabet 347.64 -1.74% +11.28%
AMZN Amazon 254.08 -1.74% +10.08%
META Meta Platforms 737.54 -3.27% +11.93%
TSLA Tesla 367.16 -2.15% -18.36%
NFLX Netflix 70.57 +0.16% -24.73%

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
LQDA Liquidia Corp 33.94 +26.59%
NRIX Nurix Therapeutics, Inc. 23.67 +6.96%
HALO Halozyme Therapeutics, Inc. 116.82 +6.57%
LEGN Legend Biotech Corp 19.04 +6.49%
NVD Graniteshares 2x Short NVDA Daily ETF 3.83 +6.09%
CHWY Chewy, Inc. 20.83 +5.68%
TOP LOSERS
TickerNameLast1 Day
PSKY Paramount Skydance Corp 7.06 -23.84%
CRWV Coreweave, Inc. 65.78 -15.46%
FRMI Fermi Inc. 3.16 -15.05%
DOCN Digitalocean Holdings, Inc. 109.29 -14.76%
VNET Vnet Group, Inc. 4.49 -14.64%
PENG Penguin Solutions, Inc. 67.59 -13.57%

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: 13 buy / 27 sell prints (buy/sell ratio 0.48), led by MSFT, META.

Insider buy/sell ratio today 0.48 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
10-14 Hood Amy · EVP, Chief Financial Officer MSFT Microsoft Corp SELL 3,387 $1.8M
10-14 Hood Amy · EVP, Chief Financial Officer MSFT Microsoft Corp SELL 2,927 $1.6M
10-14 Hood Amy · EVP, Chief Financial Officer MSFT Microsoft Corp SELL 991 $542K
10-14 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 946 $689K
10-14 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 57 $42K
10-14 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 82 $60K

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

DESK BRIEFING
• FRMI — Fermi Inc. issued a Regulation FD disclosure (SEC 8-K).
THE WEEK AHEAD
WhenEvent
Thu 15 Oct ERIC earnings — today
Thu 15 Oct PNC earnings — today
Thu 15 Oct JBHT earnings — today
Thu 15 Oct TSM earnings — today
Thu 15 Oct PLD earnings — today
Thu 15 Oct USB earnings — today
Thu 15 Oct SNA earnings — today
Thu 15 Oct WIT earnings — today

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 14 OCTOBER 2026