πŸ“‹Morning Board 2026-08-21

Pre-open snapshot: prior close, VIX percentile, RSI(2), dealer gamma, expected range.

SymbolPrev closeChangeVIX / VXN (pct)GEX ($B/1%)Expected range
QQQ$710.93-0.72%23.3 (50th pctile)β€”β€”
SPY$762.60-0.84%16.0 (24th pctile)-9.21B flip 766.0β€”
QQQ RSI(2)8 oversold
QQQ vs 200-day+9.8%
How to read this Β· VIX

Οƒ Volatility Indices (VIX / VXN)

VIX = S&P 500 30-day implied volatility (maps to SPY); VXN = the same measure for the Nasdaq 100 (maps to QQQ). Percentile = share of the past year (252 trading days) that closed below the current value.
Index Current Percentile 1-year range As of
VIX Β· SPY 16.01 24% pctile Β· Near median
13.5 ─ median 17.2 ─ 31.1
2026-08-20
VXN Β· QQQ 23.26 50% pctile Β· Near median
17.2 ─ median 23.3 ─ 33.5
2026-08-20
CBOE official daily closes (VIX from 1990, VXN from 2009). These are closing values, not intraday β€” the morning brief uses the prior session's close and the evening review the current close, so the series stays consistent with history with no point-in-time bias.

Full report: Morning report Β· Evening report

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Research output, not investment advice.