πŸ“‹Morning Board 2026-08-24

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

SymbolPrev closeChangeVIX / VXN (pct)GEX ($B/1%)Expected range
QQQ$713.44+0.35%22.0 (36th pctile)-0.83B flip 712.61.11% (0.68–1.88)
SPY$765.72+0.41%15.1 (10th pctile)-5.36B flip 768.70.69% (0.40–1.20)
QQQ RSI(2)37 neutral
QQQ vs 200-day+9.3%
QQQ GammaDealers short gamma ($-0.83B per 1% move), flip 712.6 sits -0.5% above spot
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 15.13 10% pctile Β· Depressed (complacency)
13.5 ─ median 17.2 ─ 31.1
2026-08-21
VXN Β· QQQ 21.98 36% pctile Β· Near median
17.2 ─ median 23.3 ─ 33.5
2026-08-21
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.