Daily Summary — May 18, 2026
Summary Generated: 18 May 2026Neutral
DERIV 4,811 · NORMALMACRO 4,069 · NORMALFUSED 4,811 · NORMAL
◉ Derivatives Volatility
Equity options · tactical execution signal
Measures short-term options volatility structure, correlation stress, and market breadth to identify tactical execution risk.
4,811RPM
REGIME · NORMAL
Top drivers:NETNEWLOWSP94-327.9%
◉ Macro Liquidity & Funding Stress
Rates · curve · FX · funding stress
Monitors cross-asset rate, curve, and FX plumbing dynamics to detect systemic liquidity freezes.
4,069RPM
REGIME · NORMAL
Top drivers:VXTLTP86+25.1%
Expiration Calendar · MONTHLY OPEX 06/19 (T-32) · VIX SETTLEMENT 05/20 (T-2) · QUAD WITCHING
Cross-asset volatility remains suppressed across the tape in Subdued/Elevated territory. Credit spreads, FX vol, and rates plumbing are calm, indicating no immediate systemic contagion.
Primary Focus: NYSE+Nasdaq Cumulative Net New 52W Lows (NETNEWLOWS) at P94 1Y with 1W velocity -327.9% — BROAD PANIC regime.
Secondary Focus: CBOE 20+ Year Treasury Bond ETF Volatility (VXTLT) at P86 1Y with 1W velocity +25.1% — FRAGILE regime.
Neutral — Keep gross exposure near benchmark; only trim on further cross-asset confirmation.