Daily Summary — May 19, 2026
Summary Generated: 19 May 2026Neutral
DERIV 4,854 · NORMALMACRO 4,011 · NORMALFUSED 4,854 · NORMAL
◉ Derivatives Volatility
Equity options · tactical execution signal
Measures short-term options volatility structure, correlation stress, and market breadth to identify tactical execution risk.
4,854RPM
REGIME · NORMAL
Top drivers:NETNEWLOWSP96-295.6%
◉ Macro Liquidity & Funding Stress
Rates · curve · FX · funding stress
Monitors cross-asset rate, curve, and FX plumbing dynamics to detect systemic liquidity freezes.
4,011RPM
REGIME · NORMAL
Top drivers:MOVEP90+19.0%
Expiration Calendar · MONTHLY OPEX 06/19 (T-31) · VIX SETTLEMENT 05/20 (T-1) · 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 P96 1Y with 1W velocity -295.6% — BROAD PANIC regime.
Secondary Focus: ICE BofA Treasury Vol Index (MOVE) at P90 1Y with 1W velocity +19.0% — FRAGILE regime.
Neutral — Keep gross exposure near benchmark; only trim on further cross-asset confirmation.