The Desk

Today's market on one screen, written up. The live screen is mrkts Pro.

The market is

Fri 5:35 PM ET
Choppy

At the close, the Nasdaq proxy was down about 1.2% as the chip ETF fell about 3.0%, with AMD off about 8.8%, while the equal-weight S&P rose about 0.2% and the Dow proxy edged up after a cooler producer price report.

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Sun, Nov 15
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Dealer levels

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Illustration, not live levels
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Stories we're tracking

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Can the average stock catch up?, HeatingNvidia's CEO shake-up, SteadyHike bets weigh on long bonds, SteadyThe AI spending boom, CoolingOil's Middle East run, Played out

Biggest prints

Whale Wednesday · Nov 11
MUputs · $700 · Feb 19, 2027$19.4M
MUcalls · $600 · Jan 15, 2027$19.3M
SNDKputs · $870 · Nov 20, 2026$15.3M
Big money, as it prints, is live in Pro →
SAT
Nov 14
SPAGHETTI SATURDAY10:55 AM·4 MINThe Nasdaq 100 slips back under its 200-day with Nvidia's report nextThe S&P 500 closed the week at 7,561.67, about 3.0% above its 200-day average, while the Nasdaq 100 won back its own on Wednesday and lost it again Friday. Nvidia's Tuesday report is the test of that 28,039 line.
FRI
Nov 13
Choppy
VIBE CHECK FRIDAY6:15 PM·3 MINOne Euphoric Monday, then four Choppy days as Nvidia lost its CEOThe week closed Euphoric, Choppy, Choppy, Choppy and Choppy. Monday's rally made almost all of the S&P proxy's 2.6% gain, and Nvidia's CEO shake-up won the week as the stock fell about 13% while rival chipmakers rose.
THU
Nov 12
Choppy
THESIS THURSDAY11:36 AM·3 MINHuang is out: is Nvidia's CEO story over, or just starting?Jensen Huang resigned as Nvidia's CEO this morning, and the stock is down about 5.3% after trading as low as about 14.3% under Wednesday's close. Its Nov 17 earnings report, the first under interim CEO Colette Kress, is the test of whether the discount stays.
WED
Nov 11
Choppy
WHALE WEDNESDAY11:54 AM·4 MINTraders cashed in hedges at last week's low and put $46M into Micron callsThe week's biggest single-stock bet was about $46.2M of Micron January $600 calls bought in three blocks on Nov 6, mostly at the ask, with the stock near $689. Those calls need Micron above about $738 at expiry to pay off, and it trades near $826 Wednesday.

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