Weekly Pulse — Week of July 20–24, 2026

MPI 55 Sideways – Low confidence SMDS 57.6

Weekly Pulse – Week of Jul 20-24, 2026 – Free-source build

Sideways regime held; call/put premium ran roughly balanced; no single-name positioning carried through the week.

Honest framing. Retrospective read on closing positioning. Not a forecast, not a recommendation. Where readings are degraded, the data-quality strip and footnote flag it.

How to read this Pulse

KPI strip → Sector tape → Concentration (top single-name net premium) → This Week’s Tell → Dark-pool prints (FINRA T-14) → What changed → Next session catalysts → Data quality + methodology + disclaimer. The KPI strip carries the headline reads; the rest is the structure beneath them.

MPI

▲ Sideways

Regime

Sideways

Low confidence

Key Level

SPY $739

Above gamma flip

Call Premium

$18.01B

vs Put $19.81B

P/C Volume

0.87

ratio

EOD Tide

$300.3M

closed at session lows (steady distribution)

Sector TapeClose · net options premium

ETF · Sector	Day %	Call prem	Put prem	Net
SPY S&P 500 (broad market)	+0.10%	$915.7M	$1.16B	-$244.3M
XLB Materials	+1.93%	$362.7K	$528.9K	-$166.1K
XLC Communication Services	+0.87%	$488.1K	$283.9K	$204.2K
XLE Energy	+0.40%	$13.2M	$9.9M	$3.3M
XLF Financials	+0.86%	$5.0M	$3.6M	$1.4M
XLI Industrials	+0.40%	$1.1M	$521.8K	$534.5K
XLK Technology	-1.44%	$4.9M	$6.5M	-$1.6M
XLP Consumer Staples	+1.11%	$909.2K	$1.4M	-$472.2K
XLRE Real Estate	+2.22%	$2.6M	$18.0K	$2.5M
XLU Utilities	+0.22%	$856.5K	$770.4K	$86.1K
XLV Health Care	+0.70%	$2.0M	$1.1M	$886.3K
XLY Consumer Discretionary	+0.60%	$233.4K	$1.5M	-$1.3M

ConcentrationTop single-name net premium

Tech anchors

ORCL-$2.1M
MU-$812.4K
QQQ+$566.3K
NVDA+$406.9K
TSLA+$399.5K

Non-tech anchors

NBIS-$37.1M
SPXW-$8.1M
SPY-$5.8M
SNDK-$635.9K
SPCX+$580.1K

This Week’s TellStandout single-name positioning

Quiet Tape

No standout single-name positioning today.

Flow distributed evenly across index products. No single ticker accumulated the kind of one-sided ask-side imbalance or concentrated dark-pool absorption that draws institutional attention. Tape stayed in observation mode.

Dark-Pool TellsFINRA OTC ATS · T-14 lag

Ticker	Total premium	Mega-prints (≥100K)	Print count
SPY	$2.01B	13	500
QQQ	$1.72B	10	500
MSFT	$766.8M	2	500
NVDA	$763.7M	8	500
AAPL	$743.9M	4	500
GOOGL	$720.1M	4	500
AVGO	$541.1M	3	500
AMZN	$373.9M	2	500
META	$359.6M	0	500
IWM	$309.0M	1	500

FINRA ATS publishes with a T-14 lag — the off-exchange tape here reflects institutional activity two weeks ago, not the current session.

Cross-Sector Insider HeatmapSEC Form 4 net flow – last 5 sessions

Technology -515M selling

Consumer Cyclical -150M selling

Financial Services -63M selling

Healthcare -56M selling

Communication Services -55M selling

Industrials -50M selling

Real Estate -22M selling

Consumer Defensive -22M selling

Basic Materials -7M selling

Utilities -7M selling

Energy -3M selling

Heaviest selling in Technology.

What ChangedSession deltas

▼ Week call-premium total $18.01B vs put $19.81B = 1:1.1 put-heavy.
▲ Real Estate (XLRE) closed Fri at $45.95 (+2.22%).
● Five-session window covered: 2026-07-20 through 2026-07-24.

Next Session CatalystsEyes on the tape

No major confirmed catalysts · week of Jul 27-31

View full data appendix →

Sector heatmap · Concentration · Dark pool · By-the-numbers

Data Quality & MethodologyOpen by design

Public-source pipeline. Built on end-of-day option chains, CBOE daily volume summary, FINRA OTC Transparency (T-14 lag), SEC EDGAR Form 4 filings, and our internal MPI snapshot. Zero proprietary data dependency.

Reduced-input session. 2 input sources not available for this session. Read with appropriate caution.

Public data inputs: end-of-day option chains – CBOE Daily Volume Summary – FINRA OTC Transparency (T-14) – SEC EDGAR Form 4 – Not investment advice.

Honest framing. No model weights, lookback windows, or methodology internals are exposed. Model confidence framing reflects internal consistency across inputs, not a probabilistic forecast of any specific outcome.

Disclaimer. Retrospective quantitative research for informational purposes only. Not investment advice, not a recommendation, not a solicitation. Past patterns are not indicative of future price behavior. AZTMM HLDGS LLC is not a registered broker-dealer, investment adviser, or FINRA member. Options trading involves substantial risk and can result in losses exceeding initial investment.

Method note. Weekly synthesis aggregates the five Daily Pulse sessions (Jul 20–24, 2026). Flow and dark-pool data referenced in those sessions sourced from Unusual Whales. MPI score and regime classifier are our internal composite; synthesis is AI-assisted from those inputs. This is research, not advice.

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