Options AI Screener Desk

The Desk has no ideas today, and that is the intended result. The market regime reads 31 (risk-off), down from 33 yesterday and well under the 55 line below which the method takes no new long positions. Volatility is 23.7, up about 22% in five sessions, none of the three major indices is above its 20-day average, and the sentiment gauge reads extreme fear (25). The strength screens still surfaced names, mostly in health care (listed under “Dropped” for the record). Consumer prices print on Tuesday 10 November at 8:30 ET.

Finalists

None. With the regime score at 31, the method produces no new long ideas, whatever the individual charts look like. The names below are a record of what the screens surfaced. They are not a shortlist and were not checked against the earnings, overbought or catalyst tests.

Gate outcomes

Regime 31: fired. Below 55, so no new longs. This alone decides the day.
Leadership deceleration: did not fire. Of the five strongest groups, solar (+29.8), airlines (+8.0), home builders (+5.9) and retail (+0.6) are still accelerating; only medical devices is slowing.
Intraday heat (>8%): among the strongest names, SEZL (+13.4%) and JXG (+9.2%) were up more than 8% on the last session and would have been removed anyway.
Earnings and RSI: not run, because there are no finalists to check.
Sector cap: no finalists, so it cannot bind. For the record, four of the ten names that would have qualified are health care (XERS, ARDT, USPH, ACHC), so the cap would have trimmed the list.
Breadth: 17 of 39 groups have positive momentum (44%), under half.

Options structures

The bull put spread screen stood itself down again: in a risk-off regime it generates no spreads, so the board is empty. The cash-secured put screen ran and holds 371 contracts across 153 tickers, at half size, with technology and energy excluded as sectors money is flowing out of. There are no finalists to pair a structure with. The historical record for every structure is unmeasured since an accounting fix, so none is preferred.

Market read

Groups turning up

Group	Phase	Score
Consumer cyclical	early rotation, accelerating	95
Industrials	early rotation, accelerating	60
Basic materials	early rotation	50
Healthcare	early rotation	50

Leadership

Medical devices still lead on momentum (9.2, but slowing), then home builders (6.7, accelerating), solar (5.9, sharply accelerating off a deep six-month low), airlines (4.3) and retail (4.3). Staples, real estate and utilities hold positive momentum. Energy (−11.3% over a week), natural gas and shipping are tagged as money flowing out, as are software and cloud. Every group fell over the last two sessions; the leaders are leading by falling less.

Data freshness. Today’s universe landed at 9:34 ET and every screen was rebuilt against it this session. The universe is much smaller than usual (311 stocks against 1,884 yesterday), so fewer names reached the screens. Two group readings (aerospace & defense, semiconductors) show a near-70% drop that is a data error, not a market move, and were ignored.

Dropped

All

Regime 31. Every name below was surfaced by the strength screens and set aside by the regime gate. None was checked for earnings, overbought readings or catalyst.

XERS, ARDT, USPH, ACHC

Health care, stage 2, relative strength 20–66, each on three screens. Same sector; the sector cap would have bound.

MGNI

Communication services, relative strength +52, on three screens.

Information technology, relative strength +37, on three screens, in a sector money is flowing out of.

GCT, BOBS, RGR

Consumer discretionary, relative strength 22–38, on the rotation screen.

COTY, ECPG, TBI

Staples, financials, industrials; relative strength 38–83. ECPG fell 6.9% on the last session.

SEZL, JXG

Up 13.4% and 9.2%; the intraday-heat rule would also have removed them.

How earlier ideas are doing

Measured against the index from each flag-date close, 68 ideas across 25 sessions average −8.68 points of alpha (median −10.54, trimmed −8.82); 19 of 68 beat the index. The weakness is broad, not a few bad names: without the two best the average is −10.02, and the three worst (SMTC −48.9, XP −48.4 and SMTC again at −45.4) are only 17% of the total drag. The best three are AMN (+37.4), MRNA (+34.2) and SN (+26.4). Prices are the last settled close. No feature of the screens reliably separates winners from losers, and the relative-strength rule that had held up is now clearly negative.