Market Signals

CBOE Volatility Index $16.90 ↑ 4.8% 31th %ile (neutral) • KXINX 1.5% — 7,625 to 7,650

Solana USD ($SOLANA) $77.79 ↓ 3.4% 34th %ile

CBOE Skew Index $149.79 ↑ 2.8% 92th %ile (tail_risk) • KXINX 1.5% — 7,625 to 7,650

VIX of VIX $91.38 ↑ 4.0% 35th %ile (neutral) • KXINX 1.5% — 7,625 to 7,650

$CORT 🔴 Insider SELL: Guyer William SELLs 20,000 shares at ~$93.13 avg — worth $1.9M (+2 more) (1.9% ADV, 0.018% mkt cap)

ICE BofA MOVE Index $72.41 ↑ 3.1% 65th %ile (fear)

S&P 500 Dispersion Index $47.15 ↑ 2.8% 98th %ile (extreme_fear) • KXINX 1.5% — 7,625 to 7,650

State Street Materials Select S ($XLB) $50.16 ↓ 2.6% 15th %ile

S. KOREA, U.S. SHARE NEED TO 'STABLY' MANAGE COUPANG ISSUE: SEOUL ENVOY - YONHAP

$BLLN 🔴 Insider SELL: Atay Oguzhan SELLs 38,750 shares at ~$122.05 avg — worth $4.7M (+4 more)

$CNXN 🔴 Insider SELL: GALLUP PATRICIA SELLs 1,245 shares at $72.17 — worth $1.0M (+2 more)

$HSY 🔴 Insider SELL: HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL SELLs 246 shares at $176.90 — worth $5.3M (+19 more) (0.0% ADV, 0.000

$BFLY 🔴 Insider SELL: DEVIVO JOSEPH SELLs 204,725 shares at $7.87 — worth $1.6M

$MCK 🔴 Insider SELL: TYLER BRIAN S. SELLs 8,463 shares at $793.56 — worth $6.7M (0.7% ADV, 0.007% mkt cap)

$SPOT 🟢 Insider BUY: Soderstrom Gustav BUYs 20,833 shares at $151.25 — worth $13.1M (+13 more) (1.1% ADV, 0.010% mkt cap)

$AIP 🔴 Insider SELL: Bayview Legacy, LLC SELLs 29,490 shares at $37.07 — worth $4.5M (+2 more)

$SLDE 🔴 Insider SELL: Gries Robert JR SELLs 84,636 shares at $20.34 — worth $2.3M (+1 more)

APPLE TO SPEND $30 BILLION ON U.S.-MADE CHIPS FROM BROADCOM - WSJ

TRUMP ON IRAN: ‘WE’LL PROBABLY HIT THEM HARD AGAIN TONIGHT’ - ALJAZEERA

IRAN HITS BACK, LAUNCHING MISSILES ON BAHRAIN, KUWAIT, QATAR - IGNORING TRUMP'S WARNING OF "MUCH WORSE" BOMBING - ZEROHEDGE

US STRIKES TARGET IRANIAN MILITARY BOATS - BBC

SPACEX'S FIRST BITCOIN WALLET MOVEMENTS IN SIX MONTHS LIKELY DON'T SIGNAL SALES - COINDESK

$COE 🟢 Insider BUY: Huang Jack Jiajia BUYs 152,820 shares at $15.23 — worth $23.5M (+7 more)

SAMBANOVA HITS $11 BILLION VALUATION AS INVESTORS BACK NVIDIA CHIP CHALLENGERS - TECH

(LEAD) SEOUL SHARES PLUMMET 5.4 PCT ON EXTENDED TECH LOSSES - YONHAP

$ABNB 🔴 Insider SELL: Gebbia Joseph SELLs 27,733 shares at $150.01 — worth $4.2M (0.7% ADV, 0.005% mkt cap)

RENAULT KOREA, KAKAO MOBILITY SIGN MOU ON FUTURE MOBILITY SERVICE - YONHAP

(LEAD) SEOUL SHARES OPEN LOWER ON CONTINUED TECH LOSSES - YONHAP

$KSPI 🔴 Insider SELL: Kim Vyacheslav SELLs 2,635 shares at $88.94 — worth $3.9M (+9 more)

$FTECX 🟢 Insider BUY: PECK MICHAEL D BUYs 159,234 shares at $9.42 — worth $1.5M (+5 more)

$CRWD 🔴 Insider SELL: Kurtz George SELLs 240 shares at $191.33 — worth $4.0M (+24 more) (0.0% ADV, 0.000% mkt cap)

$ARX 🔴 Insider SELL: RADKE JEFFREY L SELLs 80,000 shares at $13.33 — worth $1.1M

$PLTR ⚪ Insider GRANT: Sankar Shyam received 35,000 shares (equity compensation) (+3 more) (0.1% ADV, 0.001% mkt cap)

CBOE Nasdaq Volatility $27.92 ↑ 4.1% 81th %ile (fear) • KXNASDAQ100Y 0.5% — 19,000 to 19,499.99

CBOE Gold Volatility $26.21 ↑ 3.5% 33th %ile (neutral)

CBOE Volatility Index $16.13 ↑ 3.6% 12th %ile (complacency) • KXINX 11.5% — 7,625 to 7,650

ICE BofA MOVE Index $70.25 ↑ 6.8% 44th %ile (neutral)

Silver Sep 26 ($SILVER) $60.07 ↓ 2.1% 8th %ile

State Street Technology Select ($XLK) $179.18 ↓ 2.4% 52th %ile

$ANET 🔴 Insider SELL: BECHTOLSHEIM ANDREAS SELLs 4,113 shares at $157.24 — worth $39.0M (+10 more) (0.1% ADV, 0.000% mkt cap)

$IMNM 🔴 Insider SELL: Barchas Isaac SELLs 83,094 shares at $24.11 — worth $2.4M (+1 more)

$ADPT 🔴 Insider SELL: ROBINS HARLAN S SELLs 239,351 shares at $21.74 — worth $8.5M (+1 more)

$ETON 🔴 Insider SELL: Opaleye Management Inc. SELLs 65,000 shares at $37.39 — worth $4.8M (+4 more)

S. KOREA SAYS PROPOSED U.S. FORCED LABOR TARIFF IS 'UNWARRANTED,' SHOULD BE RECONSIDERED - YONHAP

$KEY 🔴 Insider SELL: BANK OF NOVA SCOTIA SELLs 176,803 shares at $23.18 — worth $4.1M (1.4% ADV, 0.016% mkt cap)

$IMNM 🟢 Insider BUY: Lechleider Robert BUYs 55,000 shares at $8.73 — worth $1.7M (+4 more)

$HOOD 🔴 Insider SELL: Quirk Steven M. SELLs 19,377 shares at $119.96 — worth $2.3M (0.1% ADV, 0.002% mkt cap)

$WDAY 🔴 Insider SELL: BHUSRI ANEEL SELLs 8,501 shares at $135.40 — worth $1.2M (0.2% ADV, 0.003% mkt cap)

$MIAC 🔴 Insider SELL: Bulley David Robert SELLs 2,381,250 shares at $0.01 — worth $4.8M (+4 more)

JAPAN'S SBI HOLDINGS TAKES STAKE IN US CRYPTO EXCHANGE EDX MARKETS - NIKKEI