ABBV max pain is $262.50. The last price, $276.47, is 5.3% above it. Call wall $277.50 · put floor $255.
What the institutional money is doing on ABBV right now — dark pool, options positioning, and where the news and the money disagree. Free.
The article's defensive message is not reflected in ABBV's options, where traders hold more calls than puts, a bullish lean rather than a defensive one.
The article weighs dividend stocks against bills, and ABBV's money signals show no strong positioning either way, so there is no clear confirmation from the market.
Raised analyst targets are a positive view, and ABBV's call-leaning options positioning points the same way, so the signals agree.
A large institutional reduction is a cautious signal, but ABBV's options show more calls than puts and dark pool activity is near normal, so the money data does not confirm a broad retreat.
The fund's added shares are a bullish signal, and ABBV's call-heavy options positioning agrees, so the two point the same way.
A divergence is when the news narrative and the institutional money flow point in opposite directions — a bearish headline while large call premium is bought, or heavy dark-pool selling under a bullish story. It signals the crowd and the desks may disagree.
Dark-pool volume — The share of trading executed off-exchange, at wholesalers and dark pools. About half of all US share volume prints there on an ordinary day, so the level by itself says almost nothing. What carries information is the distance from this name’s own recent norm, and whether the off-exchange size ran above its usual.
Off-exchange short share — How much of that off-exchange volume was sold short. The median across all listed names is about 49%, because wholesalers filling retail buy orders sell short and cover later. A reading near half is plumbing, not a bearish vote — compare it to the same name’s own 20-day norm.
Max pain — The price where the most options expire worthless — positioning often gravitates toward it near expiry.
Call wall / Put floor — Strikes with the heaviest call/put open interest — they often act as short-term resistance and support.
Put/Call ratio — Below ~0.7 leans bullish (more calls); above ~1 leans defensive (more puts).
