Analysts rate ADMA a 'Moderate Buy' on average
Analyst optimism aligns with the options market's call-heavy tilt, but the absence of new position openings suggests the bullish lean is already priced in rather than building.
Defense World · 10/05
Undercurrent · Money-flow snapshot
ADMA Max Pain, Dark Pool & Options Flow
ADMA max pain for the Oct 16, 2026 expiry is $9, from the Tue Oct 6 options chain. The last price, $10.14, is 12.7% above it. Call wall $11 · put floor $9.
What the institutional money is doing on ADMA right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
28.7% (market avg 50%)
Dark pool volume vs its norm
1.0×
Short share of that
31.8% (norm 50%)
Price
$10.14
Max pain
$9
Oct 16 exp
Call wall
$11
Oct 16 exp
Put floor
$9
Oct 16 exp
Put/Call ratio
0.37
Squeeze pressure
30
Dark pool share: 29% off-exchange — 21pp below the market
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Most of the day cleared on the lit market — either there was nothing to hide, or the large players sat out. Short share of the off-exchange piece: 32% vs a 50% norm.
Source: FINRA · Wed 10/7 close
What it means: ADMA shows a strong call-heavy lean in standing positions and recent trading flow, with institutional short activity running well below its own norm—a sign of accumulation rather than hedging. However, no new options positions opened in the latest session, so the signal is structural positioning, not fresh money.
News vs the money
⚡ DIVERGENCEADMA fell 1.24% in recent trading
The decline contradicts the call-heavy options positioning and low short activity in dark pools, which together suggest accumulation—a potential setup for a bounce if the downside holds.
Zacks Investment Research · 09/29
⚡ DIVERGENCEADMA dipped 1.86% in the latest session
Continued weakness conflicts with the call-heavy options lean and institutional accumulation signal (low short share in dark pools), suggesting either profit-taking or a test of support before a reversal.
Zacks Investment Research · 09/24
Should you trust Wall Street's 'Moderate Buy' on ADMA?
Options positioning supports the bullish lean—more calls than puts, low institutional short activity—but the lack of fresh position openings and recent price declines suggest the market is testing conviction rather than confirming it.
Zacks Investment Research · 09/24
ADMA outpaced the market with a 2.01% gain
The bounce aligns with the call-heavy options positioning and low institutional short activity in dark pools, consistent with accumulation—but without fresh position openings, it may reflect short covering or profit-taking rather than new conviction.
Zacks Investment Research · 09/18
See it live, free
Get Undercurrent — the news behind the money →Add ADMA to My Watchlist in the free SIGNUM HQ app (iPhone · Android) →New to this? Why'd It Move? turns today's move into a 60-second lesson →What is a “divergence”?
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.
How to read these numbers
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).
Nearby tickers
Today’s off-exchange leaders → · See all tickers →Today’s rankings — what broke from normal
Learn the numbers