ANDE max pain for the Oct 16, 2026 expiry is $65, from the Fri Oct 9 options chain. The last price, $63.89, is 1.7% below it. Call wall $70 · put floor $60.
What the institutional money is doing on ANDE right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
30.5% (market avg 52%)
Dark pool volume vs its norm
0.8×
Short share of that
56.8% (norm 47%)
Dark pool share: 31% off-exchange — 22pp 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: 57% vs a 47% norm.
Source: FINRA · Fri 10/9 close
What it means: For ANDE, the options positioning leans toward calls over puts, with a low squeeze score of 15. Off-exchange volume shows a distribution regime with short share above its norm, so the money signals are mixed rather than clearly bullish.
News vs the money
The Andersons' stock has an average analyst price target of $95, based on Buy ratings from five firms
Analyst optimism is not reflected in the latest money signals, which show no new options positions and off-exchange trading that leans toward selling.
Defense World · 10/01
Andersons shares fell 3.4% to $69.56 on September 18, with a GF Score of 67
The latest session data does not include new options positions, so the money signals offer no clear view on this decline.
GuruFocus · 09/18
⚡ DIVERGENCEHsbc Holdings increased its stake in The Andersons by 66.4%, buying 19,876 shares
The institutional buying is a long-term filing, while the recent session shows off-exchange selling pressure, so the two point in different directions.
Defense World · 09/11
⚡ DIVERGENCEBlackRock took a new position in The Andersons worth $427.69 million
A large new holding by BlackRock conflicts with the recent off-exchange pattern, which shows short selling above the stock's normal level.
Defense World · 08/26
Grupo Comercial Chedraui and Andersons are compared as consumer staples businesses
This comparison is general and does not point to any specific money flow in Andersons, so the money signals add little here.
Defense World · 08/25
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).