APD max pain is $280. The last price, $279.45, is 0.2% below it. Call wall $310 · put floor $270.
What the institutional money is doing on APD right now — dark pool, options positioning, and where the news and the money disagree. Free.
The news of institutional buying aligns with the options market's call-heavy lean, but no new options positions opened to amplify the signal—the money is not yet echoing the equity move.
The equity-market buying is consistent with the call-heavy options positioning, but options open interest has not grown—the move remains confined to stock purchases, not leveraged bets.
Equity buying is consistent with call-heavy options lean, but no new options positions have opened to amplify or hedge the move.
Modest equity accumulation aligns with the call-heavy options environment, but no new options leverage has appeared.
The aggressive equity buying is consistent with the call-heavy options lean, yet options open interest has not grown—the money is moving stock, not yet using derivatives to amplify the bet.
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).
