ARKG max pain for the Oct 16, 2026 expiry is $48. The last price, $51.30, is 6.9% above it. Call wall $55 · put floor $45.
What the institutional money is doing on ARKG right now — dark pool, options positioning, and where the news and the money disagree. Free.
The news is about overlapping stock holdings, while the money data shows no new large option positions and a put-leaning options mix, so the two are only loosely connected.
This is a company-level announcement with no matching sign of new large option bets, and the put-leaning options mix shows caution rather than enthusiasm.
This is generic trade commentary with no specific news, and the money data shows only a modest put-leaning options mix and no large new positions.
The article questions past results, while the money data shows a cautious, put-leaning options mix that is consistent with some skepticism.
The positive vaccine trial news is not matched by new large option bets, and the put-leaning options mix shows investors are not yet clearly positive.
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).
