BLLN max pain for the Oct 16, 2026 expiry is $105, from the Thu Oct 8 options chain. The last price, $98.09, is 6.6% below it. Call wall $105 · put floor $85.
What the institutional money is doing on BLLN right now — dark pool, options positioning, and where the news and the money disagree. Free.
The study is a positive clinical story, but the money signals are only a mild call lean with no new large positions recorded, so there is no clear sign that big investors reacted to it.
The insider sale is a negative headline, while the money signals show more calls than puts, so the two point in somewhat different directions.
This is a mixed policy story, and the money signals are only weakly bullish, so there is no strong sign that investors are pricing in a clear winner or loser.
The sale is a small negative signal, while the money signals show a mild call lean, so the story and the positioning are not clearly aligned.
The CEO's full exit is a negative headline, while the money signals show more calls than puts, so this story and the positioning point in different directions.
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).
