Claritev to Meet Investors at Upcoming Events
Money shows defensive hedging (more puts than calls) with no new option positions opened, suggesting investors are protecting downside rather than betting on the event to drive gains.
Business Wire
Undercurrent · Money-flow snapshot
CTEV — The money right now
What the institutional money is doing on CTEV right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
31.2% (market avg 41%)
Dark pool volume vs its norm
1.0×
Short share of that
50.4% (norm 57%)
Max pain
$40
Call wall
$45
Put floor
$40
Put/Call ratio
1.40
Squeeze pressure
23
Dark pool share: 31% off-exchange — 10pp 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: 50% vs a 57% norm.
Source: FINRA · prior close · 2026-09-01
What it means: CTEV shows defensive positioning with put protection outweighing calls (1.4:1 ratio) and low squeeze pressure, suggesting measured caution despite positive earnings news; off-exchange volume is running slightly below normal with short-selling near its own 20-day average, indicating no unusual institutional accumulation or panic.
News vs the money
⚡ DIVERGENCEMarpai Deepens Partnership with Claritev on Cost Reduction
Money remains neutral with no fresh bullish positioning despite the partnership news; defensive put hedging persists, indicating skepticism about near-term upside.
Business Wire
⚡ DIVERGENCEAnalysts Raise Claritev Forecasts After Strong Q2 Results
Despite better-than-expected earnings and raised guidance, options positioning remains put-heavy with no surge in new bullish bets, suggesting the market has already priced in the positive news.
Benzinga
⚡ DIVERGENCEClaritev Q2 Earnings: Revenue Growth, Record Bookings, Raised Outlook
Earnings beat and full-year guidance raise have not triggered new call buying or reduced put hedging; money is holding defensive posture despite the positive fundamentals.
MarketBeat
Claritev Q2 2026 Earnings Call Transcript
No new option positions have opened following the call; standing hedges remain put-heavy, indicating money is waiting for clarity or a pullback before committing fresh capital upside.
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Get Undercurrent — the news behind the money →Or go deeper with SIGNUM HQ — the pro options terminal →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
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