What the institutional money is doing on DTM right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
49.3% (market avg 51%)
Dark pool volume vs its norm
0.9×
Short share of that
36.5% (norm 62%)
Dark pool share: Only 37% vs a 62% norm of the off-exchange volume was short
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Size was ordinary, but the sell side was light within it — not aggressive accumulation, yet no real selling pressure either.
Source: FINRA · prior close · 2026-08-28
What it means: DTM's options market shows balanced positioning with minimal directional conviction: put-to-call ratio is extremely low (0.12), indicating call dominance, but new position data is absent and dark-pool short-selling is unusually light (36.5% vs. a 62.1% norm), suggesting neither aggressive buying nor hedging is currently driving the stock.
News vs the money
Wall Street reshuffles analyst calls as inflation and earnings loom
No new option positions detected for DTM despite the analyst churn, and dark-pool activity remains subdued relative to the stock's own baseline, suggesting institutions are not yet reacting to the broader market inflection point.
247 Wallst
DTM options volatility is climbing
Volatility is rising, but the put-to-call ratio (0.12) remains deeply call-heavy and short-squeeze pressure is low (25/100), indicating the volatility is not yet translating into defensive positioning.
Zacks Investment Research
⚡ DIVERGENCEDTM's premium valuation is justified by brownfield growth and dual demand engines
Dark-pool short-selling is well below the stock's norm (36.5% vs. 62.1%), which typically signals quiet accumulation, but the absence of new option positions and the extremely low put-to-call ratio (0.12) suggest conviction is muted rather than building.
Seeking Alpha
Mid-cap portfolio review notes DTM positioning
No money signals specific to DTM are available from this review; the stock's own positioning data shows no new conviction.
Seeking Alpha
DTM advances $300M in organic growth projects in Q2
The earnings call highlights organic growth, but no new option positions have opened and dark-pool short-selling remains unusually light (36.5% vs. 62.1% norm), suggesting institutions are watching rather than committing fresh capital on the news.
MarketBeat
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).