FPS Max Pain $32.50 (Oct 16 Exp) · Dark Pool 41.6% — Free
Undercurrent · Money-flow snapshot
FPS Max Pain, Dark Pool & Options Flow
FPS max pain for the Oct 16, 2026 expiry is $32.50, from the Thu Oct 8 options chain. The last price, $40.03, is 23.2% above it. Call wall $42.50 · put floor $35.
What the institutional money is doing on FPS right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
41.6% (market avg 52%)
Dark pool volume vs its norm
0.6×
Short share of that
48.6% (norm 47%)
Price
$40.03
Max pain
$32.50
Oct 16 exp
Call wall
$42.50
Oct 16 exp
Put floor
$35
Oct 16 exp
Put/Call ratio
0.34
Squeeze pressure
25
Dark pool share: Off-exchange volume was quiet at 0.6× its norm
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Large players were quiet in this name that day. The share (41.6%) may look normal, but the absolute size behind it was thin.
Source: FINRA · Fri 10/9 close
What it means: Off-exchange volume for FPS on October 9 was 41.6%, below the market average of 52.1%, and volume was about half its normal level, with short selling close to its own norm. Options positioning leans call-heavy, with more calls than puts on both standing positions and recent volume.
News vs the money
Forgent Power Solutions (FPS) breaks out of two bullish chart patterns, suggesting a possible new uptrend
The chart story is bullish, while the money signals lean call-heavy but show quieter off-exchange trading than usual, so the signals are mixed rather than clearly aligned.
FXEmpire · 10/06
Analysts' consensus target implies about 52.9% upside for Forgent Power (FPS)
The analyst target implies strong upside, but the money signals are call-leaning with quieter off-exchange activity, so they neither confirm nor contradict the target.
Zacks Investment Research · 10/02
Three AI-linked momentum stocks to consider for October, including Forgent Power (FPS)
The article's bullish AI story is broadly consistent with call-leaning options, though off-exchange volume was quiet and no new option positions were recorded.
Zacks Investment Research · 10/01
Jim Cramer says he would not buy Polaris (PII), calling its high yield a warning sign
This story does not concern FPS, so there is no meaningful comparison with the FPS money signals.
Benzinga · 09/29
LG Display launches a 24.5-inch 720Hz gaming OLED display panel
This story concerns a different company, so it does not bear on the FPS money signals.
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.