GXO sets its third-quarter 2026 earnings call for November 4
The money signals show no clear reaction to this scheduling notice, and the mixed options and off-exchange data give no firm direction.
GlobeNewsWire · 10/08
Undercurrent · Money-flow snapshot
GXO Max Pain, Dark Pool & Options Flow
GXO max pain for the Oct 16, 2026 expiry was $45 as of the Wed Oct 7 options chain.
What the institutional money is doing on GXO right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
37.5% (market avg 52%)
Dark pool volume vs its norm
0.4×
Short share of that
59.4% (norm 46%)
Price
$46.56
Max pain
$45
as of 10/07
Call wall
$55
as of 10/07
Put floor
$40
as of 10/07
Put/Call ratio
0.50
Squeeze pressure
10
Dark pool share: Off-exchange volume was quiet at 0.4× 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 (37.5%) may look normal, but the absolute size behind it was thin.
Source: FINRA · Fri 10/9 close
What it means: The money signals for GXO are mixed. Off-exchange volume was roughly 37.5% of trading, below the market average of 52.1%, and its share of short trades is well above its own norm, which leans toward selling rather than quiet buying. Standing option positions lean toward calls, while the latest session's traded options leaned toward puts.
News vs the money
Armlogi and GXO Logistics compared head to head as financial survey
This comparison article does not signal anything new, and the money data shows mixed positioning with no clear lean.
Defense World · 10/04
⚡ DIVERGENCEThree air-freight and cargo stocks, including GXO, may benefit as the industry improves
The optimistic industry story is not matched by a clear money signal, since the off-exchange selling tilt points the other way.
Zacks Investment Research · 10/01
America's critical supply chain is under strain
The warning about supply chain strain leans negative, and the money data also leans cautious, so the two broadly agree.
24/7 Wall Street · 10/01
⚡ DIVERGENCEGXO and Columbia Sportswear agree to a 10-year logistics partnership in Europe
The positive partnership news runs against the off-exchange selling tilt, which suggests the money is not yet reacting to this deal.
GlobeNewsWire · 09/29
See it live, free
Get Undercurrent — the news behind the money →Add GXO to My Watchlist in the free SIGNUM HQ app (iPhone · Android) →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
Learn the numbers