HALO max pain for the Oct 16, 2026 expiry is $110, from the Thu Oct 8 options chain. The last price, $110.42, is 0.4% above it. Call wall $115 · put floor $110.
What the institutional money is doing on HALO right now — dark pool, options positioning, and where the news and the money disagree. Free.
The court win fits the bullish lean in options, which shows more calls than puts, though no new large positions were opened in the latest session.
The expanded deal matches the call-leaning options positioning, though the signals are only moderate and no new large bets were recorded.
This legal win is consistent with the call-heavy options lean, though the money data shows no strong new positioning in the latest session.
The collaboration news aligns with the more-calls-than-puts lean, but recent off-exchange short activity is elevated, so the picture is mixed.
A routine board appointment has little bearing on the money signals, which show a modest call lean with no major new positioning.
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).
