What the institutional money is doing on IREN right now — dark pool, options positioning, and where the news and the money disagree. Free.
News frames earnings as a setup for 2027 upside, and the money agrees: off-exchange accumulation at 2× normal volume and call-heavy options flow suggest smart money is already positioned for that forward story.
News highlights AI credibility wins; money shows stealth accumulation (87 stealth score) and short-covering off-exchange, indicating institutions are betting the validation sticks and the stock re-rates higher.
News reports strong AI segment growth and raised guidance; money shows call-heavy options (0.72 put-to-call ratio) and quiet accumulation off-exchange, suggesting institutions believe the upside story is not yet fully reflected in price.
News sustains bullish framing; money confirms it with call-heavy flow, low squeeze stress (20 score), and off-exchange accumulation at 2× normal volume—no sign of conviction wavering.
News announces large-scale external funding validation; money shows stealth accumulation and short-covering off-exchange, consistent with institutions front-running the market's recognition that the financing de-risks growth.
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).
