RGTI max pain for the Oct 9, 2026 expiry is $16, from the Mon Oct 5 options chain. The last price, $15.15, is 5.3% below it. Call wall $17 · put floor $15.
What the institutional money is doing on RGTI right now — dark pool, options positioning, and where the news and the money disagree. Free.
News frames this as a strategic comparison, but money shows no new position-taking—only a call-heavy standing lean and quiet off-exchange selling, suggesting institutional indifference rather than conviction.
News presents this as a growth-stock choice, but money shows no fresh buying or selling—call-heavy positioning is static, and off-exchange volume is below normal, indicating no institutional urgency.
News pitches quantum as an undiscovered opportunity, but RGTI's money signals show distribution-mode off-exchange activity and no new position builds—the opposite of accumulation by smart money.
News highlights operational progress and partnerships, but money shows no new call or put positioning—off-exchange sellers are quietly distributing, not accumulating on the news.
News reports sector-wide gains on IonQ's analyst upgrade, but RGTI's money shows call-heavy positioning with no new open interest and off-exchange distribution—the stock is rising on sector momentum, not fresh institutional conviction.
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).
