What the institutional money is doing on ROKU right now — dark pool, options positioning, and where the news and the money disagree. Free.
News frames this as a potential recovery setup, but the money shows institutions stacking downside insurance (0.45 put-to-call) and trading quietly off-exchange—the opposite of accumulation.
Neutral news tone meets defensive money positioning: institutions are hedged (0.45 put-to-call), not betting on an earnings beat.
Positive framing of a 16% drop contrasts sharply with the money's defensive stance (70% off-exchange institutional trading, 0.45 put-to-call hedge ratio).
Neutral news acknowledges the disconnect, but money signals remain defensive (0.45 put-to-call, 70% dark-pool trading), showing institutions aren't convinced the story has turned.
Neutral news on a strategic pivot meets defensive institutional positioning (0.45 put-to-call, low squeeze score of 24), suggesting money is skeptical of Comcast's ability to offset pay-TV decline.
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 done off-exchange, where institutions move size quietly. Well above ~40% means big players are active.
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).
