What the institutional money is doing on SOXS right now — dark pool, options positioning, and where the news and the money disagree. Free.
Today's options flow is heavily put-skewed (2.46 put-to-call on volume), but standing positions favor calls (0.58 open-interest ratio), suggesting short-term hedging anxiety that hasn't yet shifted the longer-term directional bet.
No new options positions detected; the 0.58 call-to-put ratio on standing open interest suggests the market is not building fresh bullish bets on SOXS despite recent gains.
Dark-pool short share (36.2%) is slightly below the 20-day norm (37.4%), meaning the off-exchange volume that did move was weighted toward covering shorts or buying, not fresh shorting—consistent with a reversal rather than a new bearish conviction.
Today's options flow is heavily defensive (2.46 put-to-call on volume), but open interest remains call-heavy (0.58 ratio), indicating traders are hedging intraday but have not yet unwound longer-dated bullish bets on semiconductor recovery.
No new SOXS options positions detected; the standing 0.58 call-to-put ratio shows the market has not yet repriced SOXS for a structural shift in chip-sector leadership.
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).
