SPCE max pain is $3. The last price, $3.05, is 1.7% above it. Call wall $3.50 · put floor $3.
What the institutional money is doing on SPCE right now — dark pool, options positioning, and where the news and the money disagree. Free.
Options traders favor upside (more calls than puts), but the positioning is light and neutral dark-pool activity shows no institutional conviction behind the bullish lean.
Options remain call-heavy and dark-pool volume is slightly elevated (1.16× normal) with short share near its 20-day norm, suggesting the legal news is being absorbed without panic or aggressive repositioning.
Options remain call-heavy and dark-pool volume is slightly elevated (1.16× normal) with short share near its 20-day norm, suggesting the legal news is being absorbed without panic or aggressive repositioning.
Options traders are tilted toward calls, but with low squeeze pressure (20/100) and neutral dark-pool stealth, the market is not pricing in urgent upside—the bullish lean is measured, not aggressive.
Options show a call-heavy lean consistent with the upgrade tone, yet dark-pool activity is neutral and squeeze pressure is low, indicating skepticism about the strength of any near-term rally.
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).
