What the institutional money is doing on SWX right now — dark pool, options positioning, and where the news and the money disagree. Free.
BlackRock's purchase aligns with off-exchange accumulation already underway: institutional buyers are moving size away from the public eye, with short-selling 12 points below this stock's norm.
No new options positioning or directional lean visible; money signals remain neutral on relative value, leaving the comparison to traditional metrics.
BofA's expansion of its position reinforces the off-exchange accumulation pattern: large holders are quietly building, not trimming.
No new options flow or positioning change; money remains neutral on this comparison.
Earnings beat coincides with stealth institutional accumulation off-exchange and short-selling well below norm—money is voting with its feet before the market reprices.
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).
