What the institutional money is doing on TLH right now — dark pool, options positioning, and where the news and the money disagree. Free.
News is cautious but the options market shows no fresh positioning; standing hedges are balanced-to-defensive, and off-exchange volume is below normal, suggesting traders are waiting for clarity rather than betting either way.
News flags a warning signal, but TLH options show no new hedging or directional bets; off-exchange activity is subdued, indicating institutions are not rushing to protect against further moves.
News raises alarm about unusual conditions, but options positioning remains flat with no new large bets; low squeeze pressure (25/100) and subdued dark-pool volume suggest the smart money is not panicking.
News reports a relief bounce tied to policy support, yet TLH options show no fresh accumulation; off-exchange volume remains 22% below normal, implying institutions are skeptical the relief will hold.
News shows policy failure and renewed selling pressure, but options hedges remain light and off-exchange activity is below normal; the market is not rushing to buy protection, suggesting traders expect this volatility to persist without a sharp directional break.
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).
