WYNN max pain for the Oct 9, 2026 expiry is $80, from the Mon Oct 5 options chain. The last price, $77.17, is 3.5% below it. Call wall $93 · put floor $72.
What the institutional money is doing on WYNN right now — dark pool, options positioning, and where the news and the money disagree. Free.
Options traders are positioned for upside (more calls than puts), but no new large positions opened recently, so the market is not yet pricing in a dividend story as a catalyst.
Options remain call-heavy and calm (low squeeze pressure), but the fund's exit is not yet reflected in new option positioning, suggesting the market has not fully repriced the news.
Options show a bullish call lean, consistent with a fund reporting strong returns, but no new large bets have opened to amplify that conviction.
Options remain call-heavy and show no new defensive positioning, suggesting traders are not worried about the debt issuance as a near-term headwind.
Call-heavy options positioning persists with no new hedging, indicating the market views the debt as manageable and not a near-term risk.
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).
