NFLX

Dark pool — off-exchange short volume

GEX Back to dark pool

Short ratio (latest)

42.4%

20-day average

37.5%

Off-exchange share (20d)

39%

Darkpool density

big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)

Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.

Darkpool levels ±15% of spot, since 2018-10-01

93.43

26.0B

91.79

19.4B

90.15

14.6B

88.51

16.3B

86.87

11.6B

85.23

12.2B

83.59

13.5B

81.96

12.9B

80.32

5.67B

78.68

2.37B

77.04

6.25B

75.40

3.47B

73.76

0.22B

72.12

0.50B

70.48

1.24B

Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.

Off-exchange short-volume ratio

short ratio (20d, right) daily off-exchange share (left)

FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.