NEUTRAL — WATCH
No clear whale direction for TLN. Bullish and bearish signals roughly cancel out. Insiders are net sellers (5,282,037 shares sold vs 1,000 bought) — management reducing exposure. Strong institutional ownership at 107.9% with 4 of 10 top holders actively accumulating this quarter.
Action Plan
- Hold existing positions — no strong directional signal
- Wait for clearer whale activity before adding
- Monitor next earnings for institutional positioning changes
📈 Options Flow 期权异动
Unusual options volume vs open interest. High volume/OI ratio signals whale positioning. Put/Call ratio indicates directional bias.
PUT / CALL RATIO
0 (Bullish)1.02.0+ (Bearish)
0.53
BULLISH
Unusual Strikes — Vol/OI > 3x (2C / 1P)
CALL$2502026-05-15200277.4x
CALL$3852026-05-291226.0x
PUT$1852026-05-1534103.4x
- Put/Call volume ratio: 0.53 (bullish)
- Total options volume: 2,577 (calls 1,686 / puts 891)
- Top unusual: CALL $250.0 exp 2026-05-15 — vol/OI 7.4x
- 3 unusual strikes detected (2C / 1P)
👤 Insider Trading 内部交易
SEC Form 4 filings — officer and director buys/sells in the last 90 days. Net buying is a strong bullish signal.
SHARES SOLD (6m)
5,282,037
NET INSIDER FLOW
-5,281,037
Recent Insider Transactions (1 buys / 2 sells / 0 grants)
SELLRUBRIC CAPITAL MANAGEMENT L.P.388,5302025-06-27
BUYHORTON ANTHONY R1,0002025-03-06
SELLRUBRIC CAPITAL MANAGEMENT L.P.4,893,5072024-12-13
- Insider buying: 1,000 shares
- Insider selling: 5,282,037 shares
- 16 Form 4 filings in last 90 days
- Net insider SELLING — bearish signal
🏦 Smart Money Flow 机构资金流向
Quarter-over-quarter position changes from 13F filings. Shows whether institutional investors are accumulating (buying more) or distributing (selling) — the strongest signal of whale conviction.
INSTITUTIONAL OWNERSHIP
107.9%
ACCUMULATION vs DISTRIBUTION
40% ACCUMULATING
60% DISTRIBUTING
Institutional Position Changes (QoQ)
▲▲ HEAVY BUYInvesco Ltd.2.44%+35.6%+378,337
▲ ADDINGFred Alger Management, LLC3.06%+8.4%+140,414
▲ ADDINGLone Pine Capital Llc2.19%+8.4%+100,048
▲ ADDINGGeode Capital Management, LLC1.78%+9.1%+87,777
▬ HOLDRubric Capital Management LP6.10%0.0%0
▬ HOLDMFN Partners Management, LP5.08%0.0%0
▬ HOLDReaves (W.H.) & Company, Inc.2.56%-0.7%-10,955
▬ HOLDState Street Corporation2.24%-1.3%-17,269
▬ HOLDVanguard Group Inc7.55%-1.5%-65,586
▼ TRIMMINGBlackrock Inc.6.78%-5.8%-244,465
ETF & Mutual Fund Flow (3 adding / 1 selling)
▬ HOLDiShares Trust-iShares Core S&P Mid-Cap ETF+2.7%+39,255
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Total Stock Mar+0.3%+4,451
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Small-Cap Index-4.3%-46,130
▬ HOLDReaves Utility Income Fund0.0%0
▲▲ HEAVY BUVANGUARD INDEX FUNDS-Vanguard Small-Cap Growt+93.0%+281,631
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Extended Market+0.7%+3,423
▼ TRIMMINGSmallCap World Fund Inc-5.1%-24,977
▲ ADDINGETFis Series Trust I-Virtus Reaves Utilities +19.0%+74,350
▬ HOLDAMERICAN HIGH INCOME TRUST+1.5%+6,396
▲▲ HEAVY BUALGER INSTITUTIONAL FUNDS-Alger Focus Equity +26.5%+77,711
- Institutional ownership: 107.9%
- Smart money flow: 4 adding / 1 selling / 5 hold
- Net shares added by institutions: +368,301
- Biggest mover: Invesco Ltd. added 378,337 shares (+35.6%)
🕶 Short Interest & Dark Pool 做空 & 暗池
Short interest as % of float and days-to-cover. Rising SI = bearish pressure. High SI + decreasing = shorts covering (bullish). Squeeze risk rated by SI level.
SHORT INTEREST (% OF FLOAT)
0%10%20%30%+
- Short interest: 6.2% of float
- Days to cover: 3.5
- Short interest MoM: ↓ 2.4%
- Squeeze risk: LOW