I like to toggle to the higher percentage of daily volume when sorting by bullish percentage volume. Here's why this matters:

Bullish percentage volume tells me we have urgent buyers.

These institutions are:

• Buying at the ask
• Buying near where it's currently priced
• Not trying to sell the position even lower than current value

This signals aggressive buyers — and that's what we want to see.

As I scroll through the scanner, I look for household names — tickers that everybody knows. That's my personal preference and how I like to trade.

Going down the list, I'm looking for familiar names that show:

• High bullish percentage volume
• Multiple orders
• Significant total premium

These give me ideas of potential bullish buys to investigate further.

Let me walk through another live example using PayPal (PYPL).

Initial Scanner Analysis

Looking at PayPal in the scanner:

• 22 orders in the dark pool
• $400 million in total buys
• More balanced activity between bulls and bears
• But significantly higher bullish percentage volume vs bearish percentage volume

Diving Into the Prints

Clicking into PayPal to see what's been going on over the past few days:

What I don't see:

• No significant selling
• There was a $21 million sell, but it was a patient (less aggressive) sell at about 3% of daily volume

What I do see:

• Three days ago: 1.6 million shares bought aggressively at $62.65
• This represented 20% of daily volume

That's very suspicious (in a good way) activity — massive volume relative to the day's trading.

Analyzing the Price Level

Pulling up PayPal on the daily timeframe to see where it's trading relative to $62.65:

• Price is sitting roughly around that $62.65 level
• It was about five days ago when the big print happened
• Price sitting right back where it currently was

The big move hasn't happened yet. It looks like we're getting quiet accumulation within this stock.

Remember: Dark pool data is not a crystal ball method. It's about putting everything together.

The Complete Analysis for PayPal

Fundamentals:

• Recent insider buy of $300,000 worth of PayPal shares
• Stock severely undervalued — sitting over 30% under intrinsic value

Technical Analysis:

• Greatly oversold conditions
• Just recovered back to where it was
• Sitting in an area of demand
• Possibly at a strong Fibonacci retracement

Building the Bullish Case

By piecing this all together, I get a bullish sense of PayPal and can try to infer where the stock will be trading in the future based on:

1. ✅ Dark pool data showing quiet accumulation
2. ✅ Insider buying confirming confidence
3. ✅ Undervalued fundamentals (intrinsic value)
4. ✅ Oversold technical conditions
5. ✅ Key support/demand zones

Here's how I piece together dark pool data for any trade:

Step 1: Scan for Activity

• Sort by bullish percentage volume
• Look for household names
• Note total premium and print counts

Step 2: Investigate the Prints

• Check recent print history
• Identify aggressive vs patient buying
• Look for significant volume (1%+ of daily)

Step 3: Find the Key Level

• What price did institutions buy at?
• Has price moved away from that level?
• Is there quiet accumulation happening?

Step 4: Combine With Other Analysis

• Check the fundamentals (intrinsic value, insider activity)
• Review technical analysis (demand zones, moving averages, Fibonacci)
• Look for multiple forms of confluence

Step 5: Form Your Thesis

• Use dark pool data to support your analysis
• Don't trade solely based on institutional prints
• Wait for alignment across multiple indicators

1. Bullish % volume shows urgency — Institutions buying at the ask signal conviction
2. Look for household names — Familiar tickers you understand and can research
3. 20%+ of daily volume is huge — That's extremely significant institutional activity
4. "Quiet accumulation" is bullish — Big prints without big price moves means positioning
5. Combine everything — Dark pools + fundamentals + technicals = highest confidence
6. The big move may not have happened yet — Finding accumulation before the breakout is the goal

That is how I piece together dark pool data to inform my trading decisions.