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AVGO

Broadcom Inc.Close $417.76EOD only

Max Pain

$415.00

Next expiry May 22, 2026

Expected Move

±$15.48

3.7% from close

Price Gap

-2.76

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.16

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects AVGO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 20, 2026 close

AVGO Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from March 31, 2026. A newer flow report is available for May 20, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 strong net premium & call flow; +1 GEX pinning supportive; -1 P/C OI ratio >1 & spot below MP

Watch next session: $315-$320 call block activity; Any defensive put flow below $300; Spot reaction to $310 level

Flow Summary

Net premium: +$78.6M bullish

P/C volume ratio: 0.77 — call-dominant volume

P/C OI ratio: 1.17 — put-leaning positioning

Strong bullish flow today (+$78.6M net premium) driven by call buying, particularly in the $315-$320 strikes. However, the higher Put/Call OI ratio suggests a larger existing defensive put base, creating a tug-of-war between new bullish bets and legacy hedges.

Notable Prints

AVGO 4/1 $317.50 Call

Vol: 6,417

OI: 2,692

Vol/OI: 2.4x

IV: 21.2%

Notional: ~$2.1M (est. premium ~$330k)

Intent: Directional call buying for immediate upside

Dual read: Bought to open (bullish) or sold to close (bearish). High volume relative to OI suggests new positioning.

Read-through: Targeting a move above $317.50 by week's end, aligning with near-term max pain levels.

AVGO 4/1 $310 Put

Vol: 3,322

OI: 152

Vol/OI: 21.9x

IV: 14.7%

Notional: ~$1.0M (est. premium ~$310k)

Intent: Short-dated hedge or speculative put sale

Dual read: Sold to open (bullish/income) or bought to close (bullish). Extremely low IV (14.7%) suggests selling is more likely.

Read-through: Likely selling puts for premium with a bullish/neutral view, expecting spot to hold above $310.

AVGO 4/1 $320 Call

Vol: 3,137

OI: 910

Vol/OI: 3.5x

IV: 23.4%

Notional: ~$1.0M (est. premium ~$320k)

Intent: Upside directional bet

Dual read: Bought to open (bullish breakout) or sold to close (bearish).

Read-through: Targeting a move to the $320 max pain level for the weekly expiration.

AVGO 4/1 $307.50 Put

Vol: 2,445

OI: 191

Vol/OI: 12.8x

IV: 21.2%

Notional: ~$750k (est. premium ~$310k)

Intent: Near-dated hedge or put sale

Dual read: Similar to $310P, low-ish IV suggests potential selling for income.

Read-through: Defines a short-term support level just below spot.

AVGO 4/1 $315 Call

Vol: 5,483

OI: 2,644

Vol/OI: 2.1x

IV: 19.1%

Notional: ~$1.7M (est. premium ~$310k)

Intent: Directional call buying

Dual read: Bought to open (bullish) or sold to close (bearish).

Read-through: Concentrated bullish interest at the $315 strike, a key immediate resistance level.

Institutional Positioning

Call additions: $315, $317.50, $320 calls for 4/1 expiry. Also notable premium in $400 calls.

Put additions: Minimal new put buying today. Large legacy OI in deep OTM puts ($100, $220, $250).

GEX/DEX consistency: Yes — Positive GEX (+$20.4M) aligns with bullish flow and pinning regime, supporting a mean-reverting, range-bound move higher.

OI clusters: Major Call OI: $300 (28K), $390 (15.3K), $360 (11.7K). Major Put OI: $100 (16.2K), $250 (14K), $220 (13.9K), $265 (13.5K), $300 (13.2K).

Hedging evidence: Massive legacy OI in deep OTM puts ($100-$265) suggests long-term portfolio hedging, not new directional bets. Minimal new protective put flow near spot.

Max pain context: Spot ($309.51) is below nearest max pain ($320 for 3/23, $310 for 3/27). Flow is pushing toward these higher pain levels, suggesting a gravitational pull upward.

Signal vs Noise

~The $100 Put with 16,209 volume is almost certainly a roll or adjustment of the massive 16,235 OI position. It's a legacy hedge, not new directional flow.

~High premium flow at $100 and $150 strikes is from deep OTM calls/puts and is related to long-dated, structured positions, not near-term directional sentiment.

~The $315 Put with 0% IV is likely a data error or a crossed trade; ignore for analysis.

Key Conclusions

📈Strong bullish flow today targeting a move to $315-$320, supported by positive GEX.

⚖️Battle between new call buyers and legacy put hedges creates a defined range; watch $302.50-$320.

🎯Max pain and call OI create a magnetic pull toward $310-$320 in the near term.

How to Use These Reports

This flow reflects the market close on March 31, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

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What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.