AVGO Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings

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.

Read the Flow analysis for AVGO for 2026-03-31. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.