Home Options AVGOReports

AVGO

Broadcom Inc.Close $414.57EOD only

Max Pain

$417.50

Next expiry May 22, 2026

Expected Move

±$8.05

1.9% from close

Price Gap

+2.93

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.15

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

AVGO Flow Report

Analysis based on market close April 6, 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 April 6, 2026. A newer flow report is available for May 21, 2026.

View latest report

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP

Watch next session: $315C OI buildup at 1,436 volume; Net premium direction at $380 strike; IV term structure shift post-04-10 expiry

Flow Summary

Net premium: +$19.1M bullish

P/C volume ratio: 1.16 — put-dominant

P/C OI ratio: 1.16 — moderate put lean

Net premium bullish but volume put-heavy suggests hedging. Mixed flow with institutional put buying at deep OTM strikes offset by call positioning near spot. IV term structure shows a volatility hump in near-term expiries (04-08: 47.5%, 04-10: 49.2%) dropping sharply to 42.3% by 04-13, indicating priced event risk.

Notable Prints

AVGO 2026-04-08 $315 Call

Vol: 1,436

OI: 149

Vol/OI: 9.6x

IV: 46.6%

Notional: ~$564,000

Intent: Directional call buying near spot, possibly part of volatility trade given high near-term IV

Dual read: Bought (bullish breakout bet) or sold/covered (neutral/volatility sale)

Read-through: Largest near-term unusual call, aligns with GEX pin magnet at $320; high IV (46.6%) suggests participation in elevated near-term volatility

AVGO 2026-12-18 $220 Put

Vol: 3,058

OI: 436

Vol/OI: 7.0x

IV: 50.8%

Notional: ~$37.9M

Intent: Long-term protective put or portfolio hedge

Dual read: Bought (bearish hedge) or sold (income generation)

Read-through: Deep OTM, high notional suggests institutional hedging, not near-term directional; IV 50.8% aligns with longer-term elevated volatility

AVGO 2026-05-01 $275 Put

Vol: 1,294

OI: 231

Vol/OI: 5.6x

IV: 51.2%

Notional: ~$4.3M

Intent: Intermediate-term put buying for downside protection, possibly exploiting IV term structure

Dual read: Bought (bearish) or sold (neutral/income)

Read-through: Strike 13% below spot, aligns with put floor $220-$280 structural level; IV 51.2% reflects higher volatility in this expiry vs near-term dips

AVGO 2026-04-08 $325 Call

Vol: 769

OI: 164

Vol/OI: 4.7x

IV: 45.0%

Notional: ~$615,000

Intent: OTM call buying for upside exposure, potentially part of volatility spread given IV context

Dual read: Bought (bullish) or sold (neutral/volatility sale)

Read-through: Part of cluster near $320-$330, supports GEX pin magnet thesis; IV 45.0% below near-term peaks suggests relative value

AVGO 2026-04-10 $287.50 Put

Vol: 793

OI: 131

Vol/OI: 6.0x

IV: 58.4%

Notional: ~$468,000

Intent: Near-term put buying for hedge or directional bet, capitalizing on high IV (58.4%)

Dual read: Bought (bearish) or sold (income/volatility sale)

Read-through: Strike 9% below spot, adds to put OI cluster near $285-$300; elevated IV indicates event risk pricing

Institutional Positioning

Call additions: $315-$330 calls in April expirations, with OI clusters at $320 (1,891) and $330 (1,827); some may be legs of volatility spreads given IV term structure

Put additions: Deep OTM $220-$280 puts across multiple expirations, plus near-term $285-$305 puts; elevated IV in some expiries suggests volatility positioning

GEX/DEX consistency: Yes — positive GEX $277K supports pinning, flow mixed but aligns with GEX concentration at $320; volatility trades may overlay directional flow

OI clusters: Calls: $300 (27,899), $390 (15,304), $360 (11,655); Puts: $250 (14,068), $220 (13,918), $300 (13,447); clusters provide liquidity for volatility strategies

Hedging evidence: Significant long-dated put buying at $220 (30% OTM) with $37.9M notional, plus intermediate $275 puts; high IV in these expiries indicates volatility premium paid

Max pain context: MP at $310-$315 near-term, spot $314.43 slightly above, supporting pinning regime; flat MP trend across expiries reduces directional bias for volatility trades

Signal vs Noise

~Deep OTM $220 put volume (3,058) is likely portfolio hedging, not near-term directional; high IV (50.8%) suggests volatility component

~$380 put net premium -$8.5M is large but may be part of structured trade or volatility spread given extreme strike

~Near-term put flow at $287.50-$300 could be expiration rolls, hedging, or volatility positioning given elevated IV (e.g., 04-10 $287.50 Put IV 58.4%)

~High volume in near-term calls (e.g., 04-08 $315C) may include volatility trades exploiting IV hump, not purely directional bets

Key Conclusions

📊IV term structure shows pronounced hump: 04-10 expiry at 49.2% vs 04-13 at 42.3% (6.9-point drop), indicating priced near-term event risk and volatility trade opportunity

🔄Reverse calendar spread viable: sell high-IV near-dated (e.g., 04-10 $315 strike) and buy lower-IV farther-dated (e.g., 04-17 $315 strike) to capitalize on volatility crush

📌Strong GEX pin magnet at $320 (+$2.4M) with call OI clusters, likely containing upside near-term; aligns with max pain $310-$315 for volatility trade strikes

🛡️Institutional hedging evident via deep OTM $220 puts ($37.9M notional) and intermediate $275 puts, with elevated IV reflecting volatility premium

How to Use These Reports

This flow reflects the market close on April 6, 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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

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.