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AVGO

Broadcom Inc.Close $414.14EOD only

Max Pain

$420.00

Next expiry May 26, 2026

Expected Move

±$11.88

2.9% from close

Price Gap

+5.86

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.15

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

AVGO Flow Report

Analysis based on market close April 7, 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 7, 2026. A newer flow report is available for May 22, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.9% from MP

Watch next session: Sustained call buying or OI build at $330-$335 (short-term pin zone); Any large put flow at $320 or below that flips net premium

Flow Summary

Net premium: +$444.2M bullish

P/C volume ratio: 0.48 — call-dominant (strong)

P/C OI ratio: 1.16 — modest put OI backlog but today's flow is call-heavy

Heavy, concentrated call buying across strikes $300, $320-$340 with net premium overwhelmingly positive (+$444.2M). Dealers are long gamma (GEX +$41.3M) which supports pinning around the $330-$335 area; flow looks like directional call accumulation rather than defensive put buying.

Notable Prints

AVGO 2026-07-17 $300 Call

Vol: 25,058

OI: 664

Vol/OI: 37.7x

IV: 54.2%

Notional: ~$137.2M

Intent: Fresh directional long-dated call accumulation — large directional bullish bet or buy-to-open for covered/structured exposure

Dual read: Could be institutional bullish exposure or long-dated call leg for a complex spread; size and notional favor outright bullish position

Read-through: Material long-dated bullish conviction anchored at a deep structural level ($300). Suggests institutional willingness to own substantial upside exposure — supports bullish regime and dealer hedging that buys shares into upside moves.

AVGO 2026-04-08 $330 Call

Vol: 12,114

OI: 1,118

Vol/OI: 10.8x

IV: 65.1%

Notional: ~$8.24M

Intent: Near-term directional call buying (expirationed pin/short-covering) or gamma-driven trade into April 8 expiration

Dual read: Could be buy-to-open bullish or sell-to-close by short-call sellers; concentrated volume into short dated strikes often indicates dealer hedging flows

Read-through: Reinforces immediate pin pressure near $330; combined with positive GEX this will encourage dealer share-buying if spot dips, supporting short-term price support.

AVGO 2026-04-08 $332.50 Call

Vol: 5,758

OI: 173

Vol/OI: 33.3x

IV: 63.6%

Notional: ~$2.88M

Intent: Aggressive short-dated call buying into the pin band — likely directional bullish or front-month repositioning

Dual read: Either fresh bullish buys or roll/leg of a larger structure; high vol/oi suggests new activity rather than routine hedging

Read-through: Adds to concentration of flow around $330-$335 that will create dealer delta demand near these strikes into expiration.

AVGO 2026-04-08 $335 Call

Vol: 5,966

OI: 167

Vol/OI: 35.7x

IV: 62.6%

Notional: ~$2.27M

Intent: Short-dated bullish call accumulation in the immediate pin band

Dual read: Likely bought-to-open bullish; could be part of a call spread but size and IV skew point to directional buying

Read-through: Concentrated supply of short calls around $332.5-$335 strengthens near-term pin risks and dealer gamma positioning that supports spot above this band.

AVGO 2026-04-08 $340 Call

Vol: 6,080

OI: 160

Vol/OI: 38.0x

IV: 60.8%

Notional: ~$1.14M

Intent: Short-dated bullish calls further out in the expected move — directional buying or speculative squeeze

Dual read: Could be smaller tactical bullish bets or part of call-spread structures; still consistent with call bias

Read-through: Supports skew of short-dated call demand across the $330-$345 corridor; additional upside gamma demand for dealers if spot rises toward $342.75.

Institutional Positioning

Call additions: $300 (very large premium $263.69M) and concentrated short-term/near-spot calls $320-$340 (notable activity at $330, $332.50, $335,$340). Net premium and vol point to institutions adding call exposure across near and longer-dated expirations.

Put additions: Limited — bulk of put OI is lower-strike structural protection ($250, $220, $260 OI clusters) but today's flow shows minimal fresh put premium versus calls. A small fresh put print at $325 (4/17) exists but dwarfed by call flow.

GEX/DEX consistency: Yes — positive Total GEX $+41.3M and DEX +43.2M shares align with bullish call-heavy flow and pinning around $330-$335.

OI clusters: Large OI clusters: $300 CALL OI 27,915 (concentrated premium), $390 CALL OI 15,299; puts clustered at $250 (14,107), $220 (13,917), $300 PUTs (13,339). Near-term OI shows call clusters at $330 (4,562), $325 (2,040), $320 (3,625) creating a magnet in the $320-$335 band.

Hedging evidence: Dealer hedging profile shows positive gamma and likely delta-buying into dips around $330. Evidence of large-scale protective puts is structural (deep OI at low strikes) but not a near-term inflow; minimal collar activity signaled in today's flow.

Max pain context: Max pain pins cluster near $310-$312 for immediate expirations, but spot is above MP. With spot at $333.97 and heavy call flow, MP is unlikely to pull spot down in the short-term — instead dealer gamma and call demand favor pinning around $330-$335 rather than the MP $312 area.

Signal vs Noise

~Many prints concentrated on 2026-04-08 strikes: likely expiration-driven activity (short-dated gamma/pin flow) — not all are pure directional bets.

~Large notional at $300 (long-dated 7/17) is directional; short-dated heavy volume at $330-$340 may include dealer inventory adjustments and gamma scalping rather than pure directional conviction.

~$300 call premium spike could be part of structured transactions (buy-write or call-heavy financing) given huge notional — dual interpretation possible.

~Small put print AVGO260408P00300000 (Vol 3,896, OI 456) shows elevated vol but very high IV (93%) — could be volatility arbitrage or cheap tail hedge rather than directional push.

Key Conclusions

🐂Flow is decisively bullish: net premium +$444.2M and P/C vol 0.48; major long-dated institutional buy at $300 (7/17) signals committed upside exposure.

📌Pin risk concentrated at $330-$335 — multiple short-dated call prints and GEX concentrations (e.g., +$5.0M at $330, +$2.4M at $332.50) set a near-term magnet.

🛡️Limited fresh protective put buying today; structural put OI sits well below spot ($220-$300 floors) but recent flow is call-dominant — downside hedges are low relative to call accumulation.

🔎Watch for next-session confirmation: continued $330-$335 call OI build or retention of net premium; a flip to sizable put flow at $320 would invalidate the bullish read.

🧭Key actionable levels: support cluster around $330 (GEX +$5.0M), secondary support $325 (EM/near-term GEX), resistance near $342.75 (2d EM bound) and structural call wall $360 within 10% band.

How to Use These Reports

This flow reflects the market close on April 7, 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.