AVGO Flow Report

Analysis based on market close April 7, 2026

Directional Theta Gang Flow Earnings Consensus

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.

Read the Flow analysis for AVGO for 2026-04-07. 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.