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AVGO

Broadcom Inc.Close $422.01EOD only

Max Pain

$415.00

Next expiry May 27, 2026

Expected Move

±$8.62

2.0% from close

Price Gap

-7.01

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.17

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 26, 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 26, 2026 close

AVGO Flow Report

Analysis based on market close April 8, 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 8, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.2% above MP

Watch next session: Follow continued premium and volume at $350 call complex (today net $23.8M on $350 strike / large chain vol at $350C); Watch put flow at $340-$335 (AVGO260410P00340000 & P00335000) and whether dealers buy hedges (would reduce GEX)

Flow Summary

Net premium: +$208.4M bullish

P/C volume ratio: 0.66 — call-dominant (call-heavy day)

P/C OI ratio: 1.13 — modest put OI concentration overall but today's volume favors calls

Clean call-dominant flow into near-term expirations concentrated around $340-$360 strikes. Dealers are net long gamma (GEX +$62.8M) and positioned to pin AVGO near current spot ($350) in the short run; this is reinforced by heavy call premium at $350, $320 and $330 and large call volume at $360.

Notable Prints

AVGO 2026-04-10 $360 Call

Vol: 6,799

OI: 1,340

Vol/OI: 5.1x

IV: 46.4%

Notional: ~$1,033,448

Intent: Directional call buying / short-dated upside placement into the 2d expected-move

Dual read: Aggressive buyers of calls (bullish) OR dealers taking the other side and selling calls (collector/overwriting); context (net premium, P/C 0.66) favors buyer interpretation.

Read-through: Large short-dated call flow at $360 increases upside pressure into the 2d EM band ($340.66-$360.61) and contributes to positive GEX that pins spot near $350-$355.

AVGO 2026-04-10 $340 Put

Vol: 2,203

OI: 203

Vol/OI: 10.9x

IV: 53.5%

Notional: ~$385,525

Intent: Protective/hedge buying or speculative short-term bearish exposure just below spot

Dual read: Bought puts (defensive/hedge) or written puts (aggressive sell-to-open/roll); given overall call skew and large net premium, this likely reads as targeted hedging (buyers paying up for short-dated downside protection).

Read-through: Significant short-dated demand for downside insurance at $340 creates dealer delta needing to buy stock if price falls below this level — a potential support magnet if dealers delta-hedge.

AVGO 2026-04-10 $335 Put

Vol: 1,657

OI: 209

Vol/OI: 7.9x

IV: 57.3%

Notional: ~$173,985

Intent: Short-dated downside protection or speculative put purchase deeper under spot

Dual read: Likely purchased as downside insurance (bearish tail hedge) though could be part of a multi-leg (collar) tied to call selling elsewhere.

Read-through: Reinforces clustered short-dated put demand just below spot; if exercised, these strikes add to dealer hedging flow and short-term support between $340-$335.

AVGO 2026-04-10 $350 Call (chain aggregated activity)

Vol: 4,781

OI: 4,058

Vol/OI: 1.2x

IV: 50.1%

Notional: ~$2,548,273

Intent: Fresh directional call buying and/or roll into near-term upside exposure concentrated at-the-money

Dual read: Aggressive buyers of ATM upside (bullish) OR writing of calls by large institutions (neutral/covered); given net premium +$23.8M at the $350 level and positive GEX, this leans bullish.

Read-through: Heavy activity at the ATM $350 call is the principal driver of the day's net premium and strengthens the GEX pin at $350 (GEX +$5.2M at $350).

AVGO 2026-04-10 $357.50 Call

Vol: 1,107

OI: 130

Vol/OI: 8.5x

IV: 47.6%

Notional: ~$228,849

Intent: Directional upside spread leg or naked call buy into near-term upside; tight maturity suggests gamma-seeking/short-dated upside positioning

Dual read: Bought calls for upside (bullish) or sold as part of a buyer-structured spread; where combined with $360/$370 flow it reads bullish.

Read-through: Adds to pressure pushing spot toward the top of the 2d EM; consistent with concentrated call premium across $350-$360 strikes.

Institutional Positioning

Call additions: $320-$360 strikes (notably $350 & $360) across 4/10 and near-term expirations — heavy premium at $350 ($34.65M call premium) and elevated call volumes at $360 and $352.50.

Put additions: Short-dated protective buys at $340 and $335 (high vol/oi ratios) and sustained multi-expiry put OI at $250-$300 bands; larger put OI clusters at $300 and lower reflect longer-dated floors rather than immediate directional pressure.

GEX/DEX consistency: Yes — positive Total GEX $62.8M and DEX +46.2K shares match the bullish, pinning flow concentrated around $345-$355.

OI clusters: Largest near-term call OI clusters: $330 (4,653), $350 (4,058), $320 (3,480), $345 (3,053). Put clusters concentrated lower: $225 (4,796), $300 (3,322), $265 (3,032). These call clusters create a short-term pin around $350-$345; put clusters form a broader floor below $300.

Hedging evidence: Clear evidence of short-dated protective puts at $340/$335 (likely institutional hedges); limited explicit collar evidence in prints, but combined large call buys with isolated put purchases suggest protective or size-managed bullish positioning.

Max pain context: Max pain is materially lower (~$312 across expirations) but current flow and positive GEX are pinning spot well above MP; dealers have short-dated gamma exposure that supports spot near $350 in the coming sessions.

Signal vs Noise

~Some short-dated $300/$325 long-dated call OI and very large existing put OI at low strikes are structural positioning (long-term floors) and not immediate directional signals.

~High aggregated premium at $350 may include structured trades or rolls (expiration liquidity) — isolate single-print behavior rather than assuming all premium equals outright buys.

~Multi-leg activity around distant strikes (e.g., $470 calls exp 4/17) likely reflects volatility plays or verticals and should not be read as near-term directional conviction.

Key Conclusions

🐂Net premium is strongly bullish today (+$208.4M) with concentrated call buying at $350-$360 driving positive GEX (+$62.8M).

📌GEX pinning cluster at $350/$345 makes those levels the short-term price magnet (GEX +$5.2M at $350, +$3.7M at $345).

🛡️Significant short-dated put buying at $340 and $335 (very high vol/OI ratios) signals tactical downside hedging — watch dealer hedges if price moves down.

⚖️Flow vs OI split: today's volume favors calls while longer-dated OI retains sizable put clusters down around $225-$300 — this is bullish in the near term but leaves a structural put floor below $300.

👀Watch whether call flow persists into tomorrow; a sustained call-dominant session will confirm the pin and increase upside probability into the 2d EM top ($360.61).

How to Use These Reports

This flow reflects the market close on April 8, 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.