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AVGO

Broadcom Inc.Close $406.54EOD only

Max Pain

$372.50

Next expiry Apr 20, 2026

Expected Move

±$21.47

5.3% from close

Price Gap

-34.04

Distance to max pain

IV Rank

100

High premium

P/C OI

1.13

Slightly put-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 17, 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

Apr 17, 2026 close

AVGO Flow Report

Analysis based on market close April 10, 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 10, 2026. A newer flow report is available for April 17, 2026.

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Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 positive GEX pinning; -1 spot 16.1% above MP

Watch next session: Fresh call flow or OI buildup at $370-$380 (repeat of today's heavy premium); Any notable put flow at $360-$365 that would reduce GEX from +$58.8M

Flow Summary

Net premium: +$277.7M bullish

P/C volume ratio: 0.55 — call-dominant (heavy call volume)

P/C OI ratio: 1.12 — put OI slightly larger (longer-dated/structural protective puts), call OI concentrated in deep strikes

Institutional/smart-money flow is decisively call-biased today: large premium concentrated in $370-$400 calls drove a big net premium inflow. Dealers are long gamma (GEX +$58.8M) and positioned to sell exposure into rallies, creating a pinning environment in the mid-360s while structural put OI remains concentrated well below spot.

Notable Prints

AVGO 2026-04-17 $370.00 Put

Vol: 1,467

OI: 103

Vol/OI: 14.2x

IV: 44.7%

Notional: ~$1.21M

Intent: Short-dated directional/hazard hedge or sale into call flow (buyer of protection or seller rolling); concentrated into the 4/17 expiry so could be tactical

Dual read: Bought (protective/put speculation) or sold (dealer/flow liquidity) — both plausible given short DTE

Read-through: Significant activity in very near-dated $370 puts (ITM relative to strike parity) signals tactical interest around current spot; if follow-up put buying appears it would be the first sign of skid risk despite overall bullish regime.

AVGO 2026-05-01 $390.00 Call

Vol: 2,324

OI: 220

Vol/OI: 10.6x

IV: 48.1%

Notional: ~$2.30M

Intent: Fresh directional call buying (bullish speculation on 1-May expiration)

Dual read: Aggressive buyer (bullish) or structured seller leg (e.g., spread leg) — context of heavy call premium at nearby strikes favors bullish buy

Read-through: Adds to call premium concentration above spot; institutions are positioning for upside into early May rather than hedging down here.

AVGO 2026-04-15 $370.00 Call

Vol: 909

OI: 145

Vol/OI: 6.3x

IV: 44.5%

Notional: ~$727k

Intent: Near-term directional call buying / short-dated bullish exposure

Dual read: Bought (short-dated bullish) or sold/overwritten (less likely given net premium skew)

Read-through: Reinforces immediate bullish flow into mid-April expiries; paired with 4/17 $370 puts suggests two-way flow but net premium heavily skewed to calls.

AVGO 2026-04-17 $490.00 Call

Vol: 6,043

OI: 496

Vol/OI: 12.2x

IV: 69.5%

Notional: ~$24k

Intent: Speculative/volatility or structured large-multi-leg trade (far OTM call sweep)

Dual read: Vol/event directional lottery ticket (bullish) or part of complex spread/vol arb (neutral)

Read-through: Very large volume on a far-OTM strike with tiny notional — likely gamma/volatility play or leg in a larger structure; insufficient notional to indicate conviction bullish directional risk to $490.

Institutional Positioning

Call additions: $370-$400 calls (largest net premium: $370 net $26,538,858; $400 net $24,696,072; $380 net $20,182,370) — clear institutional call accumulation in the $370–$400 band across 4/17–5/01 expiries

Put additions: Structural put OI concentrated low: $250 (OI=14,095), $220 (OI=13,908) and layered $300 puts (OI clusters), plus short-dated tactical $370 puts noted — overall puts are heavier in OI but skewed to lower strikes and longer expiries

GEX/DEX consistency: Yes — positive Total GEX (+$58.8M) and long DEX (+47.0M shares) align with bullish flow and create dealer pinning pressure around mid-360s

OI clusters: Largest OI is unusual: $300 CALL OI=25,689 (deep ITM relative to spot) and deep put clusters at $250/$220; near-term call clusters at $360 (1,353 OI) and $365 (1,457 OI) create a magnet in the $360–$365 area

Hedging evidence: Limited evidence of large-scale protective collars — put OI is concentrated far below spot indicating structural downside protection rather than immediate hedging. Some short-dated protective put buying at $370 exists but overall hedging appears modest compared with call accumulation

Max pain context: Max pain is well below spot ($320 → $310 trend). Despite this, dealer gamma and concentrated near-term call OI (365/360) create a short-term pin/ magnet in the mid-360s while longer-dated max pain drifts lower.

Signal vs Noise

~Huge OI at $300 CALL (25,689) is structural and likely long-dated institutional positioning/rolls, not fresh directional flow.

~AVGO 2026-04-17 $490 Call (large volume but tiny notional) appears to be a volatility/lottery ticket or spread leg — not strong directional evidence.

~High OI on deep puts ($250, $220) is structural long-term protection and should not be read as near-term bearish intent.

~Some short-dated activity (4/15–4/17) likely includes expiration rolls and dealer inventory adjustments; interpret short-dated prints in context of overall net premium.

Key Conclusions

🐂Net premium is strongly bullish (+$277.7M) with concentrated call buying at $370–$400 — institutions are positioning for upside into late April/early May.

📍Dealer gamma is positive (GEX +$58.8M) and near-term GEX concentration at $365/$360 creates a pin/magnet in the mid-360s despite spot being $371.55.

🧭Watch $370–$380 call flow and any pickup in $360–$365 put buying — continuation of call flows will validate bullish thesis; buildup of puts there would invalidate it.

🧾Top OI is a mix of structural positions (deep $300 calls, $250/$220 puts) and tactical call accumulation nearer spot; interpret deep strikes as structural noise for near-term moves.

⚖️Despite falling max pain (down toward $310 over expiries), the immediate flow and positive GEX favor a short-term bullish environment constrained around $360–$365 pin levels.

How to Use These Reports

This flow reflects the market close on April 10, 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.