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AVGO

Broadcom Inc.Close $379.75EOD only

Max Pain

$345.00

Next expiry Apr 15, 2026

Expected Move

±$12.94

3.4% from close

Price Gap

-34.75

Distance to max pain

IV Rank

High premium

P/C OI

1.08

Balanced positioning

Consensus

6.5/10

Range bias

Published snapshot: Apr 13, 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 13, 2026 close

AVGO Flow Report

Analysis based on market close April 13, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.5% from MP; +0.5 VIX 19

Watch next session: Follow ongoing call premium at $380 and $370 (net premium, delta of dealer hedges); Flows into $365-$375 puts (especially expiries 4/15-4/17) that would increase P/C volume ratio above 1.3

Flow Summary

Net premium: +$162.1M bullish

P/C volume ratio: 1.13 — modest put volume skew (slight put-heavy by count)

P/C OI ratio: 1.08 — OI slightly put-biased but not extreme

Despite a modest put skew by volume/OI, premium flow is strongly call-weighted (large net call premium at 370–380 and substantial call activity to $400), and dealers are net long gamma (GEX +$75.6M) which favors pinning around near-term strikes. Flow is mixed on the surface (put volume on short-dated expiries) but leans bullish in dollar-premium terms.

Notable Prints

AVGO 2026-04-13 $375 Call

Vol: 10,784

OI: 1,570

Vol/OI: 6.9x

IV: 38.8%

Notional: ~$56.6M

Intent: Fresh directional call buying / position opening (large notional, ITM call on expiry day suggests bullish delta accumulation or covered-call roll mechanics)

Dual read: Aggressive buyer (bullish) or dealer sold/overwritten into expiry (neutral-to-bullish net dealer gamma exposure)

Read-through: Major bullish premium concentrated at $375 pushes dealer hedges to sell into rises near that strike — consistent with GEX pinning and a short-term magnet around $375-$380.

AVGO 2026-04-13 $355 Put

Vol: 6,713

OI: 153

Vol/OI: 43.9x

IV: 51.6%

Notional: ~$13.4K

Intent: Expiry-driven put buying or aggressive sweep (very high vol/OI on 0d expiry trade)

Dual read: Could be panic hedge buying into close (bearish) or closing/roll activity by sellers who previously shorted (neutral)

Read-through: High vol/OI is unusual but last price tiny — likely expiration roll or gamma pinning activity rather than a large directional institutional protective put program.

AVGO 2026-04-13 $375 Put

Vol: 6,550

OI: 270

Vol/OI: 24.3x

IV: 10.9%

Notional: ~$6.6K

Intent: Expiry-sweep activity (volume concentrated on day-of-expiry at strike very near spot)

Dual read: Could be short-covering into expiry (reducing prior put exposure) or last-minute hedging (protective puts); low last price implies limited notional risk transfer

Read-through: Large vol/OI suggests expiry pin action around $375 rather than new directional conviction.

AVGO 2026-04-13 $370 Put

Vol: 4,344

OI: 450

Vol/OI: 9.7x

IV: 20.3%

Notional: ~$4.3K

Intent: Day-of-expiry put activity — likely defensive hedging or rolls

Dual read: Defensive buys (bearish) or closing/rolls (neutral)

Read-through: Adds to expiration-day noise; insufficient notional to signal large directional repositioning.

AVGO 2026-04-17 $357.50 Put

Vol: 2,973

OI: 285

Vol/OI: 10.4x

IV: 46.7%

Notional: ~$3.7M

Intent: Short-dated directional put buying/hedge into the 4/17 expiry (meaningful notional and IV)

Dual read: Bought protective puts (hedge) or opening bearish directional position

Read-through: This is a meaningful short-dated hedge sized to protect below ~357.50; watch if follow-through buying pushes P/C ratio higher.

Institutional Positioning

Call additions: Heavy premium at $370-$380 and notable call OI at $390/$400 (premium flows show $380 net $16.5M, $370 net $13.2M, $400 net $7.33M). Institutions appear to be adding call exposure in the $370–$400 band.

Put additions: Put activity concentrated short-dated around $355–$375 (exp 4/13–4/17) and longer-dated clusters at $350 and $300. Some protective buying into 4/17 at $357.50 is evident.

GEX/DEX consistency: Yes — positive Total GEX $75.6M and DEX +50.6M shares align with dollar call dominance and pinning posture around near-term strikes.

OI clusters: $300 call OI (25,669) is a structural long-term anchor below current prints; near-term call clusters at $375 (1,570 OI), $370 (1,084 OI), $365 (1,091 OI) create localized pin attraction; put clusters at $350 (2,151 OI), $360 (1,516 OI) act as support floors in the short term.

Hedging evidence: Evidence of short-dated protective puts (4/17 $357.50) and expiry-day activity at $355–$375 suggests tactical hedging and roll activity; no large-scale collar program is obvious from the flows.

Max pain context: Max pain for today shows $360 (4/13) with nearby expiries stepping lower (345 on 4/15, 330 on 4/17). MP trend is falling, implying dealers/option supply want the spot lower over the term, but current positive GEX and concentrated call premium are producing short-term pinning around $370–$375 while MP drifts down for later expiries.

Signal vs Noise

~Multiple large-volume trades on 2026-04-13 strikes (4/13 expiries) are likely expiry-driven (roll/close) rather than new directional allocations — treat 4/13 prints as noise unless followed up in 4/15+ flow.

~Tiny-last-price sweeps (many $0.01/$0.02 prints) look like pinning/execution fills or market-maker rebalances, not large directional transfers.

~High vol/OI ratios on very short-dated puts (e.g., $355 4/13) are typical of expiration gamma/pinning activity — do not over-interpret as institutional long-term bearish positioning.

~Large distant structural OI (e.g., $300 calls OI=25,669) reflects multi-expiry positioning and is structural (hedge or long-dated positioning) — not immediate directional trigger.

Key Conclusions

🐂Call-premium dominance ($162.1M net) concentrated at $370–$380 indicates dollar-weighted bullishness despite a modest put count skew.

📌Dealer GEX +$75.6M and near-term GEX concentration at $375/$370/$365 create a pin magnet in the $365–$375 band — expect spot to gravitate there absent large sell flows.

⚠️Expiry-day prints (4/13) dominate unusual activity — treat many of those as expiry/roll noise; the more meaningful hedge to watch is 4/17 $357.50 put activity (~$3.7M notional).

🧭Key support levels: $375.00, $370.00, $365.00 (dealer hedging and put OI concentrations). Resistances: $392.69 (2d EM upper), $396.80 (1w EM upper), and structural call wall at $400.00.

🔍If call premium flow continues and spot holds above $378, dealers will front-run hedges and likely maintain pinning — a flip to heavy put premium at $365–$375 is the clearest signal that the short-term bias has rotated.

Read the Flow analysis for AVGO for 2026-04-13. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.