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AVGO

Broadcom Inc.Close $446.77EOD only

Max Pain

$410.00

Next expiry Jun 1, 2026

Expected Move

±$13.70

3.1% from close

Price Gap

-36.77

Distance to max pain

IV Rank

High premium

P/C OI

1.15

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

AVGO Flow Report

Analysis based on market close April 14, 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 14, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned (Total GEX $71.5M, pin magnets at $390/$380); +1 GEX positive (dealer DEX +50.3M shares); -1 spot 5.8% above near-term MP ($360); +0.5 VIX 18.36

Watch next session: New premium or OI accumulation at $400 calls (current top premium net $21,492,945 at $400); Short-dated put flow at $355–$380 (exp 4/15–4/17) — sustained buying would flip the bias

Flow Summary

Net premium: +$114.7M bullish

P/C volume ratio: 1.21 — put-volume heavier intraday (put-dominant by contracts), but premium flow is call-skewed

P/C OI ratio: 1.09 — modest put OI tilt (positioning slightly put-heavy vs volume today)

Large call premium accumulation (notably at $400, $320, $420, $350) has produced a meaningful net premium bullish reading (+$114.7M), while put volume outpaced call volume intraday (P/C volume 1.21). Dealers/net GEX are strongly positive ($71.5M) with pinning at $390/$380, creating a short-term upward magnet even though positioning shows significant put OI clusters lower (300/250). The regime is mixed: short-dated put buying shows tactical bearish hedging or speculative shorts, but larger premium flow and positive GEX favor mild bullish pressure.

Notable Prints

AVGO 2026-04-15 $350 Put

Vol: 6,292

OI: 204

Vol/OI: 30.8x

IV: 50.8%

Notional: ~$25k

Intent: Short-dated tactical put buying (expiry hedge/speculative downside) into 4/15 expiration

Dual read: Aggressive buy-to-open (bearish/protective) OR dealer-structured sales into flow (overwrite/cash-secured puts); very small notional suggests retail/speculative activity more than institutional directional risk.

Read-through: Extremely high vol/OI but tiny dollar risk ($25k). Signals urgency/flow into the 4/15 expiry but not a large institutional directional bet.

AVGO 2026-04-17 $355 Put

Vol: 5,879

OI: 1,749

Vol/OI: 3.4x

IV: 49.3%

Notional: ~$441k

Intent: Meaningful protective put buying or short-dated directional bearish exposure ahead of 4/17

Dual read: Bought puts (bearish/protective) OR part of a short-dated floor/collar by an options desk (sell calls elsewhere to finance).

Read-through: Mid-six-figure notional suggests institutional / large-prop interest into the 4/17 expiry — if followed up, this could pressure the tape into expiry but GEX pinning may absorb some delta.

AVGO 2026-04-15 $370 Put

Vol: 2,758

OI: 693

Vol/OI: 4.0x

IV: 36.2%

Notional: ~$188k

Intent: Near-term protective buying or speculative directional puts into 4/15

Dual read: Bought puts (defensive/spec) OR block sell into liquidity by market makers; size and moneyness (3% OTM) point to tactical hedge.

Read-through: Notable sizing for a single-day expiry — consistent with a cluster of short-dated hedges layering into the same expiries as other prints.

AVGO 2026-04-17 $380 Put

Vol: 1,205

OI: 220

Vol/OI: 5.5x

IV: 41.8%

Notional: ~$737k

Intent: Potential protective/hedge buying at-the-money into 4/17 — significant dollar commitment compared with other shorts

Dual read: Bought puts (directional/insurance) OR part of structured trade (e.g., financed via call selling); ATM nature increases likelihood of pure hedging/speculation.

Read-through: Largest notional among short-dated put prints — this is a serious tactical hedge that dealers must hedge delta for, which could enhance pinning dynamics around spot if sustained.

Institutional Positioning

Call additions: Heavy premium accumulation at $400 (Net call premium $21,492,945) and $390 ($7,308,084) plus $320 and $420 — indicates institutions/flow sellers buying calls or buyers of calls leaning into higher strikes (320/390/400/420).

Put additions: Concentrated put activity short-dated in 350–380 expiries (4/15–4/17) and large OI clusters at lower strikes ($300, $250, $270) consistent with longer-dated defensive positioning.

GEX/DEX consistency: Yes — positive Total GEX $71.5M and DEX +50.3M shares align with net call premium and call-heavy premium flow; GEX concentration at $390 (+$13.4M) and $380 (+$4.8M) supports pinning near spot.

OI clusters: $390 call wall (15,069 OI), $400 call wall (~10,383 OI), and put clusters at $300 (13,257/9,746 OI combined) and $250 (12,672 OI) — near-term OI concentrates create a magnet/resistance around $390–$400 and a put-floor bias lower around $300–$250.

Hedging evidence: Clear short-dated protective put buying (4/15–4/17 at $350–$380) suggesting tactical hedges or speculative downside; limited evidence of broad collar activity in the data, but financed put structures can't be ruled out given large call premium flow.

Max pain context: Max pain near-term at $360 (4/15 & 4/20) with MP trend downward (360 → 310 across expirations). Spot ($380.78) sits above MP; dealer pinning at $390/$380 could hold price above the $360 MP into near expiries unless heavy put follow-through pushes spot down.

Signal vs Noise

~$350P (4/15) vol/OI 30.8x but extremely low notional (~$25k) — noise/retail-frenzy, not institutional directional risk.

~Much of put volume is concentrated in the front-week expiries (4/15–4/17) — could be expiration-driven hedging or speculative short-term bets rather than longer-term positioning.

~Large call premium at $400 and $320 appears strategic (high notional), while many put prints are small-notional; watch for expiration rolls — some short-dated puts look like expiry-related trades rather than new structural hedges.

~Dealer inventory adjustments: positive GEX (+$71.5M) and pin magnets indicate dealers are long gamma here; some prints could be market-maker delta-hedge flows rather than pure directional conviction.

Key Conclusions

🐂Net premium is strongly positive (+$114.7M) with heavy call premium at $400/$390 — sets a bullish premium backdrop despite elevated put contract counts.

📌Dealer pinning is concentrated at $390 and $380 (GEX +$13.4M and +$4.8M) — expect near-term magneting around those levels into expiries.

⚠️Front-week put buying (4/15–4/17) at $350–$380 is meaningful in some strikes (notably the $380 4/17 ATM print) — if follow-through occurs, it could flip short-term bias.

🔎Distinguish small-notional, high vol/OI prints (e.g., $350P 4/15) from true institutional hedges — many high vol/OI items are low-dollar and likely retail/expiry noise.

📈Overall positioning implies a mild bullish tilt with a downside put floor at lower strikes ($300/$250 clusters) — large call walls at $390–$400 create overhead resistance that also pins spot.

How to Use These Reports

This flow reflects the market close on April 14, 2026.

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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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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.