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AVGO

Broadcom Inc.Close $459.97EOD only

Max Pain

$415.00

Next expiry Jun 5, 2026

Expected Move

±$43.20

9.4% from close

Price Gap

-44.97

Distance to max pain

IV Rank

High premium

P/C OI

1.13

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 1, 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

Jun 1, 2026 close

AVGO Flow Report

Analysis based on market close April 15, 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 15, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

7.5 / 10

Score anchored to deterministic inputs: base 5; +2 alignment between net premium (+$740.3M) and positive GEX (+$82.4M); +0.5 for concentrated near-term call premium at $390-$400 and large July call block; -1 for spot sitting ~8% above front max pain levels and presence of front-week protective prints. All components are drawn from the provided pre-computed fields and notable prints.

Watch next session: Whether call volume persists at $390-$400 strikes (flows matching the $14.9M and $13.7M GEX pockets).; Whether front-week put prints ($377.50/$380/$390) and the 2,566-lot $380 front-week print are followed by additional buying or are one-off insurance executions.

Flow Summary

Net premium: +$740.3M bullish

P/C volume ratio: 0.48

P/C OI ratio: 1.13

Flow is call-leaning but with meaningful tactical hedging: large multi-month call accumulation (notably the July $360 block and concentrated premium at $300/$360/$390/$400) drives a bullish read, while front-week put buying (AVGO260417P00390000 and AVGO260417P00380000) and sizeable May $395 ITM call activity (AVGO260501C00395000) show short-term risk management. The mix reads as institutions adding directional upside exposure while buying limited, tactical short-dated insurance rather than a wholesale bearish rotation.

Notable Prints

AVGO260417P00390000

Vol: 4,030

OI: 165

Vol/OI: 24.4x

IV: 41.9%

Notional: ~$1.2M

Intent: Aggressive short-dated protective put buying (front-week hedge)

Dual read: Could be short-seller protective buys or clients hedging existing long equity exposure; unusually high vol-to-OI (24.4x) and 2-day expiry point toward tactical downside insurance rather than long-term directional put accumulation.

Read-through: Front-week hedging pressure — watch whether these fills are followed by additional front-week put asks; if persistent, it would cap near-term upside and indicate risk-off overlay to the broader bullish flow.

AVGO260717C00360000

Vol: 30,086

OI: 1,988

Vol/OI: 15.1x

IV: 51.0%

Notional: ~$176.3M

Intent: Large directional call accumulation (multi-month bullish exposure)

Dual read: Could be part of a call-sell/put-buy conversion pair or a calendar spread leg, but volume (30,086) vs OI (1,988) and its ITM status (strike $360 is ITM) favors fresh long call buying or long-call-heavy structures.

Read-through: Significant institutional bullish positioning for medium-term upside; supports sustained upside bias and dealer gamma positivity unless offsetting long-dated puts materialize.

AVGO260501C00435000

Vol: 1,058

OI: 107

Vol/OI: 9.9x

IV: 44.1%

Notional: ~$323K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO260501C00415000

Vol: 1,678

OI: 177

Vol/OI: 9.5x

IV: 44.4%

Notional: ~$1.3M

Intent: Directional OTM call demand targeting the $410 area (bullish upside exposure).

Dual read: Could be part of a defined buy-write or call-spread (selling nearer-term calls) but volume (1,678) vs OI (177, 9.5x) and mid-term expiry (2026-05-01) tilt to fresh call purchases.

Read-through: Reinforces institutional interest in pushing through the $408-414 EM band and the $410 pin region; if repeated, dealers will need to buy underlying to hedge, supporting price.

AVGO260417P00377500

Vol: 1,210

OI: 261

Vol/OI: 4.6x

IV: 46.0%

Notional: ~$99K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: $300 (large structural OI and premium concentration), $360 (big premium concentration), $390-$400 (near-term call premium pockets and GEX pin magnets), and OTM $410/$420 interest in May expirations.

Put additions: Front-week puts at $377.50/$380/$390 indicate tactical protective buying; longer-dated put OI remains concentrated in the $250-$320 area (structural put floor).

GEX/DEX consistency: Yes — flow (net premium +$740.3M) aligns with a positive dealer gamma environment (GEX +$82.4M) and DEX +54.1M shares. Dealer hedging of call demand supports pinning near $390-$400.

OI clusters: Largest OI clusters sit at $300 CALL (25,666 OI), $390 CALL (14,379 OI), $400 CALL (10,654 OI) and put concentrations at $250/$290/$300 (multi-expiry). These create a short-to-medium term magnet in the $390-$400 band with a structural left-tail put floor between $220-$300.

Hedging evidence: There is clear short-dated hedging (front-week $377.50-$390 puts) alongside large-term call accumulation — a classic institutional posture: buy upside while buying limited short-dated insurance. No evidence of wholesale collaring dominating the flow; protective puts appear tactical rather than pervasive.

Max pain context: Max pain for front expirations sits below spot ($367.50 today, falling to $340 across short expiries) but premium and GEX pockets at $390-$400 create an opposing pin — institutional call demand is counteracting the MP pull, leading to the current pinning regime above the MP.

Signal vs Noise

~The AVGO260717C00360000 large July call block could include spread legs or conversion pair components; confirm with follow-up prints or ask/bid aggression before treating as pure buy.

~Front-week put prints (AVGO260417P00390000, AVGO260417P00380000) likely tactical hedges (insurance) rather than a directional put accumulation signal — common ahead of short-term risk windows.

~Smaller OTM calls (e.g., AVGO260501C00435000) and isolated high vol/OI ratios in thin strikes can be one-off structured trades or block trades; look for repeat flow before inferring trend change.

~Large structural OI at $300 (calls and puts across expiries) is legacy positioning and not necessarily new directional conviction — treat as a structural magnet unless attacked by fresh flow.

Key Conclusions

🐂Net flow is bullish: +$740.3M premium with large multi-month call accumulation (notably the July $360 block) and dealer GEX +$82.4M supporting pinning around $390-$400.

🛡️Tactical front-week put buying at $377.50-$390 is insurance, not a wholesale bearish pivot — watch if it expands beyond front-week expiries.

📍Key levels to monitor: Support near $367.50 and $366.47; Resistance at $400.00 and $426.97. Near-term EM guardrails ($385.15/$408.30) provide actionable intraday bands.

How to Use These Reports

This flow reflects the market close on April 15, 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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

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.