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AVGO

Broadcom Inc.Close $398.47EOD only

Max Pain

$345.00

Next expiry Apr 17, 2026

Expected Move

±$6.71

1.7% from close

Price Gap

-53.47

Distance to max pain

IV Rank

100

High premium

P/C OI

1.12

Slightly put-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Apr 16, 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 16, 2026 close

AVGO Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 17.0% from MP; +1 VIX 17

Watch next session: Spot vs MP movement and delta into gamma flip (~290); Follow large put 4/17 and short-dated put OI activity; Call volume/rolls into May expirations

Flow Summary

Net premium: +$286.5M bullish

P/C volume ratio: 0.68

P/C OI ratio: 1.13

GEX and flow are aligned bullish with dex buying and concentrated short-dated calls supporting pinning; sizeable put activity and spot>MP are the main bearish checks.

Notable Prints

AVGO 2026-04-17 $400.00 Put

Vol: 9,019

OI: 348

Vol/OI: 25.9x

IV: 13.3%

Notional: ~$18K

Intent: sell-to-open short put for income/risk transfer (collect premium)

Dual read: naked income, covered-equity financing, or part of a larger spread

Read-through: reduces downside exposure via premium collection rather than buying protection

AVGO 2026-04-20 $365.00 Put

Vol: 2,074

OI: 128

Vol/OI: 16.2x

IV: 50.5%

Notional: ~$21K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-05-08 $345.00 Call

Vol: 844

OI: 173

Vol/OI: 4.9x

IV: 51.8%

Notional: ~$5.2M

Intent: deep-call directional/speculative buy

Dual read: stock-replacement or volatility play

Read-through: big bullish bet or lottery ticket

AVGO 2026-07-17 $550.00 Call

Vol: 710

OI: 145

Vol/OI: 4.9x

IV: 47.1%

Notional: ~$351K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-04-24 $450.00 Call

Vol: 604

OI: 129

Vol/OI: 4.7x

IV: 39.6%

Notional: ~$26K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated call buys around 420–450 (notable 420/430/450 expiries) — increases probability of pinning into that band but not a certainty and timing is uncertain.

Put additions: Substantial put OI cluster (~13,147 contracts, ~28.7% below spot) at ~400/385/365; single large short-dated put prints exist but the bulk cluster could materially drive downside hedging/liquidity.

GEX/DEX consistency: GEX +$83.6M and DEX +56.1M shares lean bullish and are consistent with call-heavy flow, though mixed hedges temper conviction.

OI clusters: Largest OI: 420C (502), 430C (339+185); large put cluster near 400 area; gamma flip ~290 increases uncertainty around extreme moves.

Hedging evidence: Mix of short-dated puts and longer-dated calls suggests both directional bets and hedges/collars; unclear split between protection vs. directional exposure.

Max pain context: Spot sits above MP; flows and GEX raise the probability of drift toward 420–450 bands over time, but not a guaranteed pin and timing is ambiguous.

Signal vs Noise

~Signal: aligned GEX/DEX and call concentrations raise probability of pinning to 420–450 over the cycle.

~Signal: meaningful put OI cluster (~13k) could force downside hedging and affect liquidity, not merely noise.

~Noise: isolated large short-dated put prints may be sweeps or hedges and should be treated cautiously.

Key Conclusions

📌Higher probability, not certainty, of price gravitating toward 420–450 given call OI plus GEX/DEX; timing uncertain.

⚠️Large put cluster near 400 is material — could trigger downside hedging and influence liquidity despite some noisy prints.

🔁Mixed hedging and gamma flip distance increase dispersion risk; monitor short-dated flows for directionality.

Read the Flow analysis for AVGO for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.