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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasMixed
Confirmation: Large call prints around 400–410, +$61.7M GEX and positive GEX/flow alignment support upside pinning near those strikes.
Invalidation: Elevated put activity, P/C>1 and spot above MP plus concentrated short-dated puts risk downside and can negate pinning if spot falls toward gamma flip.
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +0.5 VIX 19

Watch next session: Monitor prints/volume at 395–410 strikes; Watch intraday spot vs MP and GEX changes; Watch IV spikes and unusual put fills

Flow Summary

Net premium: +$122.8M bullish

P/C volume ratio: 1.11

P/C OI ratio: 1.17

Mixed pinning: strong call flow and positive GEX suggest range control near 395–410, but heavy put interest and P/C>1 leave meaningful downside risk if spot slips below the gamma flip.

Notable Prints

#1
AVGO 2026-04-20 $397.50 Put
Vol: 4,418
OI: 159
Vol/OI: 27.8x
IV: 5.2%
Notional: ~$4K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#2
AVGO 2026-04-22 $420.00 Call
Vol: 1,829
OI: 105
Vol/OI: 17.4x
IV: 38.0%
Notional: ~$73K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
AVGO 2026-04-20 $397.50 Call
Vol: 5,333
OI: 327
Vol/OI: 16.3x
IV: 19.3%
Notional: ~$992K
Intent: significant upside exposure
Dual read: directional buy vs part of spread

Read-through: boosts near-term gamma and upside focus

#4
AVGO 2026-04-20 $395.00 Put
Vol: 5,084
OI: 320
Vol/OI: 15.9x
IV: 10.2%
Notional: ~$5K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AVGO 2026-04-20 $407.50 Call
Vol: 1,540
OI: 122
Vol/OI: 12.6x
IV: 15.6%
Notional: ~$6K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated near 400–420 strikes (notable 400/407.5/410 calls expiring 4/20–4/22).

Put additions: Heavy short-dated put buys clustered 385–400 (large volume at 395,397.5,400 exp 4/20).

GEX/DEX consistency: Positive GEX (+$61.7M) and DEX (+47.4M shares) broadly consistent with dealers adjusting exposure to call-heavy OI and increased short-dated put demand.

OI clusters: Largest OI around 400 (calls 617, puts 274) and bands at 410/395/385; gamma flip ~290, with notable put concentration ~27% below spot.

Hedging evidence: Simultaneous call and put prints at same strikes and heavy short-dated put buying suggest dealers are likely hedging, though not definitive.

Max pain context: Max pain sits below spot; spot ~3.8% above MP — concentrated short-dated flow raises probability of pinning into expiry, not certainty.

Signal vs Noise

~Signal: large same-day volumes at 395–400 call/put clusters implying dealer hedging is probable and near-term pinning risk
~Signal: GEX/DEX positive and concentrated OI coherent with institutional call additions and put buying pressure
~Noise: isolated OI-light prints (single-contract sweeps like 397.5 put) likely retail or algo activity

Key Conclusions

📌Short-dated concentrated flow around 395–410 makes dealer hedging toward 400 likely—monitor for pinning risks into expiry.
🔁GEX(+)/DEX(+) and clustered OI point to conditional stability but elevated volatility if spot moves through put bands.
How to Use These Reports
This flow reflects the market close on April 20, 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.