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AVGO

Broadcom Inc.Close $402.17EOD only

Max Pain

$385.00

Next expiry Apr 22, 2026

Expected Move

±$8.82

2.2% from close

Price Gap

-17.17

Distance to max pain

IV Rank

Low premium

P/C OI

1.19

Slightly put-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Apr 21, 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 21, 2026 close

AVGO Flow Report

Analysis based on market close April 22, 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 8.4% from MP; +0.5 VIX 19; override: use provided confidence_base

Watch next session: spot vs MP and VWAP; prints/volume at 420–425 calls; GEX changes & gamma flip behavior; IV/VIX spikes; large put prints/oi accumulation

Flow Summary

Net premium: +$373.3M bullish

P/C volume ratio: 0.48

P/C OI ratio: 1.18

Flow is dominantly bullish: concentrated intraday call buys around 420–425, large positive GEX and dex, and a pinning gamma regime that supports upside; downside invalidated if spot breaches major put clusters or orderflow reverses.

Notable Prints

AVGO 2026-04-22 $422.50 Call

Vol: 10,903

OI: 109

Vol/OI: 100.0x

IV: 6.4%

Notional: ~$632K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-04-22 $425.00 Call

Vol: 13,941

OI: 149

Vol/OI: 93.6x

IV: 9.7%

Notional: ~$125K

Intent: short-term upside speculation

Dual read: spread leg or pure lotto buy

Read-through: adds upside gamma concentrated above spot

AVGO 2026-04-22 $405.00 Put

Vol: 6,606

OI: 137

Vol/OI: 48.2x

IV: 31.3%

Notional: ~$7K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-04-22 $402.50 Put

Vol: 4,147

OI: 128

Vol/OI: 32.4x

IV: 38.3%

Notional: ~$4K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-04-22 $410.00 Put

Vol: 5,548

OI: 207

Vol/OI: 26.8x

IV: 25.2%

Notional: ~$6K

Intent: protective or downside speculative buying

Dual read: could be dealer sell reducing downside gamma

Read-through: put cluster supports pinning and defines lower support

Institutional Positioning

Call additions: Concentrated buys at 420/417.5/422.5/425 and May450; largest OI 420C=2,154 suggests directional call accumulation but timing/orderflow needed to confirm intent.

Put additions: Heavy put OI cluster 400–410 is consistent with protective hedging, though directional put positions remain plausible — trade-level timestamps and buyer/seller IDs required to differentiate.

GEX/DEX consistency: GEX +$91.2M and DEX +53.6M are bullish-leaning and may support pinning when combined with 420C flow; cross-check with IV skew and intraday order flow for confidence.

OI clusters: Major call cluster at 420; put cluster centered ~400–410 (put OI concentration noted ~12,985).

Hedging evidence: High put OI and same-day put flow are consistent with collars/insurance but do not exclude directional hedges without sequencing data.

Max pain context: Spot sits above MP (~8.4%); current gamma regime increases pinning susceptibility but statistical confidence requires multi-day flow confirmation.

Signal vs Noise

~Signal: oversized 420C OI/volume suggests deliberate institutional call placement but needs order-timing verification.

~Signal: positive GEX/DEX align with bullish/pinning pressure yet are probabilistic, not definitive.

~Signal: clustered short-dated puts are consistent with hedging; directional intent still possible.

~Noise: isolated low-IV call prints and single-contract trades less reliable than large OI clusters.

Key Conclusions

📌May support pinning: 420C accumulation plus positive GEX/DEX could help keep price near current zone, conditional on concurrent order-flow and IV skew.

🛡️Hedging-consistent puts: 400–410 put cluster aligns with protection/collars but directional puts cannot be ruled out without trade-level timing.

⚠️Expiry gamma risk: same-day volume clusters raise short-term gamma sensitivity; monitor intraday flow to assess pin probability.

How to Use These Reports

This flow reflects the market close on April 22, 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.