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AVGO

Broadcom Inc.Close $417.76EOD only

Max Pain

$415.00

Next expiry May 22, 2026

Expected Move

±$15.48

3.7% from close

Price Gap

-2.76

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.16

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

AVGO Flow Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 17

Watch next session: Spot approaching 425-427.5 call resistance; VIX direction

Flow Summary

Net premium: +$97.1M bullish

P/C volume ratio: 0.48

P/C OI ratio: 1.16

AVGO sees aggressive call buying across multiple strikes (420-427.5) with high volume/open interest ratios, indicating directional bullish bets. Put/call volume ratio at 0.48 favors calls. Positive gamma ($38.1M) supports pinning near current levels. Despite high vol, flow is bullish.

Notable Prints

AVGO 2026-05-20 $427.50 Call

Vol: 8,164

OI: 621

Vol/OI: 13.2x

IV: 33.0%

Notional: ~$122K

Intent: Bullish speculation on high vol day

Dual read: Potential closing of short calls if OI increased

Read-through: Indicates aggressive upside bets near expiration

AVGO 2026-05-20 $425.00 Call

Vol: 10,849

OI: 1,305

Vol/OI: 8.3x

IV: 26.2%

Notional: ~$293K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-05-20 $420.00 Call

Vol: 9,292

OI: 1,272

Vol/OI: 7.3x

IV: 24.4%

Notional: ~$1.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-05-20 $415.00 Put

Vol: 2,124

OI: 354

Vol/OI: 6.0x

IV: 25.7%

Notional: ~$193K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AVGO 2026-05-20 $422.50 Call

Vol: 4,960

OI: 871

Vol/OI: 5.7x

IV: 29.1%

Notional: ~$312K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at OTM strikes (420-427.5) on 5/20 expiry, vol/oi ratios >5.

Put additions: Modest put volume at 412.5 and 415, likely hedging or bearish bets.

GEX/DEX consistency: GEX +$38.1M and DEX +47.2M shares both positive, consistent with bullish flow and pinning.

OI clusters: Largest OI: 425 call (1,305), 420 call (1,272), 415 put (354). Gamma flip ~300.

Hedging evidence: Put activity modest, no clear collar; some June call at 430 suggests longer-term optimism.

Max pain context: Spot at max pain; gamma pinning supports nearby price stability.

Signal vs Noise

~High vol/oi ratios on 427.5 call signal aggressive upside speculation.

~Put volume at 412.5 is noise relative to dominant call flow.

~Call buying at 430 June expiry is signal for post-event upside.

Key Conclusions

🚀Aggressive call buying at OTM strikes suggests institutions positioning for upside

⚠️High IV on OTM calls may indicate elevated premium, but flow is strong

How to Use These Reports

This flow reflects the market close on May 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.