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AVGO

Broadcom Inc.Close $418.91EOD only

Max Pain

$450.00

Next expiry Jun 5, 2026

Expected Move

±$11.78

2.8% from close

Price Gap

+31.09

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.10

Slightly put-heavy

Consensus

4.0/10

Bullish tilt

Published snapshot: Jun 4, 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 4, 2026 close

AVGO Flow Report

Analysis based on market close June 5, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 9.2% from MP; +0.5 VIX 22

Watch next session: 300; spy recovery

Flow Summary

Net premium: -$302.4M bearish

P/C volume ratio: 0.98

P/C OI ratio: 1.02

Net -$302M premium and put/call OI >1 favor bearish. 25405 vol on 405C is concentrated OTM speculation, not broad bullish flow; likely hedging or short-term positioning. Spot below MP in high vol regime; next session watch gamma flip zone for direction.

Notable Prints

AVGO 2026-06-05 $392.50 Call

Vol: 5,672

OI: 138

Vol/OI: 41.1x

IV: 16.8%

Notional: ~$11K

Intent: Speculative opening call purchase on high volume, likely bullish bet or hedge

Dual read: Could be closing short calls if OI low, but volume far exceeds OI indicating new positions

Read-through: Expect volatility increase, but deep OTM suggests low probability

AVGO 2026-06-05 $402.50 Call

Vol: 12,820

OI: 336

Vol/OI: 38.1x

IV: 31.3%

Notional: ~$13K

Intent: Speculative lottery ticket, possibly hedging upside risk

Dual read: If part of spread, could be bearish call write, but single-leg appears bullish

Read-through: High IV relative to other strikes, perhaps mispriced volatility

AVGO 2026-06-05 $395.00 Call

Vol: 11,423

OI: 388

Vol/OI: 29.4x

IV: 18.8%

Notional: ~$11K

Intent: Similar speculative call buying, chasing gamma

Dual read: May be part of complex strategy like ratio spread

Read-through: Concentration of OTM calls suggests upward sentiment among traders

AVGO 2026-06-05 $405.00 Call

Vol: 25,405

OI: 1,276

Vol/OI: 19.9x

IV: 35.2%

Notional: ~$76K

Intent: Largest volume, likely institutional hedging or directional bet

Dual read: Could be covering short calls, but OI low indicates new buy

Read-through: Strongest bullish signal of the bunch, but very risky

AVGO 2026-06-08 $405.00 Call

Vol: 2,838

OI: 191

Vol/OI: 14.9x

IV: 51.8%

Notional: ~$508K

Intent: Buying time premium before weekend, possibly hedging event risk

Dual read: Maybe closing earlier short position

Read-through: Higher IV suggests expected move; volume moderate

Institutional Positioning

Call additions: Aggressive 0 DTE OTM call buying at 392.5-407.5 strikes (vol/oi 10-41x)

Put additions: Downside hedging: 380P, 390P (6/8) and 340P (6/10) with high vol/oi

GEX/DEX consistency: GEX -$92.5M (dealers short gamma); DEX +57.9M shares (long delta); mixed but consistent with short gamma regime

OI clusters: Largest call OI at 405 (1,276) and 407.5 (1,153); put OI concentration near 300 (gamma flip)

Hedging evidence: Put spreads on 6/8 and 6/10; net premium -$302M indicates put buying

Max pain context: Spot ~$385.5 is 9.2% below max pain; path likely pulls price toward MP, but negative gamma and high vol add risk

Signal vs Noise

~0 DTE call volume is signal of speculative rebound bets

~Put additions on 6/8 and 6/10 are protective hedging

~Negative GEX and positive DEX show mixed dealer positioning

~Spot far below max pain suggests mean reversion potential

Key Conclusions

🔥0 DTE OTM call buying at 392.5-407.5: speculative or hedge? 10-41x vol/oi

🛡️Put accumulation on 6/8 380/390 and 6/10 340: downside protection increasing

🎯Spot 9.2% below max pain (~385.5 vs ~425) with negative GEX: may drift up

How to Use These Reports

This flow reflects the market close on June 5, 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.