Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
AVGO options intelligence
Broadcom Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 2 Aug 2026 19:14 · partial chain
Options-market disagreement
Mixed pressure
AVGO currently carries mixed options pressure with a 40/100 conviction score. The nearest-chain expected move is 2.8%, with volume/open-interest participation at 0.14.
Expected move
2.8%
Near-term move context
Activity / OI
0.14
Current volume is quieter versus prior open interest
Put-call
1.11
Balanced tape
Trend fit
95
Options agree with trend context
Weekly backdrop
+1.9%
RS 0.6
Expected move
2.8%
Put-call volume
1.11
Volume / OI
0.14
Reference IV
0.39
Max pain
380.00
Underlying
389.28
Nearest expiry
3 Aug 2026
Contracts
2000
Research Brief
AVGO has a mixed chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 378.46–400.10; The largest call open-interest concentration is 390.00; the largest put concentration is 360.00. The most active strike by current volume is 377.50.
Priced range378.46–400.10
Call concentration390.00
Put concentration360.00
Max pain reference380.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 378.46 to 400.10. Max pain at 380.00 sits inside that range, 2.4% below spot.
Spot
Max pain
378.46389.28 ± 10.82400.10
Confirmation level
A close beyond 400.10 or below 378.46 at the 3 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 40/100
Pressure is 5/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure5 × 42%
+1.9
How strongly activity leans toward calls or puts.
Participation43 × 22%
+9.5
Volume relative to existing open interest and contract-level activity.
Trend agreement95 × 26%
+24.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility38 × 10%
+3.8
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 390.00; the largest put concentration is 360.00. The most active strike by current volume is 377.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1110
345.00-11.4%
0
1259
360.00-7.5%
13
58
367.50-5.6%
3
383
370.00-5.0%
72
106
375.00-3.7%
30
70
377.50-3.0%
241
264
380.00-2.4%
317
94
382.50-1.7%
231
149
385.00-1.1%
244
53
387.50-0.5%
236
85
390.000.2%
731
25
392.500.8%
57
17
395.001.5%
441
108
400.002.8%
464
1
402.503.4%
178
59
405.004.0%
265
52
410.005.3%
516
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.39
3 Aug
3d
0.47
5 Aug
5d
0.51
7 Aug
7d
0.47
10 Aug
10d
0.49
12 Aug
12d
0.49
14 Aug
14d
0.48
21 Aug
21d
0.49
28 Aug
28d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
313
320
328
335
343
350
358
365
373
380
388
398
405
413
420
428
435
443
450
458
465
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain56%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 3600
- 56% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $65.4M of estimated gross traded notional, calls · 0-7 days · atm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-5
1W price+1.9%
Call premium68%
Put premium32%
Notional split
C 68% / P 32%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.14
Volume divided by open interest across the visible chain.
Trend fit
95/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 0-7 days · ATM
calls cluster with 9464 contracts traded, $7.7M estimated gross traded notional, and 12% of visible notional.
$7.7M
Calls · 0-7 days · OTM
calls cluster with 22231 contracts traded, $7.3M estimated gross traded notional, and 11% of visible notional.
$7.3M
Calls · 46-90 days · OTM
calls cluster with 5818 contracts traded, $6.3M estimated gross traded notional, and 10% of visible notional.
$6.3M
Calls · 8-21 days · ITM
calls cluster with 521 contracts traded, $3.9M estimated gross traded notional, and 6% of visible notional.
$3.9M
Puts · 46-90 days · OTM
puts cluster with 16487 contracts traded, $3.9M estimated gross traded notional, and 6% of visible notional.
$3.9M
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close389.28
1W+1.9%
RS0.6
Fair value+72.9%
Options pressure-5
Speculation43
Volatility38
Trend fit95
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 15:50
Mixed
Pressure 7
Move 2.8%
29 Jul 16:11
Mixed
Pressure 9
Move 2.9%
29 Jul 16:38
Mixed
Pressure 9
Move 3.1%
29 Jul 17:00
Mixed
Pressure 11
Move 2.6%
29 Jul 17:20
Mixed
Pressure 11
Move 2.2%
29 Jul 17:43
Mixed
Pressure 13
Move 2.0%
29 Jul 18:10
Mixed
Pressure 14
Move 1.9%
29 Jul 18:32
Mixed
Pressure 14
Move 1.5%
Strike Map
Where activity is clustering
Strike210.00
Calls · V 0 · OI 0
Puts · V 2 · OI 2
Strike220.00
Calls · V 0 · OI 0
Puts · V 1 · OI 4
Strike230.00
Calls · V 0 · OI 0
Puts · V 2 · OI 2
Strike240.00
Calls · V 0 · OI 0
Puts · V 3 · OI 1
Strike250.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike260.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike270.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike280.00
Calls · V 0 · OI 20
Puts · V 1 · OI 4
Term Structure
Expiration activity
Expiry3 Aug 2026
Contracts192
Avg IV0.39
Put-call1.02
Expiry5 Aug 2026
Contracts200
Avg IV0.47
Put-call1.71
Expiry7 Aug 2026
Contracts206
Avg IV0.51
Put-call0.64
Expiry10 Aug 2026
Contracts188
Avg IV0.47
Put-call1.18
Expiry12 Aug 2026
Contracts186
Avg IV0.49
Put-call7.93
Skew
Call/put IV balance
3 Aug 2026Balanced skew
Call IV0.38
Put IV0.39
Skew0.01
5 Aug 2026Balanced skew
Call IV0.48
Put IV0.50
Skew0.02
7 Aug 2026Balanced skew
Call IV0.49
Put IV0.52
Skew0.03
10 Aug 2026Balanced skew
Call IV0.46
Put IV0.49
Skew0.03
12 Aug 2026Balanced skew
Call IV0.47
Put IV0.49
Skew0.02
Contract Tape
Most active contracts
ContractAVGO260807C00400000
SideCall
Expiry7 Aug 2026
Strike400.00
Volume4483
OI1508
IV0.51
ContractAVGO260805P00355000
SidePut
Expiry5 Aug 2026
Strike355.00
Volume2545
OI577
IV0.53
ContractAVGO260807C00402500
SideCall
Expiry7 Aug 2026
Strike402.50
Volume2513
OI64
IV0.50
ContractAVGO260803P00377500
SidePut
Expiry3 Aug 2026
Strike377.50
Volume2426
OI70
IV0.41
ContractAVGO260918C00600000
SideCall
Expiry18 Sep 2026
Strike600.00
Volume2056
OI17210
IV0.55
ContractAVGO260807C00392500
SideCall
Expiry7 Aug 2026
Strike392.50
Volume1863
OI258
IV0.51
ContractAVGO260803C00400000
SideCall
Expiry3 Aug 2026
Strike400.00
Volume1786
OI464
IV0.38
ContractAVGO260807C00410000
SideCall
Expiry7 Aug 2026
Strike410.00
Volume1685
OI1101
IV0.49
Research Graph
Related research and context
Sharemaestro research
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Options context
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Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.