AVGOBroadcom Inc. Common Stock
Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES
Market Cap $1.92T|NASDAQ
● 2026-04-17$406.54
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +144.6%YTD +16.9%7D +9.4%
Options Vol
228,644
30D
Implied Move
±12.1%
IV Rank
16%
AVGO Options Overview
IV is elevated. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.2
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 70.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.93x — IV ≤ HV
Sector Relative≤50%
Sector percentile 32% — below sector median
Term Structure
<1.1xFront/Back 0.80x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 42.6% — normal range
Spread-Adjusted Value
<80%Effective IV 50.3% (ATM 42.6% + spread 3.8% + bias) — good value
Execution Efficiency
<3.0%Total drag 6.68% (spread 3.83% + slippage 2.85%) — high friction
Vega Efficiency
≥5.0Vega efficiency 461.27 (vega 176.667 / spread 3.83%) — efficient
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -5%, Raw: -7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -5% (neutral) — Raw: -7%
OI Skew Magnitude
≥15%|OI skew| 4.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +9.4%, OI skew -4.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 46%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +23%, ATM: -12%, OTM: -6% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 67% — bearish vs sector
Activity
Unusual activity?
4.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 11.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +8.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 74% — active vs sector
Trade Quality
≥30%Large trade volume 24% — mixed
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction -5 (bearish) — mixed
Liquidity
Can I trade efficiently?
7.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks6/8 checks passed
Tradeable Spread
≤5.0%Spread 3.8% — acceptable
Adequate OI
≥10,000OI 2,022,133 — deep
Active Volume
≥500Volume 228,644/day — active
Reasonable Cost
≤$0.50$0.19 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 33% — tighter than sector
Order Book Depth
≥100 contractsDepth 277.9 contracts (bid:144.6 ask:133.3) — adequate
Execution Quality
<1.0%Avg slippage 2.85% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -20.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 70% — seller opportunity
Event Detection
≥10pts kinkIV kink -6.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1780.91 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -5% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 54 (ITM 20% + inst 24%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.5
bullishIV cheap, mixed flow
Long Puts6.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put5.2
bullishIV too cheap, mixed flow
Covered Call5.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.