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ADI

BULL

2026-06-02

Overnight Institutional Flow Signal

See the 2026-06-02 Morning Briefing

Score

8/10

Move

3.1%

Flow

$235.2M

AI Trade Thesis

ADI BULL $412.5C Jun 12 '26. This trade leverages a post-earnings and ex-dividend pullback to buy the dip, which perfectly aligns with today's dominant bullish scan sentiment and places the name within the highly-concentrated Technology sector cluster. Entry near $402.69 targets a quick reversal toward $420 as secular AI infrastructure demand remains robust. Risk: Broad semiconductor sector rotation or a deeper retest of key moving averages.

Flow Breakdown

Call Volume

$231.2M

Put Volume

$4.0M

Flow Intent

DIRECTIONAL

Catalyst

Earnings Beat

More Bullish Flow · 2026-06-02

TXN8/10 KRP8/10 HLT8/10 GS8/10 BILL8/10 ADSK8/10

Recommended Setup

ContractO:ADI260612C00412500

Contract Score9.755/10

Risk/Reward1.5:1

Delta0.40

Key Levels

Resistance$435.72

Support$381.22

Price$402.69

SMA 50 / 200$375 / $299

52W Range$162 — $436

News & Catalyst Analysis

Key Headline

Analog Devices Provides Much-Needed Pullback: How Low Can It Go?

News Summary

Analog Devices is experiencing a brief pullback following its recent fiscal Q2 earnings beat and upbeat forward guidance, compounded by its ex-dividend date on June 2, 2026. Despite the -3.1% decline, the company's fundamental narrative remains strong, bolstered by its strategic acquisition of Empower Semiconductor to enhance its AI power-management capabilities. Institutional options flow is aggressively bullish, suggesting that sophisticated players are using this pullback as an accumulation window.

Flow Intent Analysis

The $231.2M in bullish options flow represents a clear directional bet on a recovery, aggressively buying the dip after a minor post-earnings and ex-dividend decline rather than hedging existing downside exposure.

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How We Read This Flow

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ADI

Key Headline

News Summary

Flow Intent Analysis

One email a week. Catch up in five minutes.

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