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AVGO

Broadcom Inc.Close $416.79EOD only

Max Pain

$380.00

Next expiry May 15, 2026

Expected Move

±$13.38

3.2% from close

Price Gap

-36.79

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.14

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

AVGO Directional Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias from GEX/flow alignment and gamma pinning; caution as spot 15.7% above max pain. High vol regime. Confidence 8/10.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 pinning; -1 spot vs MP; +1 VIX 17.

Supports: Bullish flow, gamma pinning, +102M GEX, support 405.
Conflicts: Spot above MP (15.7%), resistance 450/474, high vol.

🐂Bullish flow + gamma pinning

⚠️Spot 15.7% above max pain

📊High vol, IV rich vs VIX

Regime Classification

Vol Regime

High

High vs VIX 17, near expirations

Gamma Regime

Pinning

Pinning: +102M GEX near key strikes

Flow Regime

Bullish

Bullish: net premium buying

Spot vs Max Pain

Above

Above MP, resistance

Thesis duration: Event-specific — Pinning gamma + expirations 5/15-5/20

Price Range Forecast

Next 2 days

$429.19$450.39

Resistance 450

Next 1 week

$417.22$462.37

Key level 450

Next 2 weeks

$405.14$474.44

Wide range 405-474

Key Levels

Max pain pins: $380 (2026-05-15); $420 (2026-05-18); $422 (2026-05-20)

EM guardrails: 2d $429.19/$450.39; 1w $417.22/$462.37

Support: $405.14

Resistance: $450.00 · $474.44

Structural: Support 405; resistance 450/474; MP pins $380, $420, $422; EM 2d 429-450, 1w 417-462.

Dealer Positioning (GEX/DEX)

GEX: $+102.4M

DEX: +54.1M shares

Gamma flip: N/A

NTM gamma: GEX +102.4M, DEX +54.1M; no flip; net long gamma.

IV Analysis

IV vs VIX: Rich vs VIX 17, event premium

Term structure: Upward-sloping, kinks at expirations

Skew: Call skew; call spreads for pinning

Flow Analysis

Net premium: Heavy call premium $377M bullish, P/C vol ratio 0.29.

Directional prints: 40.4 call 460 OTM 2026-05-18 — Vol/OI 51.7, OTM call buying; bullish momentum bet. 45.1 call 457.5 OTM 2026-05-15 — Vol/OI 28.6, aggressive OTM call accumulation; bullish. 55.1 call 500 OTM 2026-05-22 — Vol/OI 8.6, large OTM call sweep; upside speculation.

Unusual: 40.4 call 460 OTM 2026-05-18 — Extreme vol/OI 51.7, massive OTM call buying; unusual activity. 51.8 put 412.5 OTM 2026-05-22 — Vol/OI 14.8, OTM put buying; potential hedge or bearish position. 83.6 put 315 OTM 2026-05-22 — Vol/OI 10.5, deep OTM put with high IV; lottery-like put demand.

Risks & Catalysts

!Mean reversion to MP

!Vol crush post-expiration

!Dealer gamma shift

!Market reversal

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-06-05 $470.00/$500.00 call spread Why now: Buy call spread to capture upside with defined risk post-earnings.	Vol crush and mean reversion to max pain.
Put credit spread	Moderate-Strong	Sell 2026-06-05 $395.00/$370.00 put spread Why now: Sell put spread below market, benefit from gamma pinning.	Sharp drop breaks support.
Cash-secured put	Moderate	Sell 2026-06-05 $405.00 cash-secured put Why now: Collect premium at desired entry, bullish long-term.	Stock drops further, assigned at higher price.
Bullish risk reversal	Moderate	Buy 2026-06-05 $470.00 call / sell 2026-06-05 $395.00 put Why now: Zero-cost upside, float above max pain.	Downside if put strike breached.

Top Plays

Bull Call Spread

Buy 2026-06-05 $470.00/$500.00 call spread

Captures upside with limited risk; benefits from post-earnings momentum.

Why this play: Best aligns with bullish flow and gamma pinning; defined risk suits high vol event.

Debit: $6.32-$7.73

Max loss: $7.73

BE: $477.73

Mgmt: Exit at earnings or if stock breaks below invalidation.

Traders seeking directional upside with capped risk.

Bullish Risk Reversal

Buy 2026-06-05 $470.00 call / sell 2026-06-05 $395.00 put

Finances call purchase by selling put; leverages bullish view without upfront cost.

Why this play: Zero-cost upside aligns with bullish thesis; high reward potential.

Debit: $6.12-$7.48

Max loss: $395.00

BE: $395.00

Mgmt: Monitor closely; consider closing if stock approaches put strike.

Aggressive traders comfortable with unlimited downside risk.

Put Credit Spread

Sell 2026-06-05 $395.00/$370.00 put spread

Sells put spread below market; profits if stock stays above short strike.

Why this play: Defensive bullish; benefits from gamma pinning and time decay.

Credit: $3.58-$4.37

Max loss: $20.63

BE: $390.63

Mgmt: Let expire or close early if stock drops near short strike.

Risk-averse bulls seeking income with defined loss.

Watchlist Triggers

Entry Triggers

IFIF spot holds above 405.14 support → THEN enter Bull Call Spread: buy $470/$500 call spread (avgo_1)

IFIF spot breaks above 450 resistance → THEN enter Bullish Risk Reversal: buy $470 call / sell $395 put (avgo_4)

Exit Triggers

EXITIF spot closes below 405.14 invalidation → THEN exit all bullish positions

Tactical Summary

Bullish bias from flow/gamma pinning, but spot 15.7% above max pain ($380-422) warrants caution. Support 405, resistance 450/474. Prefer defined-risk bull call spread (avgo_1) or zero-cost risk reversal (avgo_4). Exit if support breaks. Manage vol crush post-earnings.

How to Use These Reports

This directional reflects the market close on May 14, 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.