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AVGO

Broadcom Inc.Close $417.76EOD only

Max Pain

$415.00

Next expiry May 22, 2026

Expected Move

±$15.48

3.7% from close

Price Gap

-2.76

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.16

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

AVGO Directional Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias from dealer gamma pinning near $420; high vol regime caution.

Confidence:

9 / 10

Base 5; +2 GEX/flow align, +1 pinning, +1 MP, +1 VIX 17 => 9.

Supports: Bullish flow, long gamma, at MP, low VIX.
Conflicts: High vol, resistance $420-450, gamma flip $300.

🟢Strong gamma pin near $420.

📈Bullish flow $38M GEX.

⚠️High vol risk.

Regime Classification

Vol Regime

High

IV high; event premium.

Gamma Regime

Pinning

Net long $38M; flip ~$300.

Flow Regime

Bullish

Bullish premium.

Spot vs Max Pain

At max pain $420.

Thesis duration: Event-specific — Multiple near-term expiries & MP align.

Price Range Forecast

Next 2 days

$402.29$433.24

2d up, $402-433.

Next 1 week

$399.16$436.36

1w up, $399-436.

Next 2 weeks

$372.94$462.59

2w neutral, $373-463.

Key Levels

Max pain pins: $420 (2026-05-20); $415 (2026-05-22); $420 (2026-05-26)

EM guardrails: 2d $402.29/$433.24; 1w $399.16/$436.36

Support: $372.94

Resistance: $420.00 · $450.00 · $462.59

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,583 (28.2% below spot)

Structural: Support $373; res $420,450,463; flip $300.

Dealer Positioning (GEX/DEX)

GEX: $+38.1M

DEX: +47.2M shares

Gamma flip: ~$300 (Approx — based on put OI concentration of 14,583 (28.2% below spot))

NTM gamma: Net long gamma $38M; DEX 47M; flip $300.

IV Analysis

IV vs VIX: Rich vs VIX; event prem.

Term structure: Near-term pinning.

Skew: Put OI at $300; sell puts.

Flow Analysis

Net premium: Net premium +$97.1M, call volume 2.1x puts, bullish.

Directional prints: 33 call 427.5 OTM 2026-05-20 — Vol/OI 13.2x, OTM call buying; likely bought opening, bullish. 26.2 call 425 OTM 2026-05-20 — Vol/OI 8.3x, OTM call buying; likely bought, bullish. 24.4 call 420 OTM 2026-05-20 — Vol/OI 7.3x, OTM call buying; likely bought, bullish.

Unusual: 33 call 427.5 OTM 2026-05-20 — Vol/OI 13.2x, extreme OTM call volume; likely bought, aggressive bullish. 59.6 call 430 OTM 2026-06-12 — Vol/OI 4.6x, long-dated OTM call with high IV; likely bought, bullish tail risk. 25.7 put 415 OTM 2026-05-20 — Vol/OI 6.0x, OTM put buying; likely hedge, bearish but minor.

Risks & Catalysts

!Vol breaks pin.

!Flip below $300.

!Event risk.

!Resistance cap.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-06-05 $375.00/$370.00 put spread Why now: Bullish bias, high vol inflates put premiums; pin near $420 provides downside support	Stock breaks below short put strike if earnings disappoint
Bull call spread	Moderate	Buy 2026-06-05 $420.00/$430.00 call spread Why now: Flow shows OTM call buying, bullish momentum; pin at $420 offers cheap upside	Upside fails to materialize, premium decays if flat

Top Plays

Bull Call Spread on Pin

Buy 2026-06-05 $420.00/$430.00 call spread

Cheap upside with defined risk

Why this play: Directly bullish from flow and pin support at $420

Debit: $3.53-$4.32

Max loss: $4.32

BE: $424.32

Mgmt: Exit if AVGO breaks below $372.94

Aggressive bullish traders

Put Credit Spread

Sell 2026-06-05 $375.00/$370.00 put spread

Defensive bullish play collecting premium

Why this play: Uses inflated put premiums and downside support

Credit: $0.83-$1.02

Max loss: $3.98

BE: $373.98

Mgmt: Close if invalidation level breached

Conservatives expecting sideways-to-up

Watchlist Triggers

Entry Triggers

IFIF AVGO holds above $420.00 support (gamma pin) → Enter Bull Call Spread: Buy 2026-06-05 $420/$430 call spread in entry range $3.53-$4.32

IFIF AVGO stays above $372.94 support → Sell 2026-06-05 $375/$370 put spread in entry range $0.83-$1.02

Exit Triggers

EXITIF AVGO breaks below $372.94 → Exit all bullish positions

Tactical Summary

Bullish bias with gamma pin near $420. Use bull call spread for upside, put credit spread for premium collection. Key invalidation at $372.94; exit below that.

How to Use These Reports

This directional reflects the market close on May 20, 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.