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AVGO

Broadcom Inc.Close $392.16EOD only

Max Pain

$407.50

Next expiry Jun 10, 2026

Expected Move

±$9.90

2.5% from close

Price Gap

+15.34

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.13

Slightly put-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 9, 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

Jun 9, 2026 close

AVGO Directional Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bearish thesis: high vol, negative dealer gamma, spot 6.4% below MP, weak tech. Downside to $359.78 support key.

Confidence:

6 / 10

Base 5; +2 GEX/flow alignment; -1 spot far from MP; VIX elevates bearish regime.

Supports: Negative GEX, spot below MP, bearish market.
Conflicts: Mixed flow, DEX long delta.

📉Negative GEX ($-44.6M) amplifies downside; gamma flip at $330.

📌Spot 6.4% below max pain $398; pressure lower near expiry.

Regime Classification

Vol Regime

High

IV high relative to norm; VIX 22.22 shows stress.

Gamma Regime

Trending

GEX -$44.6M, trending gamma regime amplifies moves.

Flow Regime

Mixed

Mixed flow; put OI concentration at $330 acts as gamma flip.

Spot vs Max Pain

Below

Spot $373 (6.4% below $398 MP) pulls toward absorption.

Thesis duration: Multi-week — Sustained bearish trend from dealer gamma and broad tech weakness.

Price Range Forecast

Next 2 days

$357.30$386.90

Break $357.3 opens to $330 gamma flip.

Next 1 week

$353.78$390.43

Support $353.78; resistance $390.43.

Next 2 weeks

$359.78$384.43

Range-bound between $359.78-$384.43; key support.

Key Levels

Max pain pins: $398 (2026-06-10); $405 (2026-06-12); $415 (2026-06-15)

EM guardrails: 2d $357.30/$386.90; 1w $353.78/$390.43

Support: $359.78

Resistance: $384.43 · $397.50

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 15,419 (11.3% below spot)

Structural: Support $359.78; resistance $384.43, $397.5; gamma flip $330; EM guardrails 2d $357.3/$386.9.

Dealer Positioning (GEX/DEX)

GEX: $-44.6M

DEX: +54.3M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 15,419 (11.3% below spot))

NTM gamma: GEX -$44.6M (short gamma); DEX +54.3M shares (long delta); gamma flip $330 (put OI).

IV Analysis

IV vs VIX: IV rich vs VIX due to selloff; favors premium selling.

Term structure: Backwardated near expiry; longer-term elevated.

Skew: Bearish skew; sell call spreads above $384 for decay.

Flow Analysis

Net premium: Net premium -$9.2M; PC vol 0.85 (more calls) but OI 1.14 (more puts), mixed flow.

Directional prints:

Unusual: 24.5 call 375 OTM 2026-06-10 — Vol/OI 47.6x; extreme OTM call buying, speculative bullish; could be short covering. 22.9 call 377.5 OTM 2026-06-10 — Vol/OI 39.3x; similar OTM call buying; buyer aggressive. 27.7 call 380 OTM 2026-06-10 — Vol/OI 38.0x; OTM call buying at high strike; speculative upside bet.

Risks & Catalysts

!Rally to $398 if VIX plunges.

!Gamma flip at $330 triggers reversal.

!Earnings event spikes vol.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bear put spread	Moderate	Buy 2026-07-10 $355.00/$340.00 put spread Why now: Bear put spread captures defined downside risk with lower cost than outright puts, suits multi-week bearish view.	Rally above short strike if VIX drops; earnings event can spike vols.
Long put	Moderate	Buy 2026-07-17 $350.00 put Why now: Long put provides unlimited upside if bear thesis accelerates, with limited risk.	Time decay if move is slower; earnings can cause massive swing.
Call credit spread	Moderate-Weak	Sell 2026-07-10 $425.00/$455.00 call spread Why now: High IV supports credit premium; defined risk if unexpected rally.	If VIX plunges and stock rallies above short strike, losses capped but significant.

Top Plays

Bear put spread

Buy 2026-07-10 $355.00/$340.00 put spread

Buy $355/$340 put spread for downside capture.

Why this play: Defined risk, lower cost, aligns with bearish multi-week view.

Debit: $4.43-$5.42

Max loss: $5.42

BE: $349.58

Mgmt: Close at 50% profit or hold to expiry if below $340.

Traders wanting defined risk and cost efficiency.

Long put

Buy 2026-07-17 $350.00 put

Buy $350 put to benefit from further decline.

Why this play: Unlimited upside if bear thesis accelerates, limited risk.

Debit: $11.93-$14.58

Max loss: $14.58

BE: $335.42

Mgmt: Trail stop loss or take profit at key support levels.

Traders with strong conviction on downside.

Call credit spread

Sell 2026-07-10 $425.00/$455.00 call spread

Sell $425/$455 call spread to collect credit.

Why this play: High IV premium, defined risk if rally, but less direct.

Credit: $2.57-$3.14

Max loss: $26.86

BE: $428.14

Mgmt: Close at 50% gain or if price approaches $425.

Traders expecting limited upside.

Watchlist Triggers

Entry Triggers

IFIF price breaks below support $359.78 → THEN buy 2026-07-10 $355/$340 put spread (avgo_beat_put_spread_001)

IFIF price rallies to resistance $384.43 → THEN sell 2026-07-10 $425/$455 call spread (avgo_call_credit_spread_003)

Exit Triggers

EXITIF price closes above invalidation $384.43 → THEN exit bear put spread and long put positions

Tactical Summary

Bearish bias into earnings. Key support $359.78 triggers bear put spread entry on breakdown. Resistance $384.43 triggers call credit spread entry on rally. Invalidation above $384.43 exits bearish plays. Gamma flip at $330 may accelerate downside.

How to Use These Reports

This directional reflects the market close on June 10, 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.