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AVGO

Broadcom Inc.Close $382.07EOD only

Max Pain

$395.00

Next expiry Jun 15, 2026

Expected Move

±$10.12

2.6% from close

Price Gap

+12.93

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.08

Balanced positioning

Consensus

5.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

AVGO Directional Report

Analysis based on market close June 11, 2026

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You are viewing an older report from June 11, 2026. A newer directional report is available for June 12, 2026.

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Outlook

Bullish bias supported by robust call flow and IV floor, but negative GEX and spot below max pain introduce caution. Trend likely to hold over multi-week horizon.

Confidence:

4.5 / 10

Base 5 from bullish flow and vol; -1 due to GEX/flow contradiction; +0.5 for VIX support. Net 4.5.

Supports: Bullish flow, high vol regime, VIX support, resistance overhead at $395/$410.
Conflicts: Negative GEX, spot below max pain ($395), structural resistance.

🔥High vol regime with trending gamma favors momentum

📉Negative GEX ($-7.1M) implies dealer delta hedging pressure

💪Bullish flow premium supports upside

⚠️Spot below max pain; potential pin at $395 for June 12 expiry

Regime Classification

Vol Regime

High

High vol; IV elevated vs typical range, supporting directional premium.

Gamma Regime

Trending

Trending gamma with negative GEX (-$7.1M), indicating dealer positioning for instability.

Flow Regime

Bullish

Bullish net premium with call skew, suggesting institutional upside appetite.

Spot vs Max Pain

Below

Spot below max pain ($395) and resistance; potential rally towards $395-$410.

Thesis duration: Multi-week — High vol regime, trending gamma, and bullish flow align for sustained directional move beyond near-term expiry.

Price Range Forecast

Next 2 days

$376.07$395.07

Range $376-$395; test resistance at $395.

Next 1 week

$364.82$406.32

Range $365-$406; aim for $395-$410.

Next 2 weeks

$354.07$417.07

Range $354-$417; potential breakout above $410.

Key Levels

Max pain pins: $395 (2026-06-12); $410 (2026-06-15); $402 (2026-06-17)

EM guardrails: 2d $376.07/$395.07; 1w $364.82/$406.32

Support: $354.07

Resistance: $395.00 · $410.00 · $417.07

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 15,557 (14.4% below spot)

Structural: Supports: $354. Resistances: $395, $410, $417. Gamma flip ~$330. EM guardrails 2d: $376/$395; 1w: $365/$406.

Dealer Positioning (GEX/DEX)

GEX: $-7.1M

DEX: +53.5M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 15,557 (14.4% below spot))

NTM gamma: GEX -$7.1M, DEX +53.5M shares. Gamma flip ~$330 (put OI concentration). Negative gamma suggests hedging flow adds volatility.

IV Analysis

IV vs VIX: IV is rich relative to VIX (19), but justified by high vol regime and event risk.

Term structure: Near-term elevated; potential kink around June 12 expiry; back month lower.

Skew: Put skew elevated; call overwriting at resistance ($410/$417) attractive.

Flow Analysis

Net premium: Net premium $72.3M positive, call volume dominates (P/C vol 0.66) but OI put-skewed (P/C OI 1.12), consistent with bullish flow.

Directional prints: 43 call 395 OTM 2026-06-15 — Vol/OI 14.0, OTM 6/15 call; bullish opening; bought. 46.2 call 385 ITM 2026-06-12 — Vol/OI 6.6, near-spot 6/12 call; directional buying; bought. 43.7 call 390 OTM 2026-06-12 — Vol/OI 4.8, 6/12 call; bullish accumulation; bought.

Unusual: 54.9 call 740 OTM 2027-01-15 — Vol/OI 17.4, far OTM 2027 call; opening long; bought. 75.4 put 340 OTM 2026-06-12 — Vol/OI 14.8, deep OTM 6/12 put; likely sold hedge unwind; sold. 56.3 put 490 ITM 2026-06-18 — Vol/OI 4.2, deep ITM 6/18 put; possible closing of longs; sold.

Risks & Catalysts

!Spot falls below gamma flip ($330) triggering dealer hedges.

!Negative GEX amplifies selloff if support breaks.

!Resistance at $395/$410 caps upside momentum.

!Earnings or macro event alters vol regime.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-07-17 $380.00/$420.00 call spread Why now: Defined-risk debit spread targeting 380-410, max profit at 410, aligns with bullish bias and resistance.	If spot stays below 380, debit lost; resistance at 410 limits upside.
Put credit spread	Moderate-Strong	Sell 2026-07-17 $350.00/$330.00 put spread Why now: Sell put premium with defined risk; support at 370, IV floor provides cushion.	If spot drops below 370, max loss incurred; negative GEX could amplify selloff.
Bullish risk reversal	Moderate	Buy 2026-07-17 $400.00 call / sell 2026-07-17 $350.00 put Why now: Buy call at 400, sell put at 370; net debit minimal, upside unlimited, downside limited to put strike.	If spot falls below 370, downside risk; negative GEX could worsen move.

Top Plays

Bull Call Spread 380/420

Buy 2026-07-17 $380.00/$420.00 call spread

Captures upside momentum toward $410 with capped risk under $17.13/contract.

Why this play: Defined-risk bullish play aligned with call flow and resistance zone; avoids unlimited downside from negative GEX.

Debit: $14.02-$17.13

Max loss: $17.13

BE: $397.13

Mgmt: Exit near $410 or adjust if spot falls below $354.

Traders seeking bullish exposure with limited downside.

Put Credit Spread 350/330

Sell 2026-07-17 $350.00/$330.00 put spread

Collects premium with bearish put spread, profiting if AVGO stays above $350.

Why this play: Sells premium at support level; benefits from IV floor and limited risk; outranks risk reversal due to caution.

Credit: $3.76-$4.59

Max loss: $15.41

BE: $345.41

Mgmt: Close at 50% max profit or if spot breaks $354.

Income-oriented bulls comfortable with defined risk.

Bullish Risk Reversal 400/350

Buy 2026-07-17 $400.00 call / sell 2026-07-17 $350.00 put

Buys $400 call, sells $350 put; net small debit captures upside breakouts.

Why this play: Unlimited upside for minimal cost; risky but suited for aggressive traders; ranks lower due to negative GEX.

Debit: $7.52-$9.19

Max loss: $350.00

BE: $350.00

Mgmt: Monitor gamma flip levels; roll or close if support breaks.

Aggressive traders with high conviction and margin.

Watchlist Triggers

Entry Triggers

IFAVGO holds above $354 and breaks $395 resistance → Buy 2026-07-17 $380/$420 call spread for 14.02-17.13

IFAVGO remains above $354 support → Sell 2026-07-17 $350/$330 put spread for 3.76-4.59

IFAVGO breaks above $410 with momentum → Buy 2026-07-17 $400 call / sell $350 put risk reversal for 7.52-9.19

Exit Triggers

EXITAVGO falls below $354.07 → Close all bullish positions (call spread, put credit spread, risk reversal)

Tactical Summary

Bullish multi-week. Enter bull call spread on breakout above $395, put credit spread while above $354, risk reversal on momentum above $410. Exit all if $354 breaks.

How to Use These Reports

This directional reflects the market close on June 11, 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.