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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
46
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 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias targeting $390 max pain, supported by positive dealer delta and low VIX. Negative GEX amplifies moves; upside if $371.95 holds.

Confidence:
5 / 10
Base 5, -1 GEX/flow contradiction, +1 low VIX = 5.
Supports: Positive DEX (+53.1M), spot below max pain $390, low VIX.
Conflicts: Negative GEX, high IV, mixed flow, resistance $390-$410.
📈Spot below max pain $390; negative GEX amplifies any upward breakout.
⚠️GEX -$7.6M amplifies directional moves; high IV adds risk.
📉Put OI at $330 signals downside, gamma flip level.

Regime Classification

Vol Regime
High
IV high vs normal; event-driven uncertainty.
Gamma Regime
Trending
Gamma trending negative (-$7.6M); flip near $330.
Flow Regime
Mixed
Mixed; put concentration at $330.
Spot vs Max Pain
Below
Spot below $390 max pain; pinning possible.
Thesis duration: Event-specific — Max pain key levels: $390 (6/12), $395 (6/15), $400 (6/17).

Price Range Forecast

Next 2 days
$371.95$392.20
Target $390, DEX support, negative gamma amplifies upside.
Next 1 week
$365.22$398.92
Aim $395, resistance $390-$400.
Next 2 weeks
$353.42$410.72
Potential $400, downside flip at $330.

Key Levels

Max pain pins: $390 (2026-06-12); $395 (2026-06-15); $400 (2026-06-17)
EM guardrails: 2d $371.95/$392.20; 1w $365.22/$398.92
Support: $353.42
Resistance: $390.00 · $410.00 · $410.72
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 15,622 (13.6% below spot)
Structural: Support $353.42; Resistance $390 (max pain), $410, $410.72; Gamma flip $330.

Dealer Positioning (GEX/DEX)

GEX: $-7.6M

DEX: +53.1M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 15,622 (13.6% below spot))

NTM gamma: Short gamma -$7.6M, long delta +53.1M. Gamma flip at $330. Amplifies moves.

IV Analysis

IV vs VIX: IV rich vs VIX 17.68; elevated premiums.

Term structure: Upward sloping with event kinks.

Skew: Put skew at $330; risk reversal possible.

Flow Analysis

Net premium: Net put premium $50.9M, volume ratio 0.82 calls, OI ratio 1.08 puts.

Directional prints: 15.2 put 375 OTM 2026-06-12 — Vol 10.4k vs OI 1.9k; high put volume suggests hedging/bearish; prefer bearish. 7.9 call 385 OTM 2026-06-12 — Vol 10.1k vs OI 1.3k; low IV but high volume; likely bought, bullish.

Unusual: 105.5 put 220 OTM 2026-06-26 — Vol/OI 24.8, deep OTM put, high IV; hedging or speculative.

Risks & Catalysts

!Break below $371.95 may accelerate to $353.
!Gamma flip at $330 triggers selloff.
!High IV and mixed flow cause whipsaw.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate
Buy 2026-06-26 $380.00/$390.00 call spread
Why now: Positive dealer delta and max pain $390 favor upside; low VIX supports rally.
Break below $371.95 could accelerate losses; defined risk limits downside.
Long callModerate
Buy 2026-06-26 $380.00 call
Why now: Positive dealer delta and low VIX favor long gamma; cheap premium for upside.
Time decay if move doesn't materialize quickly; break below $371.95 hurts.
Put credit spreadModerate-Weak
Sell 2026-06-26 $370.00/$360.00 put spread
Why now: Max pain at $390 and positive dealer delta suggest support; short put vega benefits from low vol.
Sharp drop below short put strike would cause max loss; Gamma flip at $330.

Top Plays

#1
Bull Call Spread
Buy 2026-06-26 $380.00/$390.00 call spread
Buy $380/$390 call spread for $4.28-$5.23 debit, targeting max pain $390.
Why this play: Best aligns with bullish bias to $390 max pain, defined risk, low VIX supports upside.
Debit: $4.28-$5.23
Max loss: $5.23
BE: $385.23
Mgmt: Exit at $390 or if AVGO breaks below $371.95.
Moderate bullish traders wanting capped risk.
#2
Put Credit Spread
Sell 2026-06-26 $370.00/$360.00 put spread
Sell $370/$360 put spread for $2.86-$3.49 credit.
Why this play: Bullish with support at $370, benefits from low vol, nice risk/reward.
Credit: $2.86-$3.49
Max loss: $6.51
BE: $366.51
Mgmt: Hold while above $371.95; roll or close before earnings.
Income-focused bullish view with defined risk.
#3
Long Call
Buy 2026-06-26 $380.00 call
Buy $380 call for $13.82-$16.89.
Why this play: Unlimited upside for strong conviction, cheap premium $13.82-$16.89.
Debit: $13.82-$16.89
Max loss: $16.89
BE: $396.89
Mgmt: Trail stop; exit if below $371.95 to limit loss.
Aggressive traders seeking high gamma.

Watchlist Triggers

Entry Triggers
IFIF AVGO holds above $371.95 and trades near $380 → THEN buy 2026-06-26 $380/$390 call spread for $4.28-$5.23 debit
IFIF AVGO holds above $371.95 → THEN sell 2026-06-26 $370/$360 put spread for $2.86-$3.49 credit
IFIF AVGO holds above $371.95 with bullish momentum → THEN buy 2026-06-26 $380 call for $13.82-$16.89
Exit Triggers
EXITIF AVGO breaks below $371.95 → THEN exit all positions: close call spread and long call, manage put spread

Tactical Summary

Bullish bias to $390 max pain. Entry on support at $371.95 above. Exit if that level breaks. Use defined-risk strategies: bull call spread, put credit spread, or long call for higher risk.
How to Use These Reports
This directional reflects the market close on June 12, 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.