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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 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish: GEX/flow aligned, spot near $392 MP, dealer long gamma. High vol risk but VIX 16 low. Key risk gamma flip $330.

Confidence:

9 / 10

Base 5; +2 alignment; +1 gamma; +1 MP; +1 VIX = 9.

Supports: Bullish flow, +GEX, pinning $392, long gamma.
Conflicts: High vol, resistance $410-430, gamma flip $330.

🟢GEX +$44.8M, flow bullish, pinning $392.

🔶High vol but VIX 16; IV rich.

🔴Gamma flip $330 downside risk.

Regime Classification

Vol Regime

High

High IV; VIX 16 low.

Gamma Regime

Pinning

Pinning GEX +$44.8M, spot near MP.

Flow Regime

Bullish

Bullish flow, low P/C.

Spot vs Max Pain

Spot at $392 MP.

Thesis duration: Event-specific — Event-specific due to expiry and pinning.

Price Range Forecast

Next 2 days

$381.59$406.29

Dealer gamma supports.

Next 1 week

$375.89$411.99

Resistance caps.

Next 2 weeks

$363.42$424.47

Breakout above $410.

Key Levels

Max pain pins: $392 (2026-06-15); $400 (2026-06-17); $370 (2026-06-18)

EM guardrails: 2d $381.59/$406.29; 1w $375.89/$411.99

Support: $392.50 · $363.42

Resistance: $410.00 · $424.47 · $430.00

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,504 (16.2% below spot)

Structural: Support $392.5, $363. Resistance $410, $424, $430. Gamma flip $330.

Dealer Positioning (GEX/DEX)

GEX: $+44.8M

DEX: +52.1M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,504 (16.2% below spot))

NTM gamma: GEX +$44.8M, DEX +52.1M. Gamma flip ~$330. Long gamma.

IV Analysis

IV vs VIX: IV rich vs VIX 16.

Term structure: Contango front-end elevated.

Skew: Flat skew.

Flow Analysis

Net premium: Net call premium $97.7M; P/C vol ratio 0.63 bullish, OI ratio 1.12 mixed.

Directional prints: 15.8 call 392.5 ITM 2026-06-15 — Vol/OI 39.5; vol 5965 vs OI 151; aggressive buying. Likely bought directional. Preferred read: bought. 47 call 395 OTM 2026-07-10 — Exp 7/10; vol/OI 18; OTM call with high IV; likely bullish speculation. Preferred read: bought.

Unusual: 15.8 call 392.5 ITM 2026-06-15 — Vol/OI 39.5 indicates aggressive buy. Likely bought. Preferred read: bought. 9 call 397.5 OTM 2026-06-15 — Vol/OI 19; low-premium OTM call; bullish flow suggests bought. Preferred read: bought. 98.4 put 335 OTM 2026-06-15 — Vol/OI 9.1; IV 98%; deep OTM put; likely sold for premium. Preferred read: sold.

Risks & Catalysts

!Gamma flip $330.

!Resistance $410-424.

!High vol.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-09-18 $410.00/$470.00 call spread Why now: Net call premium $97.7M, aggressive buying at 392.5C; resistance near $410-424; define risk within available strikes.	Gamma flip below $330; premium decay if spot stays flat; short call cap limits upside.
Put credit spread	Moderate	Sell 2026-08-21 $340.00/$310.00 put spread Why now: Bullish flow and dealer gamma; sell put credit spread at strikes below current spot to capture time decay with tail protection.	Downside gap risk if gamma flip below $330; limited profit if spot rallies strongly.
Call diagonal	Moderate-Strong	Sell 2026-07-02 $420.00 call / buy 2026-09-18 $410.00 call Why now: VIX low but near-term vol elevated; calendar captures time decay on short leg with long leg for earnings exposure.	Vol expansion hurts short leg; spot moving against direction; assignment risk early.

Top Plays

Bull Call Spread

Buy 2026-09-18 $410.00/$470.00 call spread

Buy 410/470 call spread to cap upside risk while benefiting from bullish momentum.

Why this play: Directly aligns with bullish flow and aggressive call buying; defined risk below resistance.

Debit: $15.73-$19.22

Max loss: $19.22

BE: $429.22

Mgmt: Exit if spot drops below 392.5 invalidation.

Aggressive traders expecting continued upside into earnings.

Put Credit Spread

Sell 2026-08-21 $340.00/$310.00 put spread

Sell 340/310 put spread to earn premium with wide safety buffer.

Why this play: Captures bullish bias with time decay and downside tail protection; suits moderate risk profile.

Credit: $4.48-$5.47

Max loss: $24.53

BE: $334.53

Mgmt: Close if spot approaches 340.

Conservative bullish traders.

Call Diagonal

Sell 2026-07-02 $420.00 call / buy 2026-09-18 $410.00 call

Sell short-dated call and buy longer-dated call for net theta positive.

Why this play: Exploits vol difference between near-term and long-term; earnings exposure with theta decay.

Debit: $25.34-$30.97

Max loss: $30.97

BE: Path-dependent

Mgmt: Monitor IV skew; adjust if earnings volatility changes.

Volatility traders.

Watchlist Triggers

Entry Triggers

IFSpot holds above 392.5 support → Buy AVGO 2026-09-18 410/470 call spread at ~17.5 debit

IFSpot holds above 392.5 support → Sell AVGO 2026-08-21 340/310 put spread for ~5.0 credit

IFSpot remains between 392.5 and 410 → Enter AVGO call diagonal: sell 2026-07-02 420c, buy 2026-09-18 410c for ~28.0 debit

Exit Triggers

EXITSpot drops below 392.5 → Close all bullish positions

EXITSpot approaches 340 → Close put credit spread

Tactical Summary

Bullish bias with support at 392.5 and resistance at 410-424. Prioritize bull call spread for aggressive, put credit spread for conservative, call diagonal for volatility. Invalidation at 392.5; risk of gamma flip at 330.

How to Use These Reports

This directional reflects the market close on June 15, 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.