Home Options AVGOReports

AVGO

Broadcom Inc.Close $393.94EOD only

Max Pain

$400.00

Next expiry Jun 17, 2026

Expected Move

±$12.35

3.1% from close

Price Gap

+6.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.12

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

AVGO Directional Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bearish near-term bias as negative dealer gamma and spot below max pain ($370-$395) suggest continued pressure, but bullish flow and low VIX (16.4) support a potential reversal. Short-term target lower toward support $360; break above $385 would shift view.

Confidence:

4.5 / 10

Base 5, +1 VIX low, -1 GEX/flow contradict, -0.5 spot far from MP => 4.5. Short gamma amplifies moves; flow bullish but spot weak.

Supports: Bullish put/call flow, positive dealer delta (+51.7M shares), low VIX.
Conflicts: Negative dealer gamma, spot below major key levels, trending gamma regime.

📉Negative GEX -$14.8M: dealers short gamma, positioning for sharp moves.

📈Bullish flow indicates call buying despite drop; potential accumulation.

⚠️Spot below MP $395 and resistance at $400; needs catalyst to reclaim.

Regime Classification

Vol Regime

High

High vol versus typical range; IV elevated implied by regime classification. VIX 16.4 low for this regime, suggesting either vol compression or pending breakout.

Gamma Regime

Trending

Trending gamma with negative GEX (-$14.8M). Gamma flip at ~$330, far below current spot, so not immediate risk. Dealers amplify moves.

Flow Regime

Bullish

Bullish flow with net call premium; positive DEX (+51.7M shares) shows dealers long stock. Contradicts spot weakness.

Spot vs Max Pain

Below

Spot at ~$376, below June 17 MP $395 and below 2d range midpoint. Pin action likely toward $370-$382 in short term.

Thesis duration: Event-specific — June 17 OPEX creates gamma pin action. High vol and trending gamma suggest catalyst-driven move within days.

Price Range Forecast

Next 2 days

$368.71$384.71

Below MP and negative gamma favor downside; flow suggests bounce if hold 370.

Next 1 week

$361.53$391.88

Range 361.53-391.88; support 352, resistance 395. Volume and flow clues.

Next 2 weeks

$351.98$401.43

Range 351.98-401.43; earnings? No event, but technical bounce possible after OPEX.

Key Levels

Max pain pins: $395 (2026-06-17); $370 (2026-06-18); $382 (2026-06-22)

EM guardrails: 2d $368.71/$384.71; 1w $361.53/$391.88

Support: $351.98

Resistance: $395.00 · $401.43 · $410.00

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,472 (12.4% below spot)

Structural: Support: 351.98 (2026-06-16 low), 330 (gamma flip). Resistance: 395 (max pain), 401.43 (2-week high), 410. EM guardrails: 2d 368.71-384.71, 1w 361.53-391.88.

Dealer Positioning (GEX/DEX)

GEX: $-14.8M

DEX: +51.7M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,472 (12.4% below spot))

NTM gamma: Dealers short gamma at -$14.8M with positive delta (+51.7M shares). Gamma flip at ~$330. Short gamma increases volatility; positive delta indicates long stock hedging, amplifying downward moves on selloffs.

IV Analysis

IV vs VIX: IV is elevated relative to VIX (16.4) given high vol regime. Rich IV suggests options are pricing larger moves than index; cheap only if expecting bigger drop.

Term structure: Term structure likely contango with higher IV near events (OPEX). Front-end elevated due to short-dated gamma; back-end normal.

Skew: Skew is put-skewed due to recent drop; call skew relatively flat. Opportunity: sell put spreads below support to collect premium, risk defined.

Flow Analysis

Net premium: $58.4M net call premium, P/C vol ratio 0.65 bullish.

Directional prints: 37.5 call 380 OTM 2026-06-17 — Vol/OI 11.4x, likely buyer, OTM call, bullish. 38.5 call 390 OTM 2026-06-17 — Vol/OI 9.6x, likely buyer, OTM call, bullish. 38.3 call 385 OTM 2026-06-17 — Vol/OI 6.8x, likely buyer, OTM call, bullish.

Unusual: 39.1 put 372.5 OTM 2026-06-17 — Vol/OI 16x, likely buyer, OTM put, bearish. 37.8 put 375 OTM 2026-06-17 — Vol/OI 11.7x, likely buyer, OTM put, bearish. 39.3 put 367.5 OTM 2026-06-17 — Vol/OI 11.1x, likely buyer, OTM put, bearish.

Risks & Catalysts

!Bullish flow could reverse if spot breaks below $368; stop-loss triggered.

!Negative gamma amplifies any move; a positive catalyst could cause sharp squeeze.

!VIX low may indicate complacency; sudden vol spike to 20+ would hurt short vol positions.

!Earnings or macro event (e.g., Fed) not in data but could disrupt model.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bear put spread	Moderate	Buy 2026-07-02 $380.00/$360.00 put spread Why now: Bear put spread profits from downside move with defined risk.	Downside limited but may lose if spot rallies above short strike.
Bull call spread	Moderate-Strong	Buy 2026-08-21 $380.00/$400.00 call spread Why now: Debit spread targets upside with defined risk.	Max loss is premium paid; needs spot above long strike at expiration.

Top Plays

Bear put spread

Buy 2026-07-02 $380.00/$360.00 put spread

Profits from move to $360 support.

Why this play: Bearish near-term bias suggests downside; defined risk.

Debit: $8.19-$10.01

Max loss: $10.01

BE: $369.99

Mgmt: Close near $360 or before earnings.

Traders expecting continued pressure to $360.

Bull call spread

Buy 2026-08-21 $380.00/$400.00 call spread

Capped upside from $380 to $400.

Why this play: Bullish flow and low VIX support reversal potential.

Debit: $7.20-$8.80

Max loss: $8.80

BE: $388.80

Mgmt: Exit if spot breaks below $368.

Traders anticipating reversal above $385.

Watchlist Triggers

Entry Triggers

IFAVGO closes below $368.71 (2D lower guardrail) → Enter bear put spread: Buy 2026-07-02 $380/$360 put spread at $8.19-$10.01

IFAVGO breaks above $385 (above max pain) → Enter bull call spread: Buy 2026-08-21 $380/$400 call spread at $7.20-$8.80

Exit Triggers

EXITAVGO reaches $360 or holds below 2 days → Exit bear put spread

EXITAVGO falls below $351.98 support → Exit bull call spread

Tactical Summary

Bearish near-term to $360; use bear put spread on breakdown below $368.71. Reversal above $385 triggers bull call spread. Exit bear on target or bull on support loss. Negative gamma and low VIX caution against early exit.

How to Use These Reports

This directional reflects the market close on June 16, 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.