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AVGO

Broadcom Inc.Close $411.35EOD only
Max Pain
$387.50
Next expiry Jun 22, 2026
Expected Move
±$12.60
3.1% from close
Price Gap
-23.85
Distance to max pain
IV Rank
100
High premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
AVGO Directional Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias with pinning support; near-term event-specific, but elevated vol and distance from MP warrant caution.

Confidence:
8 / 10
Base 5, +2 GEX/flow aligned, +1 GEX positive, -1 spot 11.2% from MP, +1 VIX 16. Score 8.
Supports: GEX +$142.7M, bullish flow, spot above MP, VIX 16.
Conflicts: Spot 11.2% above MP, high vol regime.
📊GEX/flow alignment strong
🎯Pinning near $370-$388 max pain
⚠️11.2% above MP, caution on pullback

Regime Classification

Vol Regime
High
IV elevated relative to typical range, driven by event uncertainty.
Gamma Regime
Pinning
Positive GEX $142.7M suggests dealer hedging supports pinning near key strikes.
Flow Regime
Bullish
Net premium flow positive, P/C ratio skewed bullish.
Spot vs Max Pain
Above
Spot 11.2% above max pain, suggesting upward bias but with retracement risk.
Thesis duration: Event-specific — Near-term expiry cluster (Jun18,22,24) drives pinning dynamics.

Price Range Forecast

Next 1 week
$392.15$430.55
Range defined by EM guardrails $392.15-$430.55.
Next 2 weeks
$380.23$442.48
Range $380.23-$442.48, with support at lower bound.

Key Levels

Max pain pins: $370 (2026-06-18); $388 (2026-06-22); $385 (2026-06-24)
EM guardrails: 1w $392.15/$430.55
Support: $380.23
Resistance: $420.00 · $430.00 · $442.48
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,545 (19.8% below spot)
Structural: Support 380.23, resistance 420, 430, 442.48. Gamma flip ~330. Max pain pins: 370 (Jun18), 388 (Jun22), 385 (Jun24).

Dealer Positioning (GEX/DEX)

GEX: $+142.7M

DEX: +58.5M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,545 (19.8% below spot))

NTM gamma: GEX +$142.7M, DEX +58.5M shares, gamma flip ~$330.

IV Analysis

IV vs VIX: IV rich relative to VIX given high vol regime; event premium embedded.

Term structure: Likely flat to inverted near expiry due to event.

Skew: Put skew elevated, but positive GEX suggests support. Opportunity: sell structure vs event risk.

Flow Analysis

Net premium: Bullish net premium of $306.6M with call volume 2.4x puts, though OI P/C ratio 1.08 shows lingering put open interest.

Directional prints: 8.8 call 415 OTM 2026-06-18 — Vol 29155 vs OI 3620 (ratio 8.1). Large OTM call buying suggests bullish momentum; preferred buy. 31.8 call 412.5 OTM 2026-06-22 — Vol 1828 vs OI 132 (ratio 13.8). Aggressive ITM call accumulation; likely bought, bullish. 31.3 call 420 OTM 2026-06-22 — Vol 3657 vs OI 429 (ratio 8.5). New OTM call interest; directional bullish bet.

Unusual: 8.4 put 407.5 OTM 2026-06-18 — Vol 4774 vs OI 374 (ratio 12.8). Unusual put volume at low premium; could be hedging or sold. Preferred: sold puts. 53.6 put 360 OTM 2026-06-22 — Vol 1120 vs OI 131 (ratio 8.6). Deep OTM put with high IV; likely speculative or bearish hedge. 31.2 call 430 OTM 2026-06-22 — Vol 1676 vs OI 200 (ratio 8.4). OTM call buying at high strike; bullish upside speculation.

Risks & Catalysts

!Spot retracement to max pain levels ($370-$388).
!Gamma flip if spot breaks below $330.
!Event miss or earnings disappointment.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate
Buy 2026-07-02 $405.00/$425.00 call spread
Why now: Large OTM call buying at 415, 2.4x call volume vs puts
Event miss or spot retrace to max pain $370-388
Put credit spreadModerate-Weak
Sell 2026-07-02 $387.50/$372.50 put spread
Why now: Pinning support and elevated put OI; sell out-of-money put spread
Spot breaks below short strike due to event shock Liquidity constraints: short_put: Open interest below 25.
Bullish risk reversalModerate-Strong
Buy 2026-08-21 $420.00 call / sell 2026-08-21 $370.00 put
Why now: Call volume dominance and flow print at 415C; cheap upside via risk reversal
Unlimited downside if stock falls below short put strike

Top Plays

#1
Bull Call Spread
Buy 2026-07-02 $405.00/$425.00 call spread
Buy 2026-07-02 $405/$425 call spread for limited risk bullish exposure
Why this play: Directly leverages large OTM call buying at 415 strike
Debit: $8.30-$10.15
Max loss: $10.15
BE: $415.15
Mgmt: Exit if spot breaks below 380.23 invalidation
Traders seeking defined risk bullish play with liquidity
#2
Bullish Risk Reversal
Buy 2026-08-21 $420.00 call / sell 2026-08-21 $370.00 put
Buy 420 call, sell 370 put for bullish theta and vega
Why this play: Cheap upside via call volume dominance; unlimited gain potential
Debit: $14.02-$17.13
Max loss: $370.00
BE: $370.00
Mgmt: Monitor gamma risk; adjust if spot nears 370
Aggressive traders expecting strong upside move
#3
Put Credit Spread
Sell 2026-07-02 $387.50/$372.50 put spread
Sell $387.50/$372.50 put spread to collect premium
Why this play: Pinning support but liquidity fail makes it lower priority
Credit: $2.72-$3.33
Max loss: $11.67
BE: $384.17
Mgmt: Roll if spot approaches 380.23 Liquidity warning: Liquidity constraints: short_put: Open interest below 25.
Income-focused traders with high conviction on support

Watchlist Triggers

Entry Triggers
IFIF spot holds above 380.23 support with bullish momentum → THEN buy 2026-07-02 $405/$425 call spread (entry range 8.30-10.15)
IFIF spot stays above 380.23 and call volume continues → THEN enter bullish risk reversal: buy 420 call, sell 370 put
Exit Triggers
EXITIF spot breaks below 380.23 invalidation level → THEN close all bullish positions (bull call spread and risk reversal)

Tactical Summary

Bullish bias with support at 380.23; top play is $405/$425 call spread. Bullish risk reversal as aggressive alternative. Invalidation level 380.23. Resistance at 420 and 430. Earnings 77 days out; caution on vol.
How to Use These Reports
This directional reflects the market close on June 18, 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.