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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias supported by positive dealer gamma, bullish flow, and spot below max pain. Target $400 resistance, risk gap fill to $370.

Confidence:
9 / 10
GEX/flow alignment (+2), GEX positive (+1), spot 2% from MP (+0.5), VIX 17 (+1). Base 5 → 9.5 (capped at 9).
Supports: Positive GEX ($5.1M), bullish flow, spot below max pain.
Conflicts: High vol regime, resistance at $400, macro weakness (SPY -0.31%).
📈GEX $5.1M positive, strong pin to $400
⚠️Spot 5% below MP, upward pressure
🔻Gamma flip $330, 16% downside risk

Regime Classification

Vol Regime
High
High vol regime: IV elevated above typical range, event-driven.
Gamma Regime
Pinning
Pinning gamma: GEX +$5.1M, put wall at $330, pin to $400.
Flow Regime
Bullish
Bullish flow: net premium positive, call buying dominance.
Spot vs Max Pain
Below
Below max pain: spot $379.76 vs $400, 5.3% below, upward pin pressure.
Thesis duration: Event-specific — High vol and pinning gamma near weekly expiries.

Price Range Forecast

Next 2 days
$379.76$404.51
Pinning to $400 resistance
Next 1 week
$370.73$413.53
Expiration pins at $390 (6/24) and $400 (6/26)
Next 2 weeks
$358.31$425.96
Wider range, resistance $426

Key Levels

Max pain pins: $400 (2026-06-22); $390 (2026-06-24); $400 (2026-06-26)
EM guardrails: 2d $379.76/$404.51; 1w $370.73/$413.53
Support: $358.31
Resistance: $400.00 · $425.96 · $430.00
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,531 (15.8% below spot)
Structural: Support: $330 (gamma flip/put wall), $358.31 (dealer support). Resistance: $400 (max pain), $426 (2w high), $430 (call resistance).

Dealer Positioning (GEX/DEX)

GEX: $+5.1M

DEX: +48.2M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,531 (15.8% below spot))

NTM gamma: GEX +$5.1M, DEX +48.2M shares (long), gamma flip ~$330.

IV Analysis

IV vs VIX: AVGO IV rich vs VIX 17.28, reflecting event pricing; short vol attractive.

Term structure: Front-end elevated with weekly expiry kinks; slight backwardation.

Skew: Put skew steep below $360; sell puts for premium or buy calls for upside gamma.

Flow Analysis

Net premium: Net call premium of ~$68.6M; vol P/C 0.76 (call-biased), OI P/C 1.08 (slightly put-heavy); overall bullish flow.

Directional prints: 11.5 call 397.5 OTM 2026-06-22 — Vol/OI 41.6; low IV 11.5%; OTM call. Likely bought calls bullish; preferred read: bullish. 24.6 call 405 OTM 2026-06-22 — Vol/OI 11.2; high volume 10,317; OTM call. Likely bought calls; preferred read: bullish. 4.5 put 392.5 ITM 2026-06-22 — Vol/OI 53.3; very low IV 4.5%; OTM put. Likely sold puts (bullish) vs bought; preferred read: bullish sold puts.

Unusual: 55.4 put 357.5 OTM 2026-06-26 — Deep OTM put weekly; vol/OI 27.7; high IV 55.4%. Unusual distant strike with short expiration. 14.7 put 395 ITM 2026-06-22 — ATM/OTM put; vol/OI 17.6; high volume 6,218. Unusual for being near the money with large flow. 20.3 call 402.5 OTM 2026-06-22 — OTM call; vol/OI 35.1; low premium 0.01. Unusual high volume relative to OI for a far OTM call.

Risks & Catalysts

!Spot below gamma flip $330 if selloff
!Vol crush post-event
!Resistance at $400 caps upside

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadModerate
Buy 2026-06-26 $400.00/$402.50 call spread
Why now: Call-biased flow, positive dealer gamma, support at $370. Captures upside to $400 with defined risk.
Capped upside; max loss if AVGO below $390 at expiration; vol crush may reduce value.
Put credit spreadModerate
Sell 2026-06-26 $357.50/$355.00 put spread
Why now: Spot above max pain, bullish flow, support at $370; collect premium with downside protection.
Loss if AVGO drops below $367.5; gap fill risk to $370 but defined at 367.5.

Top Plays

#1
Bull Call Spread
Buy 2026-06-26 $400.00/$402.50 call spread
Long call spread to profit from rise to $400 resistance.
Why this play: Directly captures bullish bias targeting $400 with defined risk; call flow supports upside.
Debit: $0.65-$0.80
Max loss: $0.80
BE: $400.80
Mgmt: Exit if spot breaks below $358.31; take profit near $400.
Aggressive traders seeking leveraged upside.
#2
Put Credit Spread
Sell 2026-06-26 $357.50/$355.00 put spread
Selling put spread below support to profit from bullish sentiment.
Why this play: Collects premium with bullish bias but less aggressive; provides downside buffer.
Credit: $0.11-$0.13
Max loss: $2.37
BE: $357.37
Mgmt: Manage if spot falls below $358.31; roll or close.
Conservative traders preferring income strategies.

Watchlist Triggers

Entry Triggers
IFIF spot holds above $358.31 support → THEN buy 2026-06-26 $400/$402.5 call spread at $0.65-$0.80
Exit Triggers
EXITIF spot breaks below $358.31 invalidation level → THEN exit bull call spread position

Tactical Summary

Bullish bias with spot above 358.31 support. Target resistance at 400 in 73 days. Use bull call spread for leveraged upside; invalidate below 358.31. Alternatives include put credit spread for income.
How to Use These Reports
This directional reflects the market close on June 22, 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.