Home Options AVGOReports

AVGO

Broadcom Inc.Close $382.07EOD only

Max Pain

$397.50

Next expiry Jun 26, 2026

Expected Move

±$15.23

4.0% from close

Price Gap

+15.43

Distance to max pain

IV Rank

Low premium

P/C OI

1.09

Balanced positioning

Consensus

5.0/10

Consensus signal

Published snapshot: Jun 24, 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 24, 2026 close

AVGO Directional Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias toward $395 max pain by 06-26 expiry, driven by negative gamma amplification and flow alignment; resistance at $395-$400 caps and high vol increases tail risk.

Confidence:

7 / 10

Base 7: +2 GEX/flow strongly aligned, -0.5 spot 4.1% from MP, +0.5 VIX 19.

Supports: Negative gamma -$22.5M, positive delta +49.1M shares, spot ~4% below MP, GEX/flow alignment, VIX 19.
Conflicts: High vol regime, spot distance from MP, mixed flow signals, resistance cluster $395-$400.

📈Negative gamma -$22.5M amplifies moves toward MP $395

⚠️Spot 4% below MP; pull to $395 expected but resistance at $400

📊VIX 19 supports elevated vol; options premium rich

Regime Classification

Vol Regime

High

Elevated IV (High regime) amplifies price swings; options rich vs VIX.

Gamma Regime

Trending

Strong negative gamma (-$22.5M) creates trending dynamics as dealers hedge directionally.

Flow Regime

Mixed

Mixed net premium but GEX/flow alignment supports current bullish bias.

Spot vs Max Pain

Below

Spot ~4% below max pain $395 (06-26), creating pull higher toward pin.

Thesis duration: Event-specific — Multiple adjacent expiries (06-26,06-29,07-01) with concentrated OI/convergence.

Price Range Forecast

Next 2 days

$370.34$387.49

Drift to $395 max pain expected.

Next 1 week

$360.01$397.81

Swing to $395-400 resistance zone.

Next 2 weeks

$349.86$407.96

Expiry pin at $398 on 07-01, but risk of gamma squeeze.

Key Levels

Max pain pins: $395 (2026-06-26); $380 (2026-06-29); $398 (2026-07-01)

EM guardrails: 2d $370.34/$387.49; 1w $360.01/$397.81

Support: $360.00 · $349.86

Resistance: $395.00 · $400.00 · $407.96

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,586 (12.9% below spot)

Structural: Support: $360 (put wall), $349.86 (2w low). Resistance: $395 (max pain 06-26), $400, $407.96 (2w high). Gamma flip at $330.

Dealer Positioning (GEX/DEX)

GEX: $-22.5M

DEX: +49.1M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,586 (12.9% below spot))

NTM gamma: Negative gamma (-$22.5M) with positive delta (+49.1M shares); flip at $330; dealers hedge amplifies moves toward max pain.

IV Analysis

IV vs VIX: IV elevated relative to VIX (18.9), consistent with high-vol regime; rich premiums.

Term structure: Not provided, likely contango given high vol and no near event; front expiry may show kink at 06-26.

Skew: Put skew likely due to negative gamma; potential call overwriting if rally continues.

Flow Analysis

Net premium: Net premium negative $3.34M, put-call vol ratio 0.73 (call-heavy), OI ratio 1.09 (put-heavy OI).

Directional prints: 45.6 call 370 ITM 2026-06-29 — Vol/OI 7.9, heavy call volume, likely bullish buying. 53.1 call 380 OTM 2026-07-02 — Vol/OI 7.8, high call activity, suggests bullish sentiment. 52.6 call 387.5 OTM 2026-07-02 — Vol/OI 7.7, elevated call volume, directional bullish.

Unusual: 96.1 put 100 OTM 2026-09-18 — Deep OTM put with 5.9 vol/OI, high IV 96%, speculative or protective.

Risks & Catalysts

!Upside gamma squeeze if spot breaks above $395.

!Failure at resistance leads to reversal.

!Volatility crush post-expiry.

!Unexpected news event.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-10 $370.00/$395.00 call spread Why now: Heavy call volume, lead print on 370C. Max pain $395 supports upside.	Resistance at $395 caps; vol crush risk.
Bull call spread	Moderate-Strong	Buy 2026-09-18 $390.00/$400.00 call spread Why now: Flow shows call skew, negative gamma amplification supports upside.	Time decay if stock stays below 390; max loss is premium paid.
Long call	Moderate	Buy 2026-09-18 $380.00 call Why now: Call-heavy flow and potential gamma squeeze; earnings catalyst on 09-03.	Time decay and volatility crush post-earnings; total loss if stock declines.

Top Plays

Bull call spread near max pain

Buy 2026-07-10 $370.00/$395.00 call spread

Exploits bullish flow and resistance at $395 with limited loss.

Why this play: Aligns with heavy call volume and 370C lead print, targeting $395 max pain with defined risk.

Debit: $10.58-$12.93

Max loss: $12.93

BE: $382.93

Mgmt: Exit at $385 or hold to expiry; stop if below $360.

Traders seeking defined-risk bullish play with near-term expiry.

Long call ahead of earnings

Buy 2026-09-18 $380.00 call

Unlimited upside if AVGO rallies through earnings.

Why this play: Capitalizes on call-heavy flow and earnings catalyst on 09-03, with potential gamma squeeze.

Debit: $35.46-$43.34

Max loss: $43.34

BE: $423.34

Mgmt: Sell before earnings to avoid IV crush; set stop at $360.

Aggressive traders who can withstand higher premium and time decay.

Long-dated call spread

Buy 2026-09-18 $390.00/$400.00 call spread

Positions for gradual upside while limiting downside with spread.

Why this play: Cheaper alternative capturing call skew and gamma amplification with lower cost.

Debit: $3.96-$4.84

Max loss: $4.84

BE: $394.84

Mgmt: Monitor IV; exit at $400 or hold through earnings with tight stop.

Traders wanting lower capital at risk and patience for earnings drift.

Watchlist Triggers

Entry Triggers

IFIf AVGO bounces above $360 support and holds above $370 for 2 consecutive closes, then → enter the 2026-07-10 $370/$395 bull call spread for $10.58-$12.93.

Exit Triggers

EXITIf AVGO closes below $360 invalidation level, then → exit the bull call spread (BS01) to limit loss to $12.93.

EXITIf AVGO reaches $395 resistance before 07-10 expiry, then → close the $370/$395 bull call spread for max gain of $12.07.

Tactical Summary

Bullish bias toward $395 max pain with resistance at $395-$400. Support at $360 (put wall). Next earnings 09-03. Preferred entry on strength above $370 support using near-term BS01. Exit if spot loses $360 or take profit at $395 resistance. Longer-dated positions may benefit from earnings drift but IV risk higher.

How to Use These Reports

This directional reflects the market close on June 25, 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.