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AVGO

Broadcom Inc.Close $365.02EOD only

Max Pain

$375.00

Next expiry Jun 29, 2026

Expected Move

±$9.53

2.6% from close

Price Gap

+9.98

Distance to max pain

IV Rank

Low premium

P/C OI

1.07

Balanced positioning

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 26, 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 26, 2026 close

AVGO Directional Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

AVGO shows a near-term bullish bias due to bullish flow and spot at max pain, but negative gamma could cause sharp moves. Confidence 6/10.

Confidence:

6 / 10

Base 5, adjusted -1 for GEX/flow contradict, +1 for spot at MP, +1 for VIX 18. Net 6.

Supports: Bullish flow, spot at max pain, high VIX supportive of moves.
Conflicts: Negative dealer gamma contradicts bullish flow, suggesting potential reversals.

📈Bullish flow and spot at max pain suggest pinning near $372

⚡Negative gamma ($-17.5M GEX) can amplify trends, watch for acceleration

🎯Key resistance at $384.5 (2d EM guardrail), support $360

Regime Classification

Vol Regime

High

IV is high relative to typical range, likely due to event or uncertainty. VIX at 17.65 supports elevated volatility.

Gamma Regime

Trending

Dealer gamma is negative at -$17.5M, indicating short gamma positioning. This can amplify directional moves.

Flow Regime

Bullish

Flow is bullish with net positive premium and favorable put/call ratios.

Spot vs Max Pain

Spot is exactly at max pain ($372) for the nearest expiry, suggesting pinning pressure.

Thesis duration: Event-specific — Spot near max pain, with high IV, negative gamma, and bullish flow suggests event-related positioning for expiry.

Price Range Forecast

Next 2 days

$360.40$384.50

Test $384.5 resistance; support at $360.4

Next 1 week

$355.08$389.83

Wider range $355-$390; MP pins shift

Next 2 weeks

$340.58$404.33

Swing potential to $340 or $404; gamma flip at $330

Key Levels

Max pain pins: $372 (2026-06-29); $390 (2026-07-01); $385 (2026-07-02)

EM guardrails: 2d $360.40/$384.50; 1w $355.08/$389.83

Support: $360.00 · $340.58

Resistance: $372.50 · $400.00 · $404.33

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,647 (11.4% below spot)

Structural: Max pain $372 (Jun 29), $390 (Jul1), $385 (Jul2). EM guardrails: 2d $360.40/$384.50; 1w $355.08/$389.83. Support $340.58, resistance $400-$404.33. Gamma flip ~$330 (put OI concentration).

Dealer Positioning (GEX/DEX)

GEX: $-17.5M

DEX: +48.5M shares

Gamma flip: ~$330 (Approx — based on put OI concentration of 16,647 (11.4% below spot))

NTM gamma: Dealer gamma negative ($-17.5M), short gamma exposure. Gamma flip level ~$330, put OI conc 16,647 (11.4% below spot). DEX positive +48.5M shares.

IV Analysis

IV vs VIX: IV elevated vs VIX (17.65), event premium. Rich for selling options.

Term structure: Front-end vol elevated due to event; back-month vol lower. Steep term structure.

Skew: Put skew elevated; consider bullish call spreads for defined risk.

Flow Analysis

Net premium: Net $150M premium inflow; call volume ratio 1.76 (bullish) but OI ratio 1.10 slightly put heavy.

Directional prints: 52.5 call 410 OTM 2026-10-16 — Vol 23.3x OI, large premium $28.55, IV 52.5%. Likely bought as bullish long call; risk reversal or speculative bet on upside breakout. 7.8 call 375 OTM 2026-06-29 — Vol 32x OI, cheap $0.03. Possible bought for hedging or lottery; preferred read as bullish short-term speculation.

Unusual: 52.5 call 410 OTM 2026-10-16 — Extreme IV, high premium, vol/OI 23.3. Unusual flow; likely institutional positioning for upside. 7.8 call 375 OTM 2026-06-29 — Vol/OI 32x, negligible premium. Unusual concentration; possibly a sweep or closing activity. 10.1 put 372.5 ITM 2026-06-29 — Vol/OI 27.3x, small premium. Unusual put buying near ATM; may hedge long positions.

Risks & Catalysts

!Break below $360 support could accelerate to $340

!Gamma flip at $330 may trigger dealer hedging

!Resistance at $384.5 may cap rally

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-09-18 $400.00/$460.00 call spread Why now: Bullish flow and spot near support; defined-risk bet on upside to resistance.	Break below $360 stops out; time decay if no move.
Put credit spread	Moderate	Sell 2026-09-18 $330.00/$320.00 put spread Why now: Gamma risk manageable with defined spread below $350 support.	Break below $350 could widen loss to max.
Bullish risk reversal	Moderate-Strong	Buy 2026-09-18 $430.00 call / sell 2026-09-18 $330.00 put Why now: Large call print suggests upside expectation; risk reversal aligns.	Unlimited loss if stock drops below short put strike; margin required.

Top Plays

Defined-Risk Upside Call Spread

Buy 2026-09-18 $400.00/$460.00 call spread

Buy 2026-09-18 $400/$460 call spread for defined upside exposure.

Why this play: Best aligns with bullish bias and large call print; limited risk with attractive max gain.

Debit: $13.75-$16.80

Max loss: $16.80

BE: $416.80

Mgmt: Exit if spot breaks below $360; take partial profit near $384.5 or hold to expiry.

Traders wanting limited risk and leverage to upside.

Bullish Put Credit Spread

Sell 2026-09-18 $330.00/$320.00 put spread

Sell 2026-09-18 $330/$320 put spread to collect premium with defined downside.

Why this play: Alternative bullish play with lower risk and reward; gamma risk manageable below $350.

Credit: $2.77-$3.38

Max loss: $6.62

BE: $326.62

Mgmt: Close if spot falls below $360; roll if risk increases.

Conservative bulls comfortable with lower returns.

Aggressive Bullish Risk Reversal

Buy 2026-09-18 $430.00 call / sell 2026-09-18 $330.00 put

Buy 430 call, sell 330 put to profit from upside with defined risk on put side.

Why this play: Higher risk/reward; aligns with large OTM call print but unlimited loss potential.

Debit: $0.88-$1.07

Max loss: $330.00

BE: $330.00

Mgmt: Monitor closely; hedge if spot approaches $360 or put side risks grow.

Aggressive traders expecting strong upside move.

Watchlist Triggers

Entry Triggers

IFIF AVGO holds above $360 support and breaks above $372.5 resistance → THEN enter the Bull Call Spread: Buy 2026-09-18 $400.00/$460.00 call spread

IFIF AVGO stays above $360 and shows consolidation → THEN enter the Put Credit Spread: Sell 2026-09-18 $330.00/$320.00 put spread

IFIF AVGO rallies above $372.5 with strong momentum → THEN enter the Bullish Risk Reversal: Buy 2026-09-18 $430.00 call / sell 2026-09-18 $330.00 put

Exit Triggers

EXITIF AVGO drops below $360 → THEN exit the Bull Call Spread to limit losses

Tactical Summary

Prefer defined-risk bullish plays: Bull Call Spread on break of $372.5, Put Credit Spread on consolidation above $360, and aggressive Risk Reversal on strong momentum. Exit all if $360 support breaks. Monitor gamma flip at $330.

How to Use These Reports

This directional reflects the market close on June 29, 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.