thetaOwl
HomeOptionsAVGOReports

AVGO

Broadcom Inc.Close $411.07EOD only
Max Pain
$420.00
Next expiry May 20, 2026
Expected Move
±$9.95
2.4% from close
Price Gap
+8.93
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
1.19
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: May 19, 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
May 19, 2026 close
AVGO Earnings Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Earnings Verdict

Bullish flow + 100% beat rate, but VIX 18 & spot below MP; IV elevated. Huge call buying and put floor at $370.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18
Most important: Massive 370 put (10K vol, 80x OI) suggests aggressive put selling/support; 435 call (11K vol) shows upside bets. Gamma pinning at $415-$422.
🚀Call OI wall $450-$500; huge $370 put bet suggests support.
⚡VIX 18 elevated; expect amplified moves into earnings.
📌Gamma pinning near $415-$422; spot below MP may pin.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,554 (27.0% below spot)

Earnings Overview

Next earnings: 2026-06-03 (15 days)explicit

Expected moves:

  • 2026-05-20 (1d): ±$9.95 (2.4%)
  • 2026-05-22 (3d): ±$17.35 (4.2%)
  • 2026-05-26 (7d): ±$20.53 (5.0%)

IV Setup

Term structure: Earnings 15d out; 1d IV ~2.4%, 3d ~4.2%, 7d ~5.0% imply steep term structure with event risk priced in.

Crush estimate: Moderate-large crush, possibly 20-30% post-event given high current IV and VIX ~18.

Skew: Upside calls heavily bought; put OI concentrated at low strikes ($220-$300) but recent 370 put volume suggests near-term put support.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Not available; 100% beat rate (4/4) with no average move data.

Directional bias: Bullish – 100% beat rate and strong call flow align with upside.

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $401.12/$421.02; 1w $390.55/$431.60
3Max pain pins: $420 (2026-05-20); $415 (2026-05-22); $422 (2026-05-26)

Flow Highlights

Put-Call vol ratio 0.59 (call-heavy), net premium +$70M. Unusual: 10K vol on 5/20 370 Put (80x OI) and 11K vol on 5/22 435 Call.

Aggressive put selling/support at 370 and call buying at 435 suggest bullish sentiment and pinning expectations.

Strategies

Premium Harvest
Sell 2026-06-05 $390.00 put + sell $435.00 call
Credit: $22.57-$27.58
Max loss: Unlimited
Max gain: $27.58
BE: 362.42 / 462.58
Trigger: Close before event if IV spikes; manage gamma.
High IV, beat rate, liquidity favor decay.
Outperforms: Sells OTM call/put to collect premium; profits from IV crush.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Directional Upside
Buy 2026-05-22 $367.50 put + buy $420.00 call
Debit: $5.20-$6.35
Max loss: $6.35
Max gain: Unlimited
BE: 361.15 / 426.35
Trigger: Hold through earnings; exit if IV drops early. Liquidity warning: Liquidity constraints: long_put: Wide spread (76%).
Bullish bias, 100% beat rate, put floor support upside; cheap vs straddle.
Outperforms: Buys OTM call & put to capture expected post-earnings move.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Heavy put OI at 220-300 (floor) and recent 370 put volume may cap downside; call OI wall at 450-500 could limit upside post-earnings.
!Gamma pinning near max pain $415-422; spot below MP ($415.09) increases pinning pull.

What to Watch

?Earnings on 6/3 – watch for pre-event IV expansion and any IV crush.
?Spot action relative to max pain and gamma flip at $300.
?VIX trend – sustained above 18 may increase event risk premium.
How to Use These Reports
This earnings reflects the market close on May 19, 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.