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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
16
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 Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 13, 2026. A newer earnings report is available for June 26, 2026.

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Earnings Verdict

Bullish setup: 100% beat rate, stock at max pain, massive call buying, 21 days to earnings.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +1 VIX 18
Most important: Strong call flow and pinning near $420 suggest upside bias into earnings.
📈Perfect beat rate + strong call flow = high conviction bullish setup.
⚠️Gamma flip at $300 and elevated VIX add downside tail risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,489 (28.0% below spot)

Earnings Overview

Next earnings: 2026-06-03 (21 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$13.38 (3.2%)
  • 2026-05-18 (5d): ±$17.28 (4.1%)
  • 2026-05-20 (7d): ±$23.12 (5.5%)

IV Setup

Term structure: Upward sloping; 2d ±3.2%, 5d ±4.1%, 1w ±5.5%.

Crush estimate: IV crush post-earnings likely ~50% based on high current vol.

Skew: Put/call OI ratio 1.14 shows slight put bias, but call volume dominates.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Avg move historically exceeds expected move, with 100% beat rate.

Directional bias: Bullish; stock rallies on beats consistently.

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $403.42/$430.17; 1w $399.52/$434.07
3Max pain pins: $420 (2026-05-13); $380 (2026-05-15); $422 (2026-05-18)

Flow Highlights

Unusual call volume on 5/13 expiries at $417.5, $415, $420 strikes.

Aggressive buying near max pain suggests positioning for pin.

Large call volume at $425 for 5/15 expiry with IV 46%.

Speculative calls betting on continued rally post-earnings.

Strategies

Bullish directional play
Buy 2026-05-15 $417.50/$420.00 call spread
Debit: $0.90-$1.10
Max loss: $1.10
Max gain: $1.40
BE: $418.60
Trigger: Exit if stock breaks below $384 invalidation level.
100% beat rate, max pain at $420, strong call flow, and liquidity pass make this top choice for earnings upside.
Outperforms: Low-cost bull call spread targeting the $420 max pain level, benefiting from expected upward move.
Underperforms: Loss of support weakens upside continuation thesis.
Volatility expansion play
Buy 2026-05-15 $412.50 put + buy $420.00 call
Debit: $9.13-$11.16
Max loss: $11.16
Max gain: Unlimited
BE: 401.34 / 431.16
Trigger: Consider closing if IV collapses or stock stays within range; monitor for gamma risk.
Average move exceeds expected move, cheap vol, and 100% beat rate support a large move; unlimited upside potential.
Outperforms: Long strangle capturing outsized earnings move, profiting from direction or vol expansion.
Underperforms: Insufficient realized move reduces long-strangle edge.
Calendar call for IV crush
Sell 2026-06-05 $580.00 call / buy 2026-06-18 $580.00 call
Debit: $0.56-$0.68
Max loss: $0.68
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock drops below $384 or if IV curve flattens. Liquidity warning: Liquidity constraints: short_call: Wide spread (93%). Substitutions: short_call: resolved contract 2026-06-05 $4400.00 missing; used 2026-06-05 $580.00.; long_call: resolved contract 2026-06-18 $4400.00 missing; used 2026-06-18 $580.00.
Upward sloping term structure and high pre-earnings IV; short leg decays quickly before earnings, benefiting from crush.
Outperforms: Sell near-term call, buy later call to profit from IV term structure and time decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call calendar
Sell 2026-06-05 $580.00 call / buy 2026-06-18 $580.00 call
Debit: $0.56-$0.68
Max loss: $0.68
Max gain: Variable
BE: Path-dependent
Bullish bias, IV crush benefits short leg more, upward sloping term structure; short expiry before earnings maximizes premium decay.
Outperforms: Sell OTM call expiring before earnings, buy lower strike call expiring after for bullish vol crush capture.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip at $300 (deep put wall) could amplify downside if broken.
!VIX 18 elevated; macro risk may weigh on high-beta semis.

What to Watch

?Earnings on 6/3; guidance and AI demand commentary.
?Key resistance at $450 call OI wall; support at $384.
How to Use These Reports
This earnings reflects the market close on May 13, 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.

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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.