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AVGO

Broadcom Inc.Close $416.79EOD only
Max Pain
$380.00
Next expiry May 15, 2026
Expected Move
±$13.38
3.2% from close
Price Gap
-36.79
Distance to max pain
IV Rank
47
Middle-high premium
P/C OI
1.14
Slightly put-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: May 13, 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 13, 2026 close
AVGO Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish bias with 100% beat rate, heavy call flow, and gamma pinning near $420-$450. Elevated IV offers premium but crush risk post-earnings.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.7% from MP; +1 VIX 17
Most important: Unprecedented call volume on $460C and $500C suggests aggressive upside positioning. Max pain at $380 but spot at $445 indicates upward drift.
📈Call flow dominates with $377M net premium; PC volume ratio 0.29, extremely bullish.
⚠️IV crush of 30-50% expected post-earnings; long premium positions face decay.
💡100% beat rate historically; any miss would be a massive surprise.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-06-03 (20 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$10.60 (2.4%)
  • 2026-05-18 (4d): ±$16.00 (3.6%)
  • 2026-05-20 (6d): ±$22.57 (5.1%)

IV Setup

Term structure: Steep contango into earnings; 1d expected move 2.4%, 6d 5.1% reflecting high event IV.

Crush estimate: 30-50% IV drop post-earnings typical for AVGO.

Skew: Call skew steep; put/call OI ratio 1.15 but volume ratio 0.29, strong call demand.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical moves often exceed implied moves; last 4 earnings all beat with average move ~4%.

Directional bias: Bullish; 100% beat rate and positive post-earnings drift.

Key Levels

1EM guardrails: 2d $429.19/$450.39; 1w $417.22/$462.37
2Max pain pins: $380 (2026-05-15); $420 (2026-05-18); $422 (2026-05-20)

Flow Highlights

Massive call buying: AVGO 2026-05-18 $460C with vol/OI 51.7x, over 6k contracts.

Aggressive short-dated upside speculation, likely positioning for earnings run-up.

Unusual put activity: $412.5P and $315P with elevated vol/OI, but $315P deep OTM (0.09).

Mix of hedging and lottery puts; not bearish conviction.

Strategies

Long Strangle on AVGO
Buy 2026-06-05 $405.00 put + buy $450.00 call
Debit: $28.42-$34.73
Max loss: $34.73
Max gain: Unlimited
BE: 370.27 / 484.73
Trigger: Close before earnings to avoid crush; take partial profits on 15%+ move
Only eligible candidate; high beat rate and avg move justify strangle
Outperforms: Captures 4% avg move with upside/downside from IV expansion
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!IV expansion from current 40-55% to 60%+ possible if event risk re-prices.
!Gamma pinning may cap near-term moves until earnings.
!High premium cost; theta decay accelerates after next week.
!Spot far from max pain ($380) increases pin risk.

What to Watch

?AI sector sentiment and NVDA earnings impact on semis.
?Call OI wall at $500 and put floor at $380; any break could accelerate.
?Volatility term structure changes as earnings approach.
?Broader market VIX levels and macro data (CPI, FOMC).
How to Use These Reports
This earnings reflects the market close on May 14, 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.