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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish setup: 100% beat rate, heavy call activity, gamma pinning $420. Elevated IV expected to crush post-ER.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 17
Most important: Heavy call volume $420-$427.5 and pinning at $420 suggest upside bias.
📈100% beat streak: 4/4 quarters beat.
⚠️Call wall at $450-$500 may cap upside.
📍Gamma pinning $420: spot right at max pain.

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 14,583 (28.2% below spot)

Earnings Overview

Next earnings: 2026-06-03 (14 days)explicit

Expected moves:

  • 2026-05-22 (2d): ±$15.47 (3.7%)
  • 2026-05-26 (6d): ±$18.60 (4.5%)
  • 2026-05-27 (7d): ±$10.25 (2.5%)

IV Setup

Term structure: Front-end elevated, 2d ±3.7%, back-end skewed higher.

Crush estimate: Moderate, 3-5% move expected.

Skew: Call skew elevated on near OTM strikes.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Move near implied, 100% beat rate.

Directional bias: Bullish (4/4 beats).

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $402.29/$433.24; 1w $399.16/$436.36
3Max pain pins: $420 (2026-05-20); $415 (2026-05-22); $420 (2026-05-26)

Flow Highlights

Heavy call buying at $420, $425, $427.5 (vol/OI up to 13x).

Bullish positioning ahead of earnings.

Net premium $97M positive, put/call vol ratio 0.48.

Strong call dominance.

Strategies

Call Calendar $420
Sell 2026-06-05 $420.00 call / buy 2026-06-18 $420.00 call
Debit: $3.47-$4.24
Max loss: $4.24
Max gain: Variable
BE: Path-dependent
Trigger: Close if stock moves below invalidation $372.94; target IV crush after earnings.
Only eligible play; leverages IV crush post-earnings with front-end IV premium.
Outperforms: Sell front call, buy back call to profit from IV drop and neutral/directional bias.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip at $300 (far below) but high vol regime.
!Large call OI wall at $450-$500 could cap upside.
!Event risk despite historical beats.

What to Watch

?Earnings 06/03; expected moves 2d ±3.7%, 1w ±4.5%.
?IV crush post-ER: monitor for volatility collapse.
How to Use These Reports
This earnings reflects the market close on May 20, 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.