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AVGO

Broadcom Inc.Close $414.57EOD only
Max Pain
$417.50
Next expiry May 22, 2026
Expected Move
±$8.05
1.9% from close
Price Gap
+2.93
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
1.15
Slightly put-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
AVGO Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO heads into earnings with 100% beat rate and elevated IV, but spot pinned near $415 resistance. High confidence.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 17
Most important: 100% beat rate and $415 pinning.
🔑100% beat rate, consistent beats.
⚠️Spot pinned at resistance, potential rejection.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
At
Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,607 (27.6% below spot)

Earnings Overview

Next earnings: 2026-06-03 (12 days)explicit

Expected moves:

  • 2026-05-26 (4d): ±$11.88 (2.9%)
  • 2026-05-27 (5d): ±$14.62 (3.5%)
  • 2026-05-29 (7d): ±$19.67 (4.8%)

IV Setup

Term structure: Upward sloping: 2.9% (4d) to 4.8% (7d).

Crush estimate: Moderate crush ~50-70%.

Skew: Put OI > call, skew defensive.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Moves typically exceed expected.

Directional bias: Bullish bias from consecutive beats.

Key Levels

1$300.00 gamma flip
2EM guardrails: 1w $399.52/$428.77
3Max pain pins: $415 (2026-05-22); $420 (2026-05-26); $415 (2026-05-27)

Flow Highlights

Put sweep at $380, 5.8x vol/OI.

Pre-earnings bearish hedge.

Call surge at $415 pinning.

Long gamma positioning near max pain.

Strategies

Long Straddle
Buy 2026-06-05 $420.00 put + buy $420.00 call
Debit: $37.19-$45.46
Max loss: $45.46
Max gain: Unlimited
BE: 374.54 / 465.46
Trigger: Close before earnings or manage gamma risk.
Best captures expected large move with 100% beat rate and upward sloping term structure.
Outperforms: Non-directional vol play on earnings.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Bull Call Spread
Buy 2026-06-05 $425.00/$455.00 call spread
Debit: $8.08-$9.87
Max loss: $9.87
Max gain: $20.13
BE: $434.87
Trigger: Set stop loss below $373.52.
Directional play with defined risk, exploiting bullish bias.
Outperforms: Expects breakout above $415 resistance.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!High VIX (16.7) implies uncertainty.
!IV crush post-earnings could reach 50%.
!Resistance at $415 may limit upside.

What to Watch

?Earnings report on June 3.
?Price action at $415 max pain.
?Post-earnings IV crush magnitude.
How to Use These Reports
This earnings reflects the market close on May 22, 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.