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AVGO

Broadcom Inc.Close $414.14EOD only
Max Pain
$420.00
Next expiry May 26, 2026
Expected Move
±$11.88
2.9% from close
Price Gap
+5.86
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
1.14
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
AVGO Earnings Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish flow with 100% beat rate, but elevated IV and gamma pin.

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: Watch IV crush vs. sustained bullish mom from call flow.
🔥0dte OTM call deluge suggests implied move may be undersized.
📈100% beat rate but VIX 17; earnings not fully priced.

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 14,567 (28.9% below spot)

Earnings Overview

Next earnings: 2026-06-03 (8 days)explicit

Expected moves:

  • 2026-05-27 (1d): ±$8.62 (2.0%)
  • 2026-05-29 (3d): ±$16.10 (3.8%)
  • 2026-06-01 (6d): ±$20.07 (4.8%)

IV Setup

Term structure: Front-week IV high (~50%+), steep contango; 6d expected move 4.8%.

Crush estimate: Post-earnings IV crush 60-70%.

Skew: Call skewed heavily OTM; heavy 0dte OTM call volume.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Avg move near implied bounds.

Directional bias: Bullish (100% beat).

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $413.39/$430.64; 1w $401.94/$442.09
3Max pain pins: $420 (2026-05-26); $415 (2026-05-27); $410 (2026-05-29)

Flow Highlights

Massive OTM call volume on 0dte ($445 call 12k vol vs 381 OI).

Aggressive bullish bets or short hedging; may amplify move.

Net call premium $126.5M, put/call vol ratio 0.53.

Dominant bullish flow but residual put OI (ratio 1.17).

Strategies

Call Calendar
Sell 2026-06-05 $445.00 call / buy 2026-06-12 $445.00 call
Debit: $1.94-$2.37
Max loss: $2.37
Max gain: Variable
BE: Path-dependent
Trigger: Exit after earnings if IV collapses; adjust if price moves near strike.
Outranks short strangle due to defined risk and direct capture of IV crush.
Outperforms: Sell front-week call, buy next-week call to profit from post-earnings IV decline and theta decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-06-05 $400.00 put + sell $445.00 call
Credit: $20.07-$24.53
Max loss: Unlimited
Max gain: $24.53
BE: 375.47 / 469.53
Trigger: Set stop-loss on either side; roll if price approaches strikes.
Higher premium but unlimited risk; less suitable given potential large gap.
Outperforms: Sell OTM put and call to collect premium from high IV.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings miss risk despite 100% history.
!High IV crush post-event.
!Gamma pin near max pain $420.
!Potential large gap on guidance miss.

What to Watch

?Earnings 6/3; AI revenue guidance key.
?Price reaction at $450 resistance, $420 support.
?IV collapse magnitude.
How to Use These Reports
This earnings reflects the market close on May 26, 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.