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AVGO

Broadcom Inc.Close $418.91EOD only
Max Pain
$450.00
Next expiry Jun 5, 2026
Expected Move
±$11.78
2.8% from close
Price Gap
+31.09
Distance to max pain
IV Rank
49
Middle-high premium
P/C OI
1.10
Slightly put-heavy
Consensus
4.0/10
Bullish tilt
Published snapshot: Jun 4, 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 4, 2026 close
AVGO Earnings Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO near earnings; flow shows heavy call overwriting at 405C and 402.5C, net put premium negative $302M, indicating hedging or bearish bias.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 9.2% from MP; +0.5 VIX 22
Most important: Massive 0DTE call volume at 405C and 402.5C suggests aggressive call selling; net premium negative $302M.
📉Heavy call selling at 405C and 402.5C with 25k+ vol suggests strong resistance.
🛡️Put IV at 79.9% on 340P signals hedging for a 12% drop.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$300.00 — Approx — based on put OI concentration of 13,900 (22.2% below spot)

Earnings Overview

Next earnings: 2026-09-03 (90 days)explicit

Expected moves:

  • 2026-06-08 (3d): ±$16.57 (4.3%)
  • 2026-06-10 (5d): ±$10.68 (2.8%)
  • 2026-06-12 (7d): ±$26.68 (6.9%)

IV Setup

Term structure: Near-term IV elevated (30-80%) with backwardation; front-week options pricing 5-8% moves.

Crush estimate: Post-weekly expiration, IV likely to drop 20-30%.

Skew: Put skew elevated with 340P IV 79.9%, reflecting downside protection demand.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Historical earnings moves average 5.2% vs expected 4.3%, 100% beat rate over 4 quarters.

Directional bias: Neutral over 5 quarters; no consistent direction.

Key Levels

1$300.00 gamma flip
2EM guardrails: 2d $369.16/$402.31; 1w $375.06/$396.41
3Max pain pins: $425 (2026-06-05); $420 (2026-06-08); $420 (2026-06-10)

Flow Highlights

Massive call volume at 405C (25k vol vs 1.3k OI) and 402.5C (20k vol vs 0.8k OI) suggests aggressive call selling.

Resistance at 405 and 402.5; sellers expect limited upside.

Unusual put activity at 340P (1.5k vol vs 116 OI, IV 79.9%) indicates downside hedging.

Market pricing a 12% drop scenario; tail risk protection.

Strategies

Iron Condor
Sell 2026-06-18 $370.00/$365.00 put wing and $407.50/$410.00 call wing
Credit: $1.82-$2.23
Max loss: $2.77
Max gain: $2.23
BE: 367.77 / 409.73
Trigger: Close at 50% max profit or before earnings if IV drops.
Defined risk, profits from high IV and backwardation; suits current bearish hedge.
Outperforms: Sell 370/365 put and 407.5/410 call spread, max gain 2.23.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-18 $365.00 put + sell $410.00 call
Credit: $13.59-$16.61
Max loss: Unlimited
Max gain: $16.61
BE: 348.39 / 426.61
Trigger: Monitor near strikes; roll if touched; close before earnings.
Higher premium but unlimited risk; aggressive play on low realized vol.
Outperforms: Sell 365 put and 410 call, credit 16.61.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Net negative premium $302M indicates bearish positioning.
!High VIX (21.5) and tech weakness (QQQ -4.8%) amplify downside risk.
!Spot at $384.54 below MP of $425; gamma flip at $300 suggests heavy put OI.

What to Watch

?Spot reaction to 405 resistance level.
?Put OI concentration at 390-340 strikes for downside acceleration.
?VIX direction and QQQ correlation.
How to Use These Reports
This earnings reflects the market close on June 5, 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.