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AVGO

Broadcom Inc.Close $382.07EOD only
Max Pain
$395.00
Next expiry Jun 15, 2026
Expected Move
±$10.12
2.6% from close
Price Gap
+12.93
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
5.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
AVGO Earnings Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer earnings report is available for June 12, 2026.

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Earnings Verdict

AVGO near 385, 84 days to earnings. Bullish flow net $72M but put OI wall. Multiple expirations show active positioning.

Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; +0.5 VIX 19
Most important: Aggressive OTM call buying (740C Jan27) and put activity (340P) indicate directional bets. Spot near call OI wall $410.
🚀Massive call buying in 740C Jan27 – bullish long-term sentiment.
🛡️Heavy put volume at 340P – downside protection or speculation.
📊Net premium $72M positive, but put OI higher – mixed signals.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 15,557 (14.4% below spot)

Earnings Overview

Next earnings: 2026-09-03 (84 days)explicit

Expected moves:

  • 2026-06-12 (1d): ±$9.50 (2.5%)
  • 2026-06-15 (4d): ±$15.35 (4.0%)
  • 2026-06-17 (6d): ±$20.75 (5.4%)

IV Setup

Term structure: Short-term IV elevated (40-45%), long-dated IV 55% (Jan27). Flat term structure given VIX 19.

Crush estimate: Not near earnings; premium decays slowly.

Skew: Put skew elevated short-end (75% at 340P), call skew flat.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not applicable; no earnings event imminent.

Directional bias: Neutral-bullish from long-dated call flow, but cautious given put activity and spot below max pain.

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $376.07/$395.07; 1w $364.82/$406.32
3Max pain pins: $395 (2026-06-12); $410 (2026-06-15); $402 (2026-06-17)

Flow Highlights

AVGO 2027-01-15 $740 Call: 8120 vol vs 467 OI (17.4x), IV 54.9%.

Aggressive long-dated call buying, bullish sentiment for 2027.

AVGO 2026-06-12 $340 Put: 18611 vol vs 1255 OI (14.8x), IV 75.4%.

Heavy put buying near expiration, downside hedging or speculation.

Strategies

Iron Condor
Sell 2026-06-18 $370.00/$365.00 put wing and $400.00/$410.00 call wing
Credit: $3.22-$3.93
Max loss: $6.07
Max gain: $3.93
BE: 366.07 / 403.93
Trigger: Close at 50% max profit or near expiry; adjust if spot breaks 365 or 410.
Captures theta decay with defined risk; elevated IV and no catalyst favor non-directional play.
Outperforms: Sell 370/365 put wing and 400/410 call wing; profit if spot stays between 365 and 400.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal
Sell 2026-06-18 $390.00 call / buy 2026-07-17 $410.00 call
Debit: $3.82-$4.67
Max loss: $4.67
Max gain: Variable
BE: Path-dependent
Trigger: Roll if spot drops below invalidation 354; take profit if short call goes ITM.
Bullish bias with reduced cost; benefits from long-dated IV and call resistance at 410.
Outperforms: Sell 6/18 390 call, buy 7/17 410 call; aims for directional move with limited cost.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Spot below max pain $395; gamma flip at $330 puts pressure.
!High VIX 19 amplifies moves.
!Put OI wall $220-$330 supports but heavy put volume at 340P.

What to Watch

?Max pain: $395 (6/12), $410 (6/15), $402 (6/17).
?EM guardrails: $376-$395 (2d), $365-$406 (1w).
?Call resistance $410-$500; support $354.
How to Use These Reports
This earnings reflects the market close on June 11, 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.

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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.