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AVGO

Broadcom Inc.Close $393.94EOD only
Max Pain
$400.00
Next expiry Jun 17, 2026
Expected Move
±$12.35
3.1% from close
Price Gap
+6.06
Distance to max pain
IV Rank
52
Middle-high premium
P/C OI
1.12
Slightly put-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
AVGO Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO 100% beat rate; near-term IV elevated; flow mixed with heavy put activity but net call premium; high confidence bullish bias.

Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; -0.5 spot 4.6% from MP; +1 VIX 16
Most important: Gamma flip at 330; put walls below; call OI at 410+.
🛡️Put volume 372.5/375 suggests downside protection despite bullish beat rate.
📈Call OI concentrated 385-395, aligning with bullish historical bias.
⚠️Spot below max pain $395; pin risk to downside if volume fades.

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 16,472 (12.4% below spot)

Earnings Overview

Next earnings: 2026-09-03 (79 days)explicit

Expected moves:

  • 2026-06-17 (1d): ±$8.00 (2.1%)
  • 2026-06-18 (2d): ±$12.03 (3.2%)
  • 2026-06-22 (6d): ±$15.18 (4.0%)

IV Setup

Term structure: Front-end steep (1d IV ~36%); back-end normal.

Crush estimate: Minimal; earnings 79 days away.

Skew: Put skew elevated below 375; active put buying at 372.5/375.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Beat rate 100%; avg move >2% on beats.

Directional bias: Bullish; 5/5 beats.

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $368.71/$384.71; 1w $361.53/$391.88
3Max pain pins: $395 (2026-06-17); $370 (2026-06-18); $382 (2026-06-22)

Flow Highlights

Unusual put buying at 372.5 (3844x, vol/oi 16x) and 375 (4498x, 11.7x).

Hedging or bearish positioning near support.

Active call buying at 385-395 strikes; 5756x at 390 call.

Bullish bets favoring short-term upside.

Strategies

Bullish Call Calendar
Sell 2026-06-26 $380.00 call / buy 2026-07-17 $380.00 call
Debit: $8.01-$9.79
Max loss: $9.79
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot trades below 352 or above 420; close before earnings.
Aligns with bullish bias and elevated front-end IV; benefit from IV contraction at back month.
Outperforms: Sell near-term 380 call, buy later 380 call to capture term structure skew.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Range-Bound Iron Condor
Sell 2026-07-10 $355.00/$350.00 put wing and $380.00/$390.00 call wing
Credit: $4.90-$6.00
Max loss: $4.00
Max gain: $6.00
BE: 349.00 / 386.00
Trigger: Adjust wings if spot approaches 355 or 380; close at 50% max gain.
Neutral strategy with defined risk; spot near center; utilizes elevated IV.
Outperforms: Sell 355/380 strangle with 350/390 wings for credit; profit if spot stays between short strikes.
Underperforms: Move outside short strikes invalidates range thesis.
Defensive Put Calendar
Sell 2026-06-26 $360.00 put / buy 2026-07-17 $360.00 put
Debit: $6.39-$7.81
Max loss: $7.81
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot rallies above 395; roll if volatility spikes.
Hedging play with minimal directional bias; benefits from steep front-end IV.
Outperforms: Sell near-term 360 put, buy later 360 put to profit from time decay and IV drop.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Spot $376 below max pain $395; pin risk to lower strikes.
!Gamma flip at $330; break below could accelerate selling.
!Net premium positive but put OI ratio >1 suggests hedging.

What to Watch

?Weekly expiration pin action near $375.
?Earnings catalyst: Sept 3, 2026.
How to Use These Reports
This earnings reflects the market close on June 16, 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.