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AVGO

Broadcom Inc.Close $411.35EOD only
Max Pain
$387.50
Next expiry Jun 22, 2026
Expected Move
±$12.60
3.1% from close
Price Gap
-23.85
Distance to max pain
IV Rank
100
High premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
AVGO Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Near-term bullish skew with strong call flow; earnings 77d out, low event risk.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.2% from MP; +1 VIX 16
Most important: Gamma pin near $370-$388; spot 11% above MP may cap upside near-term.
📊100% beat rate last 5 quarters; strong fundamental tailwind.
⚠️Spot 11.2% above MP ($370); potential near-term pullback.
📈Unusual $420 call vol on 6/22; bullish conviction.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,545 (19.8% below spot)

Earnings Overview

Next earnings: 2026-09-03 (77 days)explicit

Expected moves:

  • 2026-06-22 (4d): ±$12.60 (3.1%)
  • 2026-06-24 (6d): ±$19.20 (4.7%)
  • 2026-06-26 (8d): ±$24.05 (5.8%)

IV Setup

Term structure: Contango: expected moves ±3.1% (4d) to ±5.8% (8d); near-term IV mixed (8-32%).

Crush estimate: N/A; earnings far out. No immediate crush.

Skew: Slight put OI overweight; put floor $220-$330, call wall $500.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 100% beat rate (5/5 quarters).

Directional bias: Bullish due to consistent beats and positive flow.

Key Levels

1$330.00 gamma flip
2EM guardrails: 1w $392.15/$430.55
3Max pain pins: $370 (2026-06-18); $388 (2026-06-22); $385 (2026-06-24)

Flow Highlights

Large call buying on 6/22 $410 (3220 vol) and $420 (3657 vol), low OI.

Aggressive bullish bets for near-term strength toward $420.

Massive 6/18 $415 call volume (29k) at near-zero premium.

Likely closing of short calls or scalp activity.

Strategies

Short Volatility on No Event Risk
Sell 2026-06-26 $387.50 put + sell $435.00 call
Credit: $7.11-$8.69
Max loss: Unlimited
Max gain: $8.69
BE: 378.81 / 443.69
Trigger: Monitor gamma risk; close at 50% max gain or adjust if spot approaches strikes.
Outranks diagonal due to higher probability of profit, no event risk, and contango benefit; spot well within strikes.
Outperforms: Sells put and call OTM to capture premium decay with wide breakevens.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Bullish Diagonal with Contango Capture
Sell 2026-06-26 $435.00 call / buy 2026-07-24 $400.00 call
Debit: $24.25-$29.65
Max loss: $29.65
Max gain: Variable
BE: Path-dependent
Trigger: Roll short leg if spot tests $435; exit if spot breaches invalidation.
Provides upside exposure with defined risk, but gamma pin near-term caps upside, making short strangle more robust.
Outperforms: Short near-term call funds long-dated call, leveraging contango for net credit.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Earnings 77d out reduces event risk.
!Spot 11.2% above max pain ($370) could attract mean reversion.
!VIX 16 suggests macro sensitivity.

What to Watch

?SPY/QQQ correlation; VIX direction.
?Gamma flip at $330 - breach could accelerate.
?Call wall at $500 for long-term resistance.
How to Use These Reports
This earnings reflects the market close on June 18, 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.