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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO 73 days from earnings, IV moderate, flow bullish with heavy call buying. Historical beat rate 100% supports upward drift.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +1 VIX 17
Most important: Flow aligns with bullish gamma pinning; spot below MP but call OI wall at $430-$500 provides resistance.
📊100% beat rate with +$12.38 expected move; historical avg +3.2%.
⚠️Heavy put buying at $392.5 (53x OI) warns of downside hedging.
🔑Call OI wall at $430-$500; resistance zone from OI concentration.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,531 (15.8% below spot)

Earnings Overview

Next earnings: 2026-09-03 (73 days)explicit

Expected moves:

  • 2026-06-24 (2d): ±$12.38 (3.2%)
  • 2026-06-26 (4d): ±$18.22 (4.6%)
  • 2026-06-29 (7d): ±$21.40 (5.5%)

IV Setup

Term structure: Front-end elevated: 2d IV ~50%, back-month normal. Skew slightly put-biased at strikes below $390.

Crush estimate: N/A (event 73 days out); near-term IV crush minimal post-expiry.

Skew: Put skew elevated at $357.5 (IV 55.4) indicating fear bid.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: AVGO historically moves +3.5% vs expected ±5% on earnings, but this is long-dated context.

Directional bias: Bullish given 100% beat rate and post-earnings drift higher.

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $379.76/$404.51; 1w $370.73/$413.53
3Max pain pins: $400 (2026-06-22); $390 (2026-06-24); $400 (2026-06-26)

Flow Highlights

Unusual put buying at $392.5 and $395 strikes (vol/oi >10) alongside heavy OTM call buying.

Mixed positioning: put buyers hedge downside, call buyers anticipate upside breakout.

Net premium +$68.6M with 0.76 P/C volume ratio, bullish bias.

Call demand dominates; positive GEX/flow supports pinning near $400.

Strategies

Call Diagonal
Sell 2026-07-10 $420.00 call / buy 2026-07-31 $435.00 call
Debit: $2.97-$3.63
Max loss: $3.63
Max gain: Variable
BE: Path-dependent
Trigger: Monitor delta; roll if underlying approaches short strike.
Captures bullish bias with defined risk and time decay advantage from elevated front-end IV.
Outperforms: Sell near-term call, buy later-dated call for bullish delta and vega benefit.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor
Sell 2026-07-17 $360.00/$350.00 put wing and $430.00/$450.00 call wing
Credit: $4.79-$5.86
Max loss: $14.14
Max gain: $5.86
BE: 354.14 / 435.86
Trigger: Close at 50% profit or near expiration; adjust wings if breached.
Profits from pinning near max pain and defined risk; call wall caps upside.
Outperforms: Sell put and call wings to collect premium with defined max loss.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-07-10 $360.00 put + sell $435.00 call
Credit: $7.94-$9.71
Max loss: Unlimited
Max gain: $9.71
BE: 350.29 / 444.71
Trigger: Set stop loss; roll untested side if one side is threatened.
High premium capture with bullish tailwind from 100% beat rate, but unlimited risk.
Outperforms: Sell OTM put and call to profit from time decay and stable price.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Long strangle
Buy 2026-09-18 $360.00 put + buy $400.00 call
Debit: $54.20-$66.25
Max loss: $66.25
Max gain: Unlimited
BE: 293.75 / 466.25
Earnings catalyst 73 days out; IV moderate; historical 100% beat rate supports large move; strangle captures upside/downside without direction bet.
Outperforms: Buy cheap vol ahead of AVGO earnings with OTM strangle.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!VIX 17 and high vol regime amplify gamma effects; spot may pin near $400.
!Gamma flip at $330; break below could accelerate selling.
!Call wall $430-$500 caps upside in absence of catalyst.

What to Watch

?Weekly $400 max pain and $392.5/$397.5 put activity for pinning.
?Surge in 0DTE call OI at $402.5 and $405.
?Gamma flip level $330 for downside risk.
How to Use These Reports
This earnings reflects the market close on June 22, 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.