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AVGO

Broadcom Inc.Close $380.15EOD only
Max Pain
$392.50
Next expiry Jun 24, 2026
Expected Move
±$9.03
2.4% from close
Price Gap
+12.35
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.10
Slightly put-heavy
Consensus
4.5/10
Bearish tilt
Published snapshot: Jun 23, 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 23, 2026 close
AVGO Earnings Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO earnings 71d out, 100% beat rate, bullish flow with massive OTM call buying. Spot below max pain, structural support $360.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.4% from MP; +0.5 VIX 19
Most important: Flow: $390-$400 call OI walls (18:1 vol/OI) signal aggressive bullish positioning. Max pain $388 with spot $382.
🐂Unusual call volume at $390, $400 suggests smart money bets on upside
⚠️Elevated VIX and negative market context could limit near-term gains

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 16,584 (13.6% below spot)

Earnings Overview

Next earnings: 2026-09-03 (71 days)explicit

Expected moves:

  • 2026-06-26 (2d): ±$15.22 (4.0%)
  • 2026-06-29 (5d): ±$17.68 (4.6%)
  • 2026-07-01 (7d): ±$21.45 (5.6%)

IV Setup

Term structure: Steep: 2d ±4%, 5d ±4.6%, 7d ±5.6%

Crush estimate: Expected ~60-70% IV crush post-9/3 earnings

Skew: Put/call OI 1.09 but call volume dominates; skew neutral-bullish

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not provided, but 100% beat rate suggests frequent upside surprises

Directional bias: Bullish bias from 100% beat rate over 5 quarters

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $366.85/$397.30; 1w $364.40/$399.75
3Max pain pins: $388 (2026-06-24); $398 (2026-06-26); $380 (2026-06-29)

Flow Highlights

Massive call volume at $390, $400, $395 strikes with vol/OI ratios >10x

Aggressive bullish positioning near key resistance levels

Strategies

Earnings Vol Harvest
Sell 2026-07-02 $360.00/$357.50 put wing and $400.00/$405.00 call wing
Credit: $1.94-$2.37
Max loss: $2.63
Max gain: $2.37
BE: 357.63 / 402.37
Trigger: Exit if spot breaches $357.50 or $405; take profit at 50% max gain.
Expresses theta & vol premium with clear support/resistance from OI walls. Outranks bull call spread due to shorter duration and lower capital risk.
Outperforms: Sells put spread at $360 support and call spread at $400 resistance, capturing IV crush and time decay.
Underperforms: Move outside short strikes invalidates range thesis.
Bull call spread
Buy 2026-09-18 $440.00/$500.00 call spread
Debit: $9.40-$11.49
Max loss: $11.49
Max gain: $48.51
BE: $451.49
AVGO 100% beat rate and OTM call buying suggest upside.
Outperforms: Bullish earnings momentum with defined risk.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Gamma flip at $330 if spot drops, supported by put OI concentration
!Broad market negative (SPY -0.05%, QQQ -0.42%) and VIX 19 may cap upside

What to Watch

?Spot reaction at $360 support and $387.5 resistance
?Gamma dynamics near max pain $388 and call OI walls at $390-$500
How to Use These Reports
This earnings reflects the market close on June 24, 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.