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AVGO

Broadcom Inc.Close $382.07EOD only
Max Pain
$397.50
Next expiry Jun 26, 2026
Expected Move
±$15.23
4.0% from close
Price Gap
+15.43
Distance to max pain
IV Rank
13
Low premium
P/C OI
1.09
Balanced positioning
Consensus
5.0/10
Consensus signal
Published snapshot: Jun 24, 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 24, 2026 close
AVGO Earnings Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO earnings 70 days out; historical 100% beat rate and bullish call flow suggest upside bias, but near-term IV elevated and gamma risk near $330 and $395.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.1% from MP; +0.5 VIX 19
Most important: Heavy front-month call buying and deep OTM put tail hedge highlight positioning for upside with tail risk protection.
📈Heavy call buying at $370 and $380 strikes signals bullish positioning.
🛡️Deep OTM put at $100 suggests tail hedge against catastrophic downside.
📊100% beat rate over last 5 quarters supports historical bullish bias.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,586 (12.9% below spot)

Earnings Overview

Next earnings: 2026-09-03 (70 days)explicit

Expected moves:

  • 2026-06-26 (1d): ±$8.58 (2.3%)
  • 2026-06-29 (4d): ±$13.17 (3.5%)
  • 2026-07-01 (6d): ±$18.90 (5.0%)

IV Setup

Term structure: Steep backwardation: front-month IV ~45-50%, back-month ~30%.

Crush estimate: Near-term crush ~5% post-expiry; earnings crush not yet priced.

Skew: Put skew elevated at deep OTM puts (96% IV at $100), suggesting tail hedging.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 100% beat rate over last 5 quarters.

Directional bias: Bullish bias from consistent beats and recent call flow.

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $370.34/$387.49; 1w $360.01/$397.81
3Max pain pins: $395 (2026-06-26); $380 (2026-06-29); $398 (2026-07-01)

Flow Highlights

Unusual call buying at $370 (6/29) and $380 (7/2) strikes with high vol/OI ratios.

Traders positioning for upside into earnings, likely expecting positive catalysts.

Deep OTM put at $100 (9/18) with 96% IV and 5.9x vol/OI.

Tail risk hedge against severe downside, possibly institutional.

Strategies

Long Call
Buy 2026-09-18 $420.00 call
Debit: $21.49-$26.26
Max loss: $26.26
Max gain: Unlimited
BE: $446.26
Trigger: Exit on break below $360; take profit on momentum fade near resistance.
Consistent beats and bullish call flow favor upside; back-month IV lower offers cheap entry.
Outperforms: Buy a call to profit from upside move with cheap back-month premium.
Underperforms: Failure at support and IV crush weaken long-call thesis.
Bull Call Spread
Buy 2026-09-18 $400.00/$410.00 call spread
Debit: $3.13-$3.82
Max loss: $3.82
Max gain: $6.18
BE: $403.82
Trigger: Close if stock drops below $360; aim to capture full spread near $410.
Defined risk upside play with low cost; back-month IV lower reduces premium.
Outperforms: Captures a moderate upward move with limited risk and lower cost.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-09-18 $350.00 put + buy $450.00 call
Debit: $34.18-$41.77
Max loss: $41.77
Max gain: Unlimited
BE: 308.23 / 491.77
Trigger: Close if IV crushes or move is small; let run if break of $350 or $450.
Earnings catalyst could cause large move; cheap back-month IV provides convexity.
Outperforms: Profits from a large move in either direction without predicting direction.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Max pain at $395 (6/26) may pin price; resistance at $400-$500 call wall.
!Gamma flip near $330 could trigger acceleration if broken.
!Support at $360 and $350; break below $350 may test put floor at $330.

What to Watch

?Price action around $395 max pain and $400 resistance.
?Unusual call activity at $370/$380 and any new large prints.
?Put floor at $330 and gamma flip level.
How to Use These Reports
This earnings reflects the market close on June 25, 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.