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AVGO

Broadcom Inc.Close $365.02EOD only
Max Pain
$375.00
Next expiry Jun 29, 2026
Expected Move
±$9.53
2.6% from close
Price Gap
+9.98
Distance to max pain
IV Rank
16
Low premium
P/C OI
1.07
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Jun 26, 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 26, 2026 close
AVGO Earnings Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AVGO 66 days from earnings; IV elevated, bullish flow, 100% beat rate. Contango term structure.

Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 spot 0.0% from MP; +1 VIX 18
Most important: Heavy OTM call buying and bullish flow signal positive sentiment, but high IV pre-earnings may lead to sharp crush.
📈Oct16 $410C block suggests institutional long-dated optimism.
⚠️High IV and 66d to earnings: theta decay is a headwind.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,647 (11.4% below spot)

Earnings Overview

Next earnings: 2026-09-03 (66 days)explicit

Expected moves:

  • 2026-07-01 (2d): ±$12.05 (3.2%)
  • 2026-07-02 (3d): ±$14.82 (4.0%)
  • 2026-07-06 (7d): ±$17.38 (4.7%)

IV Setup

Term structure: Steep contango: near-dated IV 7-11%, earnings-dated Oct 16 IV 52.5%.

Crush estimate: 40-60% of earnings IV premium post-report.

Skew: Slight put OI skew; call activity dominates.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A

Directional bias: Bullish, 100% beat rate.

Key Levels

1$330.00 gamma flip
2EM guardrails: 2d $360.40/$384.50; 1w $355.08/$389.83
3Max pain pins: $372 (2026-06-29); $390 (2026-07-01); $385 (2026-07-02)

Flow Highlights

Large Oct 16 $410 Call (27k vol, 23x OI) at IV 52.5%.

Long-dated bullish bet ahead of earnings.

Near-dated heavy buying at OTM calls: $375, $377.5, $385.

Short-term bullish positioning, possibly gamma scalping.

Strategies

Iron Condor
Sell 2026-07-31 $340.00/$310.00 put wing and $420.00/$455.00 call wing
Credit: $8.28-$10.12
Max loss: $24.88
Max gain: $10.12
BE: 329.88 / 430.12
Trigger: Monitor max pain; adjust wings if spot moves.
Captures IV contraction with defined risk, ideal for high pre-earnings IV.
Outperforms: Neutral-bullish play profiting from time decay and IV crush.
Underperforms: Move outside short strikes invalidates range thesis.
Long call
Buy 2026-09-18 $440.00 call
Debit: $13.90-$17.00
Max loss: $17.00
Max gain: Unlimited
BE: $457.00
Bullish sentiment, 100% beat rate, high IV pre-earnings favors long call for convexity.
Outperforms: Capture upside from expected positive earnings move with limited risk.
Underperforms: Failure at support and IV crush weaken long-call thesis.

Risk Assessment

!IV already high; premium decay over 66 days.
!Gamma risk if spot moves through max pain.
!Put floor at $250-$330 not likely tested near term.

What to Watch

?Spot vs MP $372 (0DTE) and EM guardrails $360/$384 (2d).
?Call OI wall $400-$500; Put OI $250-$330.
?Sustained bullish flow ahead of earnings.
How to Use These Reports
This earnings reflects the market close on June 29, 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.