Home Options AVGOReports

AVGO

Broadcom Inc.Close $392.13EOD only

Max Pain

$390.00

Next expiry Jun 24, 2026

Expected Move

±$12.38

3.2% from close

Price Gap

-2.13

Distance to max pain

IV Rank

Low premium

P/C OI

1.08

Balanced positioning

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

AVGO Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -0.5 spot 3.1% from MP; +0.5 VIX 19

Watch next session: 330 gamma flip; VIX movement; QQQ recovery

Flow Summary

Net premium: +$23.7M bullish

P/C volume ratio: 0.85

P/C OI ratio: 1.10

Heavy call buying near term contrasts with negative gamma and broad tech weakness (QQQ -3.3%). Net premium positive but put OI elevated. Negative GEX (-$19.9M) implies dealer hedging may amplify downside. Spot below gamma flip (330) keeps bias bearish.

Notable Prints

AVGO 2026-06-24 $385.00 Call

Vol: 3,264

OI: 225

Vol/OI: 14.5x

IV: 41.9%

Notional: ~$823K

Intent: bullish

Read-through: expects bounce

AVGO 2026-06-24 $382.50 Call

Vol: 1,805

OI: 141

Vol/OI: 12.8x

IV: 42.5%

Notional: ~$612K

Intent: bullish

Read-through: anticipates rebound

AVGO 2026-07-02 $382.50 Put

Vol: 806

OI: 102

Vol/OI: 7.9x

IV: 50.6%

Notional: ~$1.0M

Intent: bearish hedge

Dual read: vol play

Read-through: fears decline

AVGO 2026-06-24 $397.50 Call

Vol: 1,252

OI: 165

Vol/OI: 7.6x

IV: 43.0%

Notional: ~$51K

Intent: lottery

Read-through: hopes for rally

AVGO 2026-06-24 $382.50 Put

Vol: 1,392

OI: 195

Vol/OI: 7.1x

IV: 42.0%

Notional: ~$807K

Intent: protective

Read-through: hedging downside

Institutional Positioning

Call additions: Near-dated 6/24 calls heavily bought at 380-397.5 strikes, led by 385C (vol/oi 14.5) and 382.5C (12.8), suggesting aggressive short-term bullish bets.

Put additions: 6/24 puts active at 380 (vol/oi 4.8) and 382.5 (7.1); also 7/2 382.5 put (7.9). Indicates hedging or bearish hedging against downside.

GEX/DEX consistency: Inconsistent: GEX -$19.9M (negative gamma) vs DEX +49.3M shares (long delta). Market makers short gamma, may amplify moves, but positive delta suggests underlying buying.

OI clusters: Largest OI: 380 put (729), 395 call (364), 397.5 call (165). Gamma flip at 330 suggests heavy put concentration below.

Hedging evidence: Put volume surge at 380-382.5 strikes alongside call buying; likely collar/hedge structures. Negative gamma requires dealers to hedge, increasing volatility.

Max pain context: Spot below max pain (inferred higher). Pin may be near 380-385 based on OI concentration. Pressure to drift upward toward MP.

Signal vs Noise

~Signal: Concentrated call buying at high vol/oi ratios in near-term expiries.

~Signal: Put OI surge at 380 and 382.5, indicating hedging or bearish positioning.

~Noise: Overall market selloff (-3.3% QQQ) may distort flow interpretation.

~Noise: High VIX (19.5) but not extreme; context of broad tech weakness.

Key Conclusions

📈Bullish call flow: 385C vol/oi 14.5, 382.5C 12.8, showing strong near-term upside bets.

🛡️Hedging evident: put activity at 380-382.5 across expiries, likely protecting long positions.

⚡Negative gamma ($-19.9M) with positive DEX (+49.3M) -> potential for sharp moves; market makers need to hedge delta.

🎯Gamma flip at 330: key downside level. If broken, dealer hedging could accelerate selling.

How to Use These Reports

This flow reflects the market close on June 23, 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.