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AVGO

Broadcom Inc.Close $411.07EOD only

Max Pain

$420.00

Next expiry May 20, 2026

Expected Move

±$9.95

2.4% from close

Price Gap

+8.93

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.19

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: May 19, 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

May 19, 2026 close

AVGO Theta Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18

IV Environment

IV Regime

High

IV vs VIX

Avg IV 56.6% vs VIX 18: rich

Favorable?

Yes

Term structure: Short-dated elevated, mixed term structure

📈IV high vs VIX, premium selling attractive

⚠️Term structure not strongly contango; watch expiry risk

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+10.1M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,554 (27.0% below spot)

OI concentrations: Max pain $420-$422; put OI heavy below, call wall $450-$500

Verdict: Below MP with positive dealer gamma; pin risk moderate, drift toward $420 likely

Premium Opportunities

Iron condor

Sell 2026-06-12 $390.00/$385.00 put wing and $420.00/$430.00 call wing

Sell 390/385 put and 420/430 call wings to profit from IV contraction.

Credit: $4.97-$6.08

Max loss: $3.92

BE: 383.92 / 426.08

Mgmt: Monitor delta; adjust if stock nears wings. Close at 50% max profit or before earnings.

Put credit spread

Sell 2026-06-12 $390.00/$385.00 put spread

Sell $390/$385 put spread to collect premium while limiting downside exposure.

Credit: $1.55-$1.90

Max loss: $3.10

BE: $388.10

Mgmt: Exit if stock breaks $375 or IV collapses. Take profit at 50% max credit.

Cash-secured put

Sell 2026-06-12 $390.00 cash-secured put

Sell $390 put to collect premium with intent to own shares if assigned.

Credit: $12.78-$15.62

Max loss: $374.38

BE: $374.38

Mgmt: Consider rolling if stock drops below $370. Accept assignment or close before earnings.

Risk Alerts

!Vol regime high

!Gamma flip near $300

How to Use These Reports

This theta reflects the market close on May 19, 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.