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AVGO

Broadcom Inc.Close $416.05EOD only
Max Pain
$415.00
Next expiry Aug 14, 2026
Expected Move
±$11.05
2.7% from close
Price Gap
-1.05
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.11
Slightly put-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Aug 12, 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
Aug 12, 2026 close
AVGO Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Sell put spreads below 405 support
Invalidation: Spot closes below $405 or VIX spikes above 20
Confidence:
-2 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.7% from MP; +1 VIX 17; override: Extreme 1d skew raises tail risk

IV Environment

IV Regime
High
IV vs VIX
AVGO IV (58.7%) is 3.4x VIX (17.3); extreme premium
Favorable?
Yes

Term structure: 1d put skew extreme (150% IV); medium-term contango normal

⚡1d put IV 150% signals hedging fear; avoid naked puts
✅High IV and positive GEX favor premium selling

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+102.4M)

OI concentrations: Call wall $500; Put floor $220-$300; Max pain $380-$422

Verdict: Spot above max pain; pin risk at $420/$422 if bullish flow continues

Premium Opportunities

#1
Put credit spread
Sell 2026-06-05 $420.00/$415.00 put spread
Sell 420/415 put spread for elevated premium, defined risk.
Credit: $1.73-$2.12
Max loss: $2.88
BE: $417.88
Mgmt: Exit if spot <405 or VIX spikes.
#2
Iron condor
Sell 2026-06-05 $420.00/$415.00 put wing and $450.00/$460.00 call wing
Sell 420/415 put and 450/460 call wings for credit.
Credit: $5.24-$6.41
Max loss: $3.59
BE: 413.59 / 456.41
Mgmt: Adjust if one wing tested near expiration.
#3
Put calendar
Sell 2026-06-05 $420.00 put / buy 2026-07-17 $420.00 put
Sell front-month put, buy back-month put for contango.
Debit: $10.40-$12.71
Max loss: $12.71
BE: Path-dependent
Mgmt: Monitor vol; exit if spot below support.

Risk Alerts

!Extreme 1d put skew (IV 150%) indicates tail risk
!1d expiration tomorrow; watch gamma squeeze
How to Use These Reports
This theta reflects the market close on May 14, 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.