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AVGO

Broadcom Inc.Close $416.79EOD only

Max Pain

$380.00

Next expiry May 15, 2026

Expected Move

±$13.38

3.2% from close

Price Gap

-36.79

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.14

Slightly put-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

AVGO Theta Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

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

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.

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.

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.