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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
30
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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer theta report is available for May 19, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put Spread
Invalidation: Spot breaks below $420 support or above $450 resistance
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.2% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 57.2% >> VIX 18.4, elevated IV
Favorable?
Yes

Term structure: Steep contango from 0 to 3 DTE; extreme 0 DTE put skew (put IV 197%, call 97%)

📊IV rank elevated, premium selling favorable
⚠️0 DTE put skew extreme; risk of gap
🛡️Skew favors selling calls vs puts

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+54.0M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 14,405 (29.4% below spot)

OI concentrations: Call wall $450-$500; Put floor $220-$300; MP $382 (0 DTE), $422 (next)

Verdict: Pos GEX $54M, pinning likely; spot 4.3% above MP $422, moderate pin risk

Premium Opportunities

#1
Put credit spread
Sell 2026-06-05 $410.00/$385.00 put spread
Sell put spread before earnings to collect premium.
Credit: $7.36-$8.99
Max loss: $16.01
BE: $401.01
Mgmt: Exit if spot < $397; monitor pinning near $422.
#2
Iron condor
Sell 2026-06-12 $400.00/$380.00 put wing and $470.00/$490.00 call wing
Sell iron condor to profit from low vol.
Credit: $9.00-$11.00
Max loss: $9.00
BE: 389.00 / 481.00
Mgmt: Roll if spot nears wings; manage theta.

Risk Alerts

!Extreme 0 DTE put skew (197% IV) suggests crash risk
!Spot near call wall $450; watch for rejection
How to Use These Reports
This theta reflects the market close on May 15, 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.