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AVGO

Broadcom Inc.Close $392.43EOD only
Max Pain
$402.50
Next expiry Aug 19, 2026
Expected Move
±$9.88
2.5% from close
Price Gap
+10.07
Distance to max pain
IV Rank
11
Low premium
P/C OI
1.09
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Aug 17, 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 17, 2026 close
AVGO Theta Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short premium
Invalidation: Break below $367 support or above $420 resistance
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

#1
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.
#2
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.
#3
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.