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AVGO

Broadcom Inc.Close $479.23EOD only

Max Pain

$437.50

Next expiry Jun 5, 2026

Expected Move

±$42.77

8.9% from close

Price Gap

-41.73

Distance to max pain

IV Rank

100

High premium

P/C OI

1.10

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 3, 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

Jun 3, 2026 close

AVGO Theta Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -1 spot 6.9% from MP; +1 VIX 15

IV Environment

IV Regime

High

IV vs VIX

IV (avg 62.3%) well above VIX (15.4); elevated implied vol.

Favorable?

Yes

Term structure: Near-term call IV extreme at 98% (1dte); rest 48-53% ATM.

⚠️Front-end call IV extreme (98% 1dte); event risk elevated.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-6.5M)

Gamma flip: ~$300.00 — Approx — based on put OI concentration of 13,771 (28.4% below spot)

OI concentrations: Call wall $500-$600; put floor $220-$300. Gamma flip at $300 (put OI).

Verdict: Spot well below max pain ($450); low pin risk near term.

Premium Opportunities

Put credit spread

Sell 2026-06-26 $400.00/$385.00 put spread

Sell $400/$385 put spread, capturing elevated IV before earnings.

Credit: $4.34-$5.31

Max loss: $9.69

BE: $394.69

Mgmt: Close at 50% profit or at invalidation near $385.

Iron condor

Sell 2026-06-26 $400.00/$385.00 put wing and $450.00/$475.00 call wing

Sell put wing $400/$385 and call wing $450/$475, profiting if stock stays between.

Credit: $8.14-$9.95

Max loss: $15.05

BE: 390.05 / 459.95

Mgmt: Manage wings; close at 50% gain or if breaks range.

Risk Alerts

!High IV spread vs VIX suggests elevated premium.

!Event risk from extreme near-term call IV; avoid naked positions.

How to Use These Reports

This theta reflects the market close on June 4, 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.