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AVGO

Broadcom Inc.Close $357.89EOD only
Max Pain
$350.00
Next expiry Sep 9, 2026
Expected Move
±$9.98
2.8% from close
Price Gap
-7.89
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.95
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Sep 4, 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
Sep 4, 2026 close
AVGO Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 8, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Short put spreads
Invalidation: AVGO below $383.73
Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 61.9% vs VIX 18.9: 3x+ premium
Favorable?
Yes

Term structure: Steep contango 0DTE 8% to 2DTE 50%+; back month ~50%

⚠️IV high but negative GEX and spot below MP warrant caution

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-1.5M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 14,657 (16.8% below spot)

OI concentrations: Put OI conc. at $330 (16.8% below spot); call wall $430-$500

Verdict: Elevated pin risk near max pain $408/$420/$415; watch expiration pinning

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $400.00/$380.00 put spread
Sell 400/380 put spread to collect premium with limited downside.
Credit: $8.91-$10.89
Max loss: $9.11
BE: $389.11
Mgmt: Close at 50% max gain or if AVGO drops below $370.
#2
Cash-secured put
Sell 2026-08-21 $380.00 cash-secured put
Sell 380 put to earn premium and potentially acquire AVGO at lower cost.
Credit: $21.76-$26.59
Max loss: $353.41
BE: $353.41
Mgmt: Roll if tested or close at 50% max gain.

Risk Alerts

!GEX -$1.5M: dealer hedging pressure
!Spot below max pain increases pin risk
!High IV may compress if vol subsides
How to Use These Reports
This theta reflects the market close on June 8, 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.