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AVGO

Broadcom Inc.Close $382.07EOD only
Max Pain
$395.00
Next expiry Jun 15, 2026
Expected Move
±$10.12
2.6% from close
Price Gap
+12.93
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
5.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
AVGO Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Break below support $354 or spot above $395 resistance
Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 59.6% vs VIX 19.4 => ~3x, elevated
Favorable?
Yes

Term structure: Steep near-term call skew; term structure flat from 6d onward

⚠️Negative GEX -7.1M but bull flow; premium selling possible with support
📌Max pain pin at $395 (6/12) near spot

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-7.1M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 15,557 (14.4% below spot)

OI concentrations: Call OI wall $410-$500; Put floor $220-$330; Max pain pins $395 (6/12), $410 (6/15), $402 (6/17)

Verdict: Mixed - high call OI above, put support below, pin risk near max pain

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $370.00/$360.00 put spread
Sell $370/$360 put spread to collect premium while limiting downside to $5.99 max loss.
Credit: $3.28-$4.01
Max loss: $5.99
BE: $365.99
Mgmt: Exit if spot breaks $354 support; roll or close before earnings if IV spikes.
#2
Cash-secured put
Sell 2026-07-17 $370.00 cash-secured put
Sell $370 put to collect ~$17.27 premium with cash-secured margin; bullish-neutral bias.
Credit: $14.13-$17.27
Max loss: $352.73
BE: $352.73
Mgmt: Roll if spot approaches $354; consider buying put protection if sentiment shifts.

Risk Alerts

!Negative gamma exposure -$7.1M
!High call IV skew suggests short squeeze risk
!Imminent 1-day expiry (6/12) with elevated IV and max pain pin $395
How to Use These Reports
This theta reflects the market close on June 11, 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.