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AVGO

Broadcom Inc.Close $389.28EOD only
Max Pain
$382.50
Next expiry Aug 3, 2026
Expected Move
±$10.82
2.8% from close
Price Gap
-6.78
Distance to max pain
IV Rank
18
Low premium
P/C OI
1.07
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Jul 31, 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
Jul 31, 2026 close
AVGO Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Spread
Invalidation: Spot closes below $387.5 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
AVGO IV (avg 57.4%) elevated vs VIX (18.4); high option demand
Favorable?
Yes

Term structure: Front-end skew extreme: 0DTE call IV 68% vs put 52%; term structure backwardated

📈IV elevated 3x VIX; sell premium on high vol

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+35.0M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,541 (16.0% below spot)

OI concentrations: Call wall $430-$500, put floor $220-$330; max pain $388 for 6/17

Verdict: Spot above max pain; dealer +$35M GEX supports pin near $388-$400

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $390.00/$380.00 put spread
Sell $390/$380 put spread to collect premium with defined risk.
Credit: $3.96-$4.84
Max loss: $5.16
BE: $385.16
Mgmt: Close if spot breaks $387.5 or near expiration.
#2
Iron condor
Sell 2026-07-17 $390.00/$380.00 put wing and $410.00/$420.00 call wing
Sell put wing $390/$380 and call wing $410/$420.
Credit: $6.91-$8.44
Max loss: $1.56
BE: 381.56 / 418.44
Mgmt: Adjust wings if spot breaches $387.5 or $410.

Risk Alerts

!Break below $387.5 risks gamma flip to $330
!Expiry today; avoid naked positions
How to Use These Reports
This theta reflects the market close on June 17, 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.