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AVGO

Broadcom Inc.Close $291.53EOD only
Max Pain
$337.50
Next expiry Nov 6, 2026
Expected Move
±$12.18
4.2% from close
Price Gap
+45.97
Distance to max pain
IV Rank
43
Middle-high premium
P/C OI
1.05
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Nov 5, 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
Nov 5, 2026 close
AVGO Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Moderate
Primary: Bull put spread @ 340 support
Invalidation: Spot breaks below 358 or above 410
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 2.0% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 56.5% vs VIX 17.3: very elevated, high premium environment
Favorable?
Yes

Term structure: Slight contango; front-end 0 DTE IV 7%, then jumps to ~47-51% and flattens

⚠️High IV (>50%) across tenors; premium selling favorable
🎯Positive dealer gamma (+$5.1M) and bullish flow; may pin spot

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+5.1M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,531 (15.8% below spot)

OI concentrations: Max pain $400 (multiple expirations); support $358; resistance $400; gamma flip $330

Verdict: Elevated pin risk near $400 resistance; put OI below spot may pin lower

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $370.00/$360.00 put spread
Sell 370/360 put spread to collect premium with defined risk.
Credit: $2.50-$3.05
Max loss: $6.95
BE: $366.95
Mgmt: Exit if spot <358; manage at 50% max profit.
#2
Iron condor
Sell 2026-07-17 $370.00/$360.00 put wing and $400.00/$410.00 call wing
Sell 370/360 put and 400/410 call wings for premium.
Credit: $5.92-$7.23
Max loss: $2.77
BE: 362.77 / 407.23
Mgmt: Adjust wings if spot approaches boundaries; close early on pin risk.

Risk Alerts

!Spot near max pain $400; watch for pinning action
!High IV (56%) suggests inflated premium; size positions carefully
!Pin risk at $400 resistance; consider tight break management
How to Use These Reports
This theta reflects the market close on June 22, 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.