thetaOwl
HomeOptionsAVGOReports

AVGO

Broadcom Inc.Close $380.15EOD only
Max Pain
$392.50
Next expiry Jun 24, 2026
Expected Move
±$9.03
2.4% from close
Price Gap
+12.35
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.10
Slightly put-heavy
Consensus
4.5/10
Bearish tilt
Published snapshot: Jun 23, 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 23, 2026 close
AVGO Theta Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness5 / 10
Sizing: Conservative
Primary: Long Put Spreads
Invalidation: Spot above $400
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.4% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV extremely elevated vs VIX (56.7 vs 18.6)
Favorable?
No

Term structure: Front-end high (0DTE 22.9%, 2DTE 55.1%); steep contango then backwardation

📈IV 3x VIX offers rich premium but high risk
⚠️Negative GEX -$16.9M implies dealer hedging pressure

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-16.9M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,584 (13.6% below spot)

OI concentrations: Put OI heavy below $360 (16.6k); call wall $420-$500

Verdict: Max pain draws price to $388 by expiry; spot below, likely pin higher

Premium Opportunities

#1
Call diagonal
Sell 2026-07-24 $420.00 call / buy 2026-09-18 $400.00 call
Sell near-term 420c, buy longer-dated 400c to benefit from elevated IV term structure
Debit: $21.87-$26.73
Max loss: $26.73
BE: Path-dependent
Mgmt: Exit if spot breaches 360 invalidation level

Risk Alerts

!High vol regime with negative dealer gamma amplifies moves
!Time decay limited on 0DTE; avoid naked shorts
How to Use These Reports
This theta reflects the market close on June 24, 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.