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AVGO

Broadcom Inc.Close $354.99EOD only
Max Pain
$355.00
Next expiry Sep 25, 2026
Expected Move
±$7.65
2.1% from close
Price Gap
+0.01
Distance to max pain
IV Rank
0
Low premium
P/C OI
0.94
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: Sep 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
Sep 23, 2026 close
AVGO Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 25, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Sell Put Spreads
Invalidation: Spot breaks below $360 or VIX >25
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.1% from MP; +0.5 VIX 19; override: base 5; +2 GEX/flow aligned; -0.5 spot 4.1% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 55.9% vs VIX 18.9: over 3x, elevated
Favorable?
Yes

Term structure: Near-term low (41% at 1d), steep contango to 49% at 6d, then flattening

📈IV/VX ratio >3; high premium environment
⚠️Short term IV lower; favor longer expirations

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-22.5M)

Gamma flip: ~$330.00 — Approx — based on put OI concentration of 16,586 (12.9% below spot)

OI concentrations: Call OI wall $400-$500, Put floor $250-$330; Put/Call OI 1.09

Verdict: Moderate pin risk near max pain $395-$398; support $360, resistance $395

Premium Opportunities

#1
Put credit spread
Sell 2026-07-02 $360.00/$357.50 put spread
Sell put spread at $360 support to collect premium
Credit: $0.45-$0.55
Max loss: $1.95
BE: $359.45
Mgmt: Close if spot nears $360 or before earnings
#2
Iron condor
Sell 2026-07-02 $360.00/$357.50 put wing and $395.00/$397.50 call wing
Sell call and put wings around $360-$395
Credit: $1.08-$1.32
Max loss: $1.18
BE: 358.68 / 396.32
Mgmt: Adjust wings if volatility spikes

Risk Alerts

!Spot 4.1% below max pain
!Negative dealer gamma -$22.5M
!Gamma flip at $330
How to Use These Reports
This theta reflects the market close on June 25, 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.