Let's break down the $AVGO gamma structure — this is textbook options positioning telling us where the real money is leaning.
Broadcom's building a concentration zone between $340 and $350. That's not random. When you see gamma clustering like this, it's institutional flow setting boundaries. The heaviest put positioning sits right at $340 this week — that's your line in the sand.
What does this mean structurally? The $340 level is acting as a gamma magnet and defensive floor. Big players are protecting downside there, which also makes it a logical support if price tests lower. Above, the $350 zone caps the range where dealers need to hedge.
The setup: Watch how price behaves at these bookends. A clean hold above $340 keeps the range intact. A break below with volume? That put wall gets tested and likely fails. Conversely, a push through $350 flips gamma dynamics and could accelerate upside as dealers chase.
This is options structure 101 — the Greeks don't lie. Follow the gamma, respect the levels, and let the big money show you the map.
Broadcom's building a concentration zone between $340 and $350. That's not random. When you see gamma clustering like this, it's institutional flow setting boundaries. The heaviest put positioning sits right at $340 this week — that's your line in the sand.
What does this mean structurally? The $340 level is acting as a gamma magnet and defensive floor. Big players are protecting downside there, which also makes it a logical support if price tests lower. Above, the $350 zone caps the range where dealers need to hedge.
The setup: Watch how price behaves at these bookends. A clean hold above $340 keeps the range intact. A break below with volume? That put wall gets tested and likely fails. Conversely, a push through $350 flips gamma dynamics and could accelerate upside as dealers chase.
This is options structure 101 — the Greeks don't lie. Follow the gamma, respect the levels, and let the big money show you the map.