Whales with a lot of money to spend have taken a noticeably bullish stance on Broadcom.
Looking at options history for Broadcom AVGO we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $547,745 and 8, calls, for a total amount of $426,081.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $195.0 for Broadcom over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Broadcom's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Broadcom's whale trades within a strike price range from $115.0 to $195.0 in the last 30 days.
Broadcom 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | CALL | SWEEP | BULLISH | 01/17/25 | $9.95 | $9.9 | $9.95 | $168.00 | $99.5K | 2.9K | 120 |
| AVGO | PUT | TRADE | BULLISH | 01/16/26 | $5.7 | $5.5 | $5.55 | $115.00 | $83.2K | 1.8K | 150 |
| AVGO | CALL | SWEEP | BEARISH | 12/06/24 | $8.15 | $7.95 | $7.96 | $160.00 | $79.5K | 1.3K | 238 |
| AVGO | PUT | TRADE | BEARISH | 04/17/25 | $26.05 | $25.8 | $26.05 | $185.00 | $67.7K | 378 | 26 |
| AVGO | CALL | SWEEP | NEUTRAL | 12/27/24 | $9.35 | $9.3 | $9.3 | $165.00 | $60.4K | 1.0K | 85 |
About Broadcom
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
Having examined the options trading patterns of Broadcom, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Broadcom
- Trading volume stands at 1,911,348, with AVGO's price up by 0.42%, positioned at $167.22.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 9 days.
What Analysts Are Saying About Broadcom
1 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Broadcom options trades with real-time alerts from Benzinga Pro.
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