Deep-pocketed investors have adopted a bearish approach towards Broadcom AVGO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AVGO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Broadcom. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 9% leaning bullish and 72% bearish. Among these notable options, 2 are puts, totaling $223,905, and 9 are calls, amounting to $693,429.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $76.0 to $180.0 for Broadcom during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Broadcom's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Broadcom's significant trades, within a strike price range of $76.0 to $180.0, over the past month.
Broadcom Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | CALL | SWEEP | BULLISH | 02/21/25 | $14.35 | $14.15 | $14.4 | $175.00 | $358.4K | 860 | 262 |
| AVGO | PUT | SWEEP | BEARISH | 12/20/24 | $4.6 | $4.55 | $4.6 | $170.00 | $195.4K | 5.5K | 478 |
| AVGO | CALL | TRADE | BEARISH | 01/16/26 | $33.25 | $33.15 | $33.15 | $175.00 | $66.3K | 273 | 20 |
| AVGO | CALL | TRADE | NEUTRAL | 12/13/24 | $18.1 | $17.3 | $17.7 | $160.00 | $53.1K | 1.0K | 159 |
| AVGO | CALL | TRADE | BEARISH | 01/24/25 | $10.3 | $10.0 | $10.0 | $180.00 | $50.0K | 250 | 0 |
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.
Where Is Broadcom Standing Right Now?
- With a trading volume of 473,457, the price of AVGO is down by -0.79%, reaching $177.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 2 days from now.
Unusual Options Activity Detected: Smart Money on the Move
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