Deep-pocketed investors have adopted a bullish 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 177 extraordinary options activities for Broadcom. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 38% bearish. Among these notable options, 62 are puts, totaling $4,360,239, and 115 are calls, amounting to $10,643,133.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $330.0 for Broadcom over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $30.0 to $330.0 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 | $68.6 | $68.0 | $68.59 | $170.00 | $2.0M | 7.8K | 3 |
| AVGO | PUT | TRADE | BEARISH | 01/15/27 | $63.1 | $63.05 | $63.1 | $270.00 | $473.2K | 39 | 400 |
| AVGO | PUT | TRADE | BEARISH | 01/15/27 | $63.5 | $63.25 | $63.5 | $270.00 | $412.7K | 39 | 66 |
| AVGO | CALL | TRADE | BULLISH | 02/21/25 | $59.05 | $58.85 | $59.05 | $180.00 | $124.0K | 2.1K | 40 |
| AVGO | CALL | TRADE | BULLISH | 12/19/25 | $56.45 | $55.1 | $56.07 | $210.00 | $95.3K | 1.7K | 133 |
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.
In light of the recent options history for Broadcom, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Broadcom
- With a trading volume of 17,266,937, the price of AVGO is down by -2.01%, reaching $236.88.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 66 days from now.
Expert Opinions on Broadcom
In the last month, 5 experts released ratings on this stock with an average target price of $222.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Broadcom with a target price of $205. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Broadcom, targeting a price of $220. * Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Broadcom with a target price of $210. * An analyst from Truist Securities persists with their Buy rating on Broadcom, maintaining a target price of $245. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Broadcom, which currently sits at a price target of $233.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Broadcom, Benzinga Pro gives you real-time options trades alerts.
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