Financial giants have made a conspicuous bearish move on Broadcom. Our analysis of options history for Broadcom (NASDAQ:AVGO) revealed 106 unusual trades.

Delving into the details, we found 34% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $869,924, and 87 were calls, valued at $7,758,753.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $62.0 to $370.0 for Broadcom during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Broadcom options trades today is 2808.76 with a total volume of 57,117.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Broadcom's big money trades within a strike price range of $62.0 to $370.0 over the last 30 days.

Broadcom Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Broadcom

Present Market Standing of Broadcom

• With a volume of 15,987,167, the price of AVGO is up 0.63% at $233.45.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 62 days.

Professional Analyst Ratings for Broadcom

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $241.0.

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