Decoding Broadcom's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on Broadcom. Our analysis of options history for Broadcom 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

Options Call Chart

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 TRADE BEARISH 03/21/25 $85.75 $84.55 $85.0 $150.00 $1.7M 17.3K 200
AVGO CALL TRADE BULLISH 04/17/25 $82.5 $82.15 $82.5 $155.00 $412.5K 333 50
AVGO CALL TRADE BULLISH 01/17/25 $105.25 $105.25 $105.25 $128.00 $315.7K 3.7K 50
AVGO CALL TRADE BEARISH 01/16/26 $9.0 $8.65 $8.75 $370.00 $175.0K 1.6K 277
AVGO CALL SWEEP BULLISH 03/21/25 $17.15 $17.05 $17.15 $240.00 $173.2K 5.7K 1.1K

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.

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.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Broadcom with a target price of $265. * Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Broadcom with a target price of $225. * An analyst from B of A Securities persists with their Buy rating on Broadcom, maintaining a target price of $250. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Broadcom, targeting a price of $210. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $255.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Broadcom with Benzinga Pro for real-time alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!