Investors with a lot of money to spend have taken a bullish stance on Broadcom AVGO.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AVGO, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Broadcom.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 16%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $56,000, and 11, calls, for a total amount of $563,089.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $182.0 and $220.0 for Broadcom, spanning the last three months.
Volume & Open Interest Trends
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 $182.0 to $220.0 in the last 30 days.
Broadcom Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | CALL | TRADE | NEUTRAL | 10/17/25 | $16.65 | $16.45 | $16.55 | $220.00 | $148.9K | 905 | 101 |
| AVGO | CALL | SWEEP | NEUTRAL | 01/16/26 | $35.65 | $35.0 | $35.26 | $190.00 | $105.8K | 1.8K | 30 |
| AVGO | PUT | TRADE | BULLISH | 04/17/25 | $5.8 | $5.6 | $5.6 | $190.00 | $56.0K | 9.4K | 10 |
| AVGO | CALL | TRADE | BULLISH | 05/16/25 | $13.2 | $13.1 | $13.2 | $195.00 | $46.2K | 2.1K | 67 |
| AVGO | CALL | TRADE | BULLISH | 01/15/27 | $51.0 | $49.85 | $50.7 | $190.00 | $45.6K | 487 | 15 |
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.
After a thorough review of the options trading surrounding Broadcom, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Broadcom
- With a trading volume of 3,946,068, the price of AVGO is up by 2.0%, reaching $195.5.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 79 days from now.
Expert Opinions on Broadcom
5 market experts have recently issued ratings for this stock, with a consensus target price of $268.0.
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. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $300. * An analyst from Keybanc has decided to maintain their Overweight rating on Broadcom, which currently sits at a price target of $275. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Broadcom, targeting a price of $260. * An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $255. * An analyst from Rosenblatt has decided to maintain their Buy rating on Broadcom, which currently sits at a price target of $250.
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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