Whales with a lot of money to spend have taken a noticeably bearish stance on Broadcom.
Looking at options history for Broadcom AVGO we detected 105 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 36 are puts, for a total amount of $2,746,340 and 69, calls, for a total amount of $6,454,046.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $730.0 to $2000.0 for Broadcom over the recent three months.
Insights into Volume & Open Interest
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 $730.0 to $2000.0 in the last 30 days.
Broadcom Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | PUT | TRADE | BEARISH | 12/20/24 | $156.7 | $153.1 | $156.7 | $1360.00 | $391.7K | 497 | 58 |
| AVGO | PUT | TRADE | BULLISH | 01/17/25 | $163.3 | $159.2 | $160.3 | $1360.00 | $224.4K | 695 | 59 |
| AVGO | CALL | SWEEP | BEARISH | 01/17/25 | $190.5 | $183.8 | $184.54 | $1300.00 | $203.0K | 988 | 58 |
| AVGO | CALL | SWEEP | BULLISH | 05/17/24 | $66.9 | $65.5 | $66.9 | $1320.00 | $167.2K | 353 | 44 |
| AVGO | PUT | TRADE | BEARISH | 01/17/25 | $160.3 | $158.1 | $160.3 | $1360.00 | $128.2K | 695 | 83 |
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 2,462,497, the price of AVGO is down by -0.85%, reaching $1338.76.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 58 days from now.
Expert Opinions on Broadcom
In the last month, 5 experts released ratings on this stock with an average target price of $1524.2.
- An analyst from Bernstein has decided to maintain their Outperform rating on Broadcom, which currently sits at a price target of $1600.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on Broadcom, which currently sits at a price target of $1550.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $1566.
- Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $1405.
- An analyst from TD Cowen has elevated its stance to Outperform, setting a new price target at $1500.
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.
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