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 543 trades.
If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 107 are puts, for a total amount of $7,495,927 and 436, calls, for a total amount of $46,586,636.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $66.0 and $330.0 for Broadcom, spanning the last three months.
Volume & Open Interest Development
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 $66.0 to $330.0 in the last 30 days.
Broadcom Option Activity Analysis: Last 30 Days
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 | 06/20/25 | $91.7 | $91.4 | $91.7 | $165.00 | $458.5K | 360 | 106 |
| AVGO | CALL | SWEEP | BEARISH | 02/21/25 | $67.75 | $67.7 | $67.7 | $185.00 | $345.2K | 3.9K | 1.5K |
| AVGO | CALL | SWEEP | BEARISH | 02/21/25 | $67.6 | $67.05 | $67.05 | $185.00 | $274.9K | 3.9K | 1.7K |
| AVGO | CALL | SWEEP | BEARISH | 02/21/25 | $67.75 | $67.7 | $67.7 | $185.00 | $270.7K | 3.9K | 1.6K |
| AVGO | CALL | SWEEP | BEARISH | 02/21/25 | $67.7 | $67.55 | $67.7 | $185.00 | $142.1K | 3.9K | 1.6K |
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.
Following our analysis of the options activities associated with Broadcom, we pivot to a closer look at the company's own performance.
Present Market Standing of Broadcom
- Trading volume stands at 79,043,426, with AVGO's price up by 10.45%, positioned at $248.29.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 80 days.
Expert Opinions on Broadcom
In the last month, 5 experts released ratings on this stock with an average target price of $238.0.
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. * Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Broadcom, targeting a price of $240. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Broadcom, targeting a price of $250. * An analyst from Jefferies has decided to maintain their Buy rating on Broadcom, which currently sits at a price target of $225. * An analyst from Citigroup persists with their Buy rating on Broadcom, maintaining a target price of $220. * In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $255.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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