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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 98 uncommon options trades for Broadcom.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 42%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,725,870, and 82 are calls, for a total amount of $5,758,966.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $300.0 for Broadcom over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Broadcom's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Broadcom's substantial trades, within a strike price spectrum from $75.0 to $300.0 over the preceding 30 days.
Broadcom Option Volume And Open Interest Over 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 | PUT | SWEEP | BULLISH | 10/17/25 | $5.05 | $4.85 | $4.85 | $150.00 | $970.6K | 505 | 2.0K |
| AVGO | CALL | SWEEP | BEARISH | 01/03/25 | $7.0 | $6.7 | $6.7 | $230.00 | $469.0K | 2.3K | 3.3K |
| AVGO | CALL | TRADE | NEUTRAL | 12/18/26 | $161.1 | $156.75 | $159.0 | $75.00 | $318.0K | 22 | 20 |
| AVGO | CALL | SWEEP | BEARISH | 01/17/25 | $41.6 | $41.3 | $41.3 | $188.00 | $235.4K | 3.4K | 57 |
| AVGO | CALL | TRADE | BEARISH | 04/17/25 | $59.3 | $59.0 | $59.0 | $175.00 | $147.5K | 976 | 56 |
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.
Having examined the options trading patterns of Broadcom, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Broadcom's Current Market Status
- Trading volume stands at 15,318,036, with AVGO's price up by 4.5%, positioned at $230.12.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 73 days.
What The Experts Say On Broadcom
5 market experts have recently issued ratings for this stock, with a consensus target price of $238.6.
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. * An analyst from Barclays persists with their Overweight rating on Broadcom, maintaining a target price of $205. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Broadcom, targeting a price of $233. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Broadcom, which currently sits at a price target of $265. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Broadcom with a target price of $250. * Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Broadcom with a target price of $240.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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