Market Whales and Their Recent Bets on AVGO Options

Whales with a lot of money to spend have taken a noticeably bullish stance on Broadcom.

Looking at options history for Broadcom AVGO we detected 19 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 31% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $161,788 and 14, calls, for a total amount of $3,676,891.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $185.0 to $370.0 for Broadcom during the past quarter.

Volume & Open Interest Development

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 $185.0 to $370.0 in the last 30 days.

Broadcom Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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

• Currently trading with a volume of 1,539,493, the AVGO's price is down by -0.81%, now at $228.66.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 13 days.

What The Experts Say On Broadcom

1 market experts have recently issued ratings for this stock, with a consensus target price of $230.0.

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If you want to stay updated on the latest options trades for Broadcom, Benzinga Pro gives you real-time options trades alerts.