Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity indicates a bearish stance on Broadcom (NASDAQ:AVGO), with 59% of investors having bearish expectations. Whales have been targeting a price range of $550 to $780 for Broadcom over the last 3 months.
May 18, 2023 | 3:46 pm
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Broadcom's recent unusual options activity shows a bearish stance, with 59% of investors having bearish expectations and a targeted price range of $550 to $780.
The article highlights unusual options activity in Broadcom, with a majority of investors (59%) having bearish expectations. This suggests that there is a higher probability of the stock price going down in the short term. Additionally, the targeted price range of $550 to $780 indicates potential volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100