Broadcom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Broadcom (NASDAQ:AVGO), with 15 options trades spotted, split between 46% bullish and 53% bearish sentiment. Whales have been targeting a price range of $530 to $740 for Broadcom over the last 3 months.
May 19, 2023 | 2:05 pm
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Broadcom experiences unusual options activity with 15 trades, split between 46% bullish and 53% bearish sentiment. Whales target a price range of $530 to $740.
The unusual options activity in Broadcom indicates that there is a split sentiment among big-money traders, with 46% bullish and 53% bearish. This suggests that the short-term impact on the stock price is uncertain, as there is no clear consensus on the direction. However, the fact that whales are targeting a price range of $530 to $740 indicates that there is significant interest in the stock, which could lead to increased volatility in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100