Broadcom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Broadcom (NASDAQ:AVGO), with 48 uncommon options trades spotted. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $690 to $1000 for Broadcom over the last 3 months.
June 02, 2023 | 2:16 pm
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Broadcom (NASDAQ:AVGO) has seen unusual options activity, with 48 uncommon trades and a sentiment split between 43% bullish and 56% bearish. Whales target a price range of $690 to $1000.
The unusual options activity in Broadcom (NASDAQ:AVGO) indicates that big-money traders are divided in their sentiment, with a slight bearish tilt. This could lead to increased volatility in the short term, but the overall impact on the stock price is uncertain due to the mixed sentiment. The targeted price range of $690 to $1000 suggests that there is potential for both upside and downside movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100