Broadcom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 57% of detected unusual options trades being bearish. Whales have been targeting a price range of $610 to $1280 for Broadcom over the last 3 months. The stock is currently up 1.06% at $830.84.

June 26, 2023 | 3:02 pm
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NEGATIVE IMPACT
Broadcom (NASDAQ:AVGO) sees unusual options activity with a bearish stance from a whale. The stock is currently up 1.06% at $830.84.
The bearish stance taken by a whale in Broadcom's options indicates a potential negative impact on the stock price in the short term. With 57% of the unusual options trades being bearish, this suggests that there is a significant amount of pessimism surrounding the stock. Additionally, the stock is currently up 1.06% at $830.84, which may attract more bearish investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100