Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 61% of recent trades being bearish and 38% bullish. The total amount for puts is $148,010 and for calls is $638,798. Whales have been targeting a price range from $720.0 to $1070.0 for Broadcom over the last 3 months. The current price of AVGO is up 0.47% at $901.0.

July 24, 2023 | 1:46 pm
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Broadcom has seen a significant amount of bearish trading activity recently. The current price of AVGO is up 0.47% at $901.0, with whales targeting a price range from $720.0 to $1070.0.
The bearish stance taken by a significant investor, along with the high percentage of bearish trades, suggests a potential downward pressure on Broadcom's stock price in the short term. However, the current price is up, indicating some level of market resistance to this bearish sentiment.
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