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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100