Broadcom Unusual Options Activity For August 07
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Broadcom (NASDAQ:AVGO) has been observed through unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $610.0 to $1000.0 for Broadcom over the last 3 months. The price of AVGO is up 0.82% at $888.9, with RSI indicators suggesting the stock may be approaching overbought.
August 07, 2023 | 2:01 pm
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Broadcom has seen unusual options activity with a significant bullish stance. The price target range is from $610.0 to $1000.0.
The unusual options activity indicates that big-money traders are taking a bullish stance on Broadcom. This could potentially drive the stock price up in the short term. The price target range from $610.0 to $1000.0 also suggests a positive outlook for the stock.
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IMPORTANCE 80
RELEVANCE 100