Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Broadcom (NASDAQ:AVGO), with a large bullish position appearing on publicly available options history. Benzinga's options scanner spotted 11 options trades for Broadcom, which is not normal. The sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $580.0 to $910.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.13% at $832.99.
August 16, 2023 | 8:31 pm
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Broadcom has seen unusual options activity, with a large bullish position appearing. The sentiment of big-money traders is split between 54% bullish and 45% bearish. The price of AVGO is currently down -1.13% at $832.99.
The unusual options activity indicates that there is significant interest in Broadcom's stock, which could lead to increased volatility. The sentiment of big-money traders is almost evenly split between bullish and bearish, indicating uncertainty about the stock's future direction. The current price of AVGO is down, which could be a negative sign, but the large bullish position suggests that some traders are expecting the price to increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100