This Is What Whales Are Betting On Broadcom
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 85% of the spotted trades being bearish. The trades include 6 puts amounting to $262,223 and 22 calls amounting to $981,808. The whales have been targeting a price range from $470.0 to $1000.0 for Broadcom over the last 3 months. Currently, the price of AVGO is down -0.6% at $877.41.
November 06, 2023 | 4:30 pm
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Broadcom (NASDAQ:AVGO) has seen a bearish stance from a whale investor, with 85% of the spotted trades being bearish. The price of AVGO is currently down -0.6% at $877.41.
The bearish stance from a whale investor, who has a significant influence on the market, could potentially drive the price of Broadcom down in the short term. The current price drop of -0.6% could be an early indication of this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100