Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Broadcom (NASDAQ:AVGO) indicates a bullish stance from big-money investors, with 47 uncommon options trades detected. The sentiment is split with 44% bullish and 31% bearish. The price range focus is between $720.0 and $1600.0. Broadcom's stock is currently down -0.73% at $1401.79, with an average analyst target price of $1550.0.
May 17, 2024 | 3:16 pm
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Broadcom has seen significant unusual options activity, with a majority of trades being bullish. This suggests potential positive price movement in the short term.
The detection of 47 uncommon options trades, with 37 calls and 10 puts, indicates a bullish sentiment among big-money investors. This activity often precedes significant price movements, suggesting a potential short-term increase in Broadcom's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100