Looking At Broadcom's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity in Broadcom (NASDAQ:AVGO), with a significant number of calls and puts indicating a divided sentiment. The options activity suggests a price window of $1100 to $1600 for AVGO. Analysts have a consensus target price of $1550, with Jefferies recently lowering its rating to Buy.
May 28, 2024 | 1:46 pm
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Broadcom has seen unusual options activity with significant calls and puts, indicating a divided sentiment among investors. Analysts have a consensus target price of $1550, with Jefferies lowering its rating to Buy.
The unusual options activity suggests that investors are expecting significant price movement in Broadcom. The divided sentiment among investors, with both bullish and bearish positions, indicates uncertainty but also potential for volatility. The analyst consensus target price of $1550 and Jefferies' rating adjustment to Buy provide additional context for potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100