What the Options Market Tells Us About Broadcom
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish stance towards Broadcom (NASDAQ:AVGO) with significant options activity. Benzinga's options scanner highlighted 27 extraordinary options activities, with a mix of bullish and bearish sentiments. The price range targeted by these investors is between $760.0 and $2100.0. Broadcom's current trading volume is 446,338, with a price of $1335.32, down by -2.11%. An earnings announcement is expected in 12 days.
May 31, 2024 | 2:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Broadcom (NASDAQ:AVGO) has seen significant options activity, indicating a bullish sentiment among deep-pocketed investors. The stock is currently trading at $1335.32, down by -2.11%. An earnings announcement is expected in 12 days.
The significant options activity, particularly the bullish sentiment from deep-pocketed investors, suggests a positive outlook for Broadcom in the short term. The upcoming earnings announcement could further influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100