Broadcom Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has seen significant options trading activity, with a bullish sentiment from major investors. 54% of the trades were calls, totaling $2,602,099, while 27% were puts, totaling $1,736,004. The stock is currently neutral with an RSI indicator and is priced at $1321.89. Analysts have mixed ratings with price targets ranging from $1550 to $1850.
June 04, 2024 | 7:46 pm
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Broadcom has experienced significant bullish options trading activity, with 54% of trades being calls. The stock is currently neutral with an RSI indicator and is priced at $1321.89. Analysts have mixed ratings with price targets ranging from $1550 to $1850.
The significant bullish sentiment in options trading, combined with mixed but generally high analyst price targets, suggests a positive short-term outlook for Broadcom. The stock's current neutral RSI indicates it is not overbought or oversold, providing a stable base for potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100