What the Options Market Tells Us About Broadcom
Portfolio Pulse from Benzinga Insights
The options market indicates a bearish sentiment towards Broadcom (NASDAQ:AVGO), with significant options trades showing 48% bearish and 31% bullish sentiment. The stock is currently down 3.02% at $161.33, and RSI indicators suggest it may be overbought. Broadcom's next earnings report is expected in 10 days.
August 26, 2024 | 3:30 pm
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Broadcom (NASDAQ:AVGO) is experiencing a bearish sentiment in the options market, with 48% of trades being bearish. The stock is down 3.02% and may be overbought according to RSI indicators. Earnings are expected in 10 days.
The options market shows a significant bearish sentiment towards Broadcom, with 48% of trades being bearish. This is likely to impact the stock negatively in the short term. The stock is already down 3.02%, and RSI indicators suggest it may be overbought, which could lead to further declines. The upcoming earnings report in 10 days adds to the uncertainty.
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IMPORTANCE 80
RELEVANCE 100