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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100