Smart Money Is Betting Big In AVGO Options
Portfolio Pulse from Benzinga Insights
Financial giants are making bullish moves on Broadcom (NASDAQ:AVGO) with significant options trades. 46% of traders are bullish, with calls valued at $8.86 million. The stock is up 3.17% at $180.62, but RSI indicators suggest it may be overbought.
October 08, 2024 | 8:31 pm
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Broadcom (AVGO) sees significant bullish options activity, with 166 call trades valued at $8.86 million. The stock price is up 3.17% to $180.62, but RSI indicators suggest it may be overbought.
The article highlights a significant bullish sentiment in Broadcom's options market, with a majority of trades being calls. This suggests investor confidence in the stock's short-term performance. The stock's recent price increase and overbought RSI indicate potential for continued upward movement, albeit with caution due to overbought conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100