Here’s Where Traders Expect Broadcom Stock to Go After Earnings

Semiconductor giant Broadcom is scheduled to report fiscal second-quarter results after the closing bell on Thursday, and traders are expecting a modest post-earnings stock move. 

Options pricing suggests investors expect Broadcom (AVGO) stock to move about 6.5% in either direction the day after its earnings report. A move of that magnitude would either lift shares to a record high around $273 or sink them to $240, about where they were a week ago. 

Broadcom shares were rising…