Investors with substantial capital have shown optimism towards Broadcom (NASDAQ: AVGO), as indicated by a recent surge in unusual options trades detected by Benzinga. The sentiment among these traders is split between bullish and bearish positions, with a focus on a price band between $1,170.0 and $1,960.0 for Broadcom over the last three months.
Volume and open interest analysis reveal key insights into the liquidity and interest levels of Broadcom options within a strike price range of $1,170.0 to $1,960.0. The largest option trades observed include put and call sweeps, with varying sentiments and expirations dates, indicating a mix of neutral, bullish, and bearish positions.
Broadcom is a leading semiconductor company with a global presence and annual revenue exceeding $30 billion. It offers a wide range of semiconductor products in various markets, as well as software solutions to large organizations. The company has undergone significant consolidation with the merger of multiple businesses in both the semiconductor and software sectors.
The current trading volume for AVGO is 87,827, with the stock price rising to $1,592.64. The RSI values suggest potential overbought conditions, with the next earnings report expected in 63 days.
Analysts have provided diverse opinions on Broadcom, with an average price target of $1,809.0. Recommendations range from Buy ratings with price targets ranging from $1,650 to $2,045, indicating varying outlooks on the stock’s future performance.
Options trading entails risks and rewards, requiring traders to stay informed, adapt strategies, and monitor market indicators closely. Benzinga Pro offers real-time alerts on the latest Broadcom options trades to help traders navigate the market effectively.
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https://quantisnow.com/insight/check-out-what-whales-are-doing-with-avgo-5580592