A significant number of large investors have taken a bearish stance on Broadcom (AVGO), as highlighted by Benzinga’s Options Scanner. The exact identities of these investors remain unknown, but their actions suggest that a major event is on the horizon. Recent options activity for Broadcom has been particularly high, with a total of 27 notable trades observed.
Among these trades, a majority of investors are leaning towards a bearish outlook, with only 29% expressing bullish sentiment. The options activity includes both call and put options, with calls totaling $1,564,697 and puts amounting to $475,421. The expected price range for Broadcom is between $1600.0 and $2000.0 based on recent trading activity.
In terms of volume and open interest, tracking the liquidity and interest in Broadcom options at various strike prices can provide valuable insights for investors. The analysis of call and put volume and open interest for Broadcom whale activity within the $1600.0 to $2000.0 strike price range over the last 30 days reveals intriguing patterns.
Broadcom, a leading semiconductor company with significant revenue from various software businesses, has caught the attention of investors due to its recent options trading patterns. As investors closely monitor the company’s performance in the market, professional analysts have offered varied ratings and price targets for Broadcom stock.
Despite the bearish sentiment expressed by some investors through options trading, analysts continue to hold positive outlooks on Broadcom. With an expected announcement of results in 70 days, the stock’s current trading volume and price indicate some volatility. Analysts from TD Cowen, Rosenblatt, Citigroup, Bernstein, and others have offered differing ratings and price targets for Broadcom stock.
For traders looking to navigate the risks and potential rewards associated with options trading, staying informed on the latest Broadcom options trades is essential. By leveraging real-time alerts and monitoring market movements, investors can better position themselves to capitalize on opportunities while managing risks effectively.
Article Source
https://www.benzinga.com/insights/options/24/06/39412930/unpacking-the-latest-options-trading-trends-in-broadcom
