High-profile investors have shown bullish interest in Broadcom (AVGO), a semiconductor company with over $30 billion in annual revenue. Benzinga’s monitoring of options data revealed significant activity in AVGO options today, with 20 trades detected. Among these trades, sentiment was split with 45% bullish and 30% bearish, indicating varying opinions on the stock’s future direction.
Major investors seem to be targeting a price range of $800.0 to $1850.0 for Broadcom based on recent trading activity. Analyzing volume and open interest in options can provide insight into market sentiment and potential price movements. Looking at the past 30 days, there has been notable call and put options activity within the $800.0 to $1850.0 strike price range.
Broadcom, known for its semiconductor products and software businesses, has become a dominant player in the industry through mergers and acquisitions. Despite recent options activity, trading volume on AVGO is down 0.4% to $1,722.37, with RSI indicators suggesting the stock may be overbought. Earnings announcement is expected in 55 days.
Professional analysts have varying opinions on Broadcom, with price targets ranging from $1,500 to $2,150. Piper Sandler, Rosenblatt, and Evercore ISI Group analysts maintain positive ratings on the stock, while B of A Securities downgraded it to Buy. Options trading carries higher risks but offers greater profit potential, requiring traders to stay informed and manage risks effectively.
For real-time updates on Broadcom options trading, Benzinga Pro offers alerts to help traders stay informed about market activity and potential opportunities.
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https://quantisnow.com/insight/what-the-options-market-tells-us-about-broadcom-5595075