Financial giants are bullish on Broadcom, with analysis revealing 34 unusual options operations. Traders show a mix of optimism and bearish trends. Notable trades include 13 put options totaling $1,378,000 and 21 call options totaling $1,771,695. Market drivers are targeting a price range of $760.0 to $2,100.0 for Broadcom.
Volume and open interest trends are crucial in evaluating stock options. The data reveals significant activity for Broadcom within a strike price range of $760.0 to $2,100.0, focusing on both call and put options.
Broadcom, a major semiconductor company, has seen growth in software businesses and generates over $30 billion in annual revenue. It operates in various markets, including wireless, networking, broadband, storage, and industrial sectors.
In terms of trading patterns, Broadcom’s stock is currently trading at $1,613.4 with a volume of 169,976. The stock has risen by 0.49%, with RSI readings indicating a neutral position. Analysts have set an average price target of $1,865.0 for the stock, with various firms maintaining ratings ranging from Buy to Overweight.
Trading options carries risks but also offers profit potential. Skilled traders mitigate risks through education, strategic adjustments, and market awareness. Stay informed on Broadcom options trades with real-time alerts from Benzinga Pro.
Article Source
https://www.benzinga.com/insights/options/24/07/39575714/broadcom-unusual-options-activity
