27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Broadcom.
Looking at options history for Broadcom (NASDAQ:AVGO) we detected 23 strange trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $776,842 and 12, calls, for a total amount of $490,563.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $1000.0 for Broadcom over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Broadcom options trades today is 546.39 with a total volume of 942.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Broadcom's big money trades within a strike price range of $470.0 to $1000.0 over the last 30 days.
Broadcom 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AVGO | PUT | TRADE | BULLISH | 06/20/25 | $880.00 | $245.0K | 4 | 0 |
| AVGO | CALL | TRADE | BEARISH | 01/19/24 | $860.00 | $142.0K | 668 | 0 |
| AVGO | PUT | SWEEP | BULLISH | 12/15/23 | $750.00 | $128.0K | 2.0K | 0 |
| AVGO | PUT | SWEEP | BULLISH | 12/15/23 | $900.00 | $108.2K | 567 | 27 |
| AVGO | PUT | TRADE | BULLISH | 04/19/24 | $790.00 | $55.3K | 65 | 0 |
Broadcom's Current Market Status
- With a volume of 177,150, the price of AVGO is down -0.03% at $880.55.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 30 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Broadcom options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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