Financial giants have made a conspicuous bullish move on Broadcom. Our analysis of options history for Broadcom (NASDAQ:AVGO) revealed 80 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $999,379, and 64 were calls, valued at $5,204,328.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $250.0 for Broadcom during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Broadcom's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Broadcom's whale trades within a strike price range from $100.0 to $250.0 in the last 30 days.

Broadcom Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Broadcom

Broadcom's Current Market Status

• Trading volume stands at 13,199,253, with AVGO's price up by 0.27%, positioned at $176.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 70 days.

What The Experts Say On Broadcom

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $208.0.

Unusual Options Activity Detected: Smart Money on the Move

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Broadcom, Benzinga Pro gives you real-time options trades alerts.