What Are Whales Doing With Broadcom

A whale with a lot of money to spend has taken a noticeably bearish stance on Broadcom.

Looking at options history for Broadcom AVGO we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 19 are puts, for a total amount of $1,848,533 and 4, calls, for a total amount of $166,751.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $470.0 to $540.0 for Broadcom over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Broadcom options trades today is 414.67 with a total volume of 1,953.00.

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 $540.0 over the last 30 days.

Broadcom Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AVGO PUT TRADE BEARISH 01/20/23 $470.00 $537.9K 294 158
AVGO PUT SWEEP BULLISH 06/16/23 $540.00 $166.0K 253 39
AVGO PUT SWEEP BULLISH 10/21/22 $500.00 $141.0K 721 160
AVGO PUT SWEEP BEARISH 06/16/23 $540.00 $90.9K 253 51
AVGO PUT SWEEP BULLISH 06/16/23 $540.00 $82.9K 253 99

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AVGO PUT TRADE BEARISH 01/20/23 $470.00 $537.9K 294 158
AVGO PUT SWEEP BULLISH 06/16/23 $540.00 $166.0K 253 39
AVGO PUT SWEEP BULLISH 10/21/22 $500.00 $141.0K 721 160
AVGO PUT SWEEP BEARISH 06/16/23 $540.00 $90.9K 253 51
AVGO PUT SWEEP BULLISH 06/16/23 $540.00 $82.9K 253 99

Where Is Broadcom Standing Right Now?

  • With a volume of 447,923, the price of AVGO is up 0.2% at $510.12.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 66 days.

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.

Posted In: BZI-UOAOptionsMarkets

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