Broadcom Unusual Options Activity For December 01

Broadcom Unusual Options Activity For December 01

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

Looking at options history for Broadcom AVGO we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $339,630 and 8, calls, for a total amount of $500,362.

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 $525.0 to $580.0 for Broadcom over the last 3 months.

Volume & Open Interest Development

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 $525.0 to $580.0 in 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 SWEEP BEARISH 12/02/22 $550.00 $200.0K 57 1.0K
AVGO CALL SWEEP BULLISH 12/16/22 $560.00 $138.8K 718 250
AVGO CALL SWEEP BULLISH 12/16/22 $560.00 $114.4K 718 113
AVGO CALL SWEEP BULLISH 12/02/22 $545.00 $60.8K 656 232
AVGO CALL SWEEP BEARISH 12/02/22 $545.00 $57.5K 656 127

Where Is Broadcom Standing Right Now?

  • With a volume of 121,453, the price of AVGO is down -0.07% at $550.65.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 7 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