Smart Money Is Betting Big In AVGO Options - Broadcom (NASDAQ:AVGO)

Core Insights - Investors are taking a bearish stance on Broadcom (NASDAQ:AVGO), with significant options activity indicating that large players may have insider knowledge of upcoming events [1][2] - The overall sentiment among big-money traders is predominantly bearish, with 59% of trades being bearish and only 27% bullish [2] - The predicted price range for Broadcom's stock is between $120.0 and $450.0, based on the analysis of volume and open interest in options contracts [3] Options Activity - A total of 22 uncommon options trades were identified for Broadcom, with 8 puts totaling $591,025 and 14 calls totaling $921,784 [2] - The mean open interest for Broadcom options trades is 4,082.71, with a total volume of 2,337.00 [4] Company Overview - Broadcom is the sixth-largest semiconductor company globally, generating over $30 billion in annual revenue and offering 17 core semiconductor product lines across various markets [11] - The company has expanded into software, providing virtualization, infrastructure, and security solutions to large enterprises and governments [11] Market Analysis - Recent analyst ratings for Broadcom show an average target price of $406.25, with various analysts maintaining ratings between $375 and $420 [12][13] - The current stock price of AVGO is $334.5, reflecting a slight decrease of 0.3% [15]