Option traders moderately bearish in Broadcom with shares down 4.27%

Group 1 - Option traders are moderately bearish on Broadcom (AVGO), with shares down $15.36, currently priced at approximately $344.57 [1] - Options volume has more than doubled the daily average, with 230,000 contracts traded, and calls leading puts, resulting in a put/call ratio of 0.63, compared to a typical level near 0.7 [1] - Implied volatility (IV30) has increased by 1.4 points, reaching around 43.53, which is below the 52-week median, indicating an expected daily price movement of $9.45 [1] - The put-call skew has steepened, suggesting an increased demand for downside protection among traders [1]