Broadcom's Options: A Look at What the Big Money is Thinking - Broadcom (NASDAQ:AVGO)

Core Insights - Financial giants are showing a bullish sentiment towards Broadcom, with 52% of traders being bullish and 33% bearish in recent options trading [1] - Significant investors are targeting a price range for Broadcom between $100.0 and $600.0 over the past three months [2] Options Trading Activity - A total of 128 unusual trades were identified, with 57 puts valued at $5,916,084 and 71 calls valued at $5,243,546 [1] - The volume and open interest trends for Broadcom's options indicate strong liquidity and interest within the strike price range of $100.0 to $600.0 over the last 30 days [3][4] Noteworthy Options Activity - Various trades have been recorded, including bearish and bullish sentiments, with significant trades such as a bearish put trade at a strike price of $350.00 valued at $597.6K [7] - Other notable trades include bullish sweeps at lower strike prices, indicating mixed sentiment among traders [7] Company Overview - Broadcom is a leading semiconductor company that has expanded into infrastructure software, serving sectors like computing and wireless connectivity [8] - The company is recognized for its custom AI chips and has a diverse portfolio resulting from the consolidation of several former companies [8] Market Position and Analyst Insights - The average target price for Broadcom set by four industry analysts is $447.5, with individual targets ranging from $370 to $510 [9][12] - The current stock price of AVGO is $345.1, reflecting a 0.61% increase, with upcoming earnings expected in 48 days [10]