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What the Options Market Tells Us About Broadcom - Broadcom (NASDAQ:AVGO)
Benzinga· 2025-10-02 14:02
Group 1 - Investors are showing a bullish stance on Broadcom (NASDAQ:AVGO), with significant options activity indicating potential upcoming developments [1][2] - The sentiment among large traders is mixed, with 55% bullish and 44% bearish, highlighting a notable interest in call options [2] - Over the last three months, large investors have targeted a price range for Broadcom between $230.0 and $400.0 [3] Group 2 - An analysis of volume and open interest reveals key insights into liquidity and interest levels for Broadcom's options, particularly within the $230.0 to $400.0 strike price range [4] - Significant options trades detected include multiple bullish call options and one bearish put option, indicating varied market expectations [9][10] - Broadcom is the sixth-largest semiconductor company globally, generating over $30 billion in annual revenue and offering a diverse range of semiconductor and software products [11] Group 3 - Analysts have issued ratings for Broadcom, with a consensus target price of $379.4, and several analysts maintaining bullish ratings with target prices as high as $400 [13][14] - Current trading volume for Broadcom stands at 3,699,680, with the stock price at $337.6, reflecting a 1.26% increase [16]