Mixed options sentiment in Broadcom with shares down 1.06%

Mixed options sentiment in Broadcom (AVGO), with shares down $3.26 near $303.08. Options volume roughly in line with average with 101k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.74. Implied volatility (IV30) dropped 0.06 near 47.66,and above the 52wk median, suggesting an expected daily move of $9.10. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Broadcom (AVGO) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.