Mixed options sentiment in Broadcom (AVGO), with shares down $9.49 near $403.48. Options volume running well above average with 279k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 0.4 points near 49.93,and above the 52wk median, suggesting an expected daily move of $12.69. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 8.01% or $32.33.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVGO:
- ChowChow Cloud Stock Craters 70% from Sept IPO in Mysterious Sell-Off
- Broadcom options imply 6.2% move in share price post-earnings
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- CRWV, NBIS, IREN — Oracle’s Q2 Earnings Selloff Hit Neocloud Stocks
- Broadcom Stock (AVGO) Slips as Earnings are ‘Primed for Disappointment’