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Mixed options sentiment in Broadcom with shares up 5.13%

Mixed options sentiment in Broadcom (AVGO), with shares up $17.14, or 5.13%, near $351.12. Options volume running well above average with 347k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.93. Implied volatility (IV30) dropped 2.8 near 43.77,and below the 52wk median, suggesting an expected daily move of $9.68. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Seaport Research.

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