Moderately bullish activity in Broadcom with shares up 0.24%

Moderately bullish activity in Broadcom (AVGO), with shares up 83c, or 0.24%, near $347.00. Options volume roughly in line with average with 127k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 0.1 points near 39.29,in the bottom quartile of the past year, suggesting an expected daily move of $8.59. Put-call skew flattened, suggesting a modestly bullish tone.