Moderately bullish activity in Broadcom (AVGO), with shares up $1.70, or 0.51%, near $332.43. Options volume roughly in line with average with 170k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 1.0 points near 50.6,and above the 52wk median, suggesting an expected daily move of $10.60. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Wolfe Research.
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