Moderately bullish activity in Broadcom (AVGO), with shares up $2.28, or 0.66%, near $345.30. Options volume roughly in line with average with 121k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.3 points near 43.82,and below the 52wk median, suggesting an expected daily move of $9.53. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at Wells Fargo.
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