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Moderately bullish activity in Broadcom with shares up 1.36%

Moderately bullish activity in Broadcom (AVGO), with shares up $5.67, or 1.36%, near $422.18. Options volume relatively light with 55k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 1.8 points near 50.92,in the top quartile of the past year, suggesting an expected daily move of $13.54. Put-call skew flattened, suggesting a modestly bullish tone.

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