Moderately bullish activity in Broadcom with shares up 1.62%

Moderately bullish activity in Broadcom (AVGO), with shares up $4.11, or 1.62%, near $257.01. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 0.0 points near 36.38,in the lowest 10% of observations over the past year, suggesting an expected daily move of $5.89. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Erste Group.