Moderately bullish activity in Broadcom (AVGO), with shares up $5.60, or 1.64%, near $346.10. Options volume roughly in line with average with 121k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 1.5 points near 62.51, in the highest 10% of observations over the past year, suggesting an expected daily move of $13.63. Put-call skew flattened, suggesting a modestly bullish tone.
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