Moderately bullish activity in Broadcom (AVGO), with shares up $8.78, or 2.85%, near $316.83. Options volume running well above average with 152k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.86. Implied volatility (IV30) is higher by 1.7 points near 65.44, in the highest 10% of observations over the past year, suggesting an expected daily move of $13.06. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Wolfe Research.
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