Moderately bullish activity in Broadcom (AVGO), with shares up $14.74, or 4.69%, near $329.18. Options volume roughly in line with average with 165k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.95. Implied volatility (IV30) is higher by 1.6 points near 45.79,and below the 52wk median, suggesting an expected daily move of $9.49. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
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