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Moderately bullish activity in Broadcom with shares up 5.4%

Moderately bullish activity in Broadcom (AVGO), with shares up $19.16, or 5.4%, near $374.07. Options volume running well above average with 491k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.91. Implied volatility (IV30) is higher by 2.5 points near 45.68,and below the 52wk median, suggesting an expected daily move of $10.76. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at Seaport Research.

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