Option traders moderately bearish in Broadcom (AVGO), with shares down $1.80 near $295.92. Options volume roughly in line with average with 115k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 1.8 points near 46.66,and above the 52wk median, suggesting an expected daily move of $8.70. Put-call skew steepened, indicating increased demand for downside protection.
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