Option traders moderately bearish in Broadcom (AVGO), with shares down $3.23 near $348.90. Options volume relatively light with 195k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 1.2 points near 39.8,in the bottom quartile of the past year, suggesting an expected daily move of $8.75. Put-call skew steepened, indicating increased demand for downside protection.
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