Option traders moderately bearish in Broadcom (AVGO), with shares down $2.95 near $288.22. Options volume relatively light with 94k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 0.3 points near 49.95,and above the 52wk median, suggesting an expected daily move of $9.07. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Broadcom (AVGO) will report earnings after the close on 2025-09-04.Option markets are pricing in a 50% probability of a move greater than 6.47% or $18.66.
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