Option traders moderately bearish in Broadcom (AVGO), with shares down $6.52 near $363.11. Options volume relatively light with 122k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 1.1 points near 45.85,and above the 52wk median, suggesting an expected daily move of $10.49. Put-call skew steepened, indicating increased demand for downside protection.
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