Option traders moderately bearish in Broadcom (AVGO), with shares down $15.36 near $344.57. Options volume more than double the daily average with 230k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 1.4 points near 43.53,and below the 52wk median, suggesting an expected daily move of $9.45. Put-call skew steepened, indicating increased demand for downside protection.
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