Option traders moderately bearish in Broadcom (AVGO), with shares down $18.38 near $336.24. Options volume roughly in line with average with 180k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 3.0 points near 45.64,and below the 52wk median, suggesting an expected daily move of $9.67. Put-call skew steepened, indicating increased demand for downside protection.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVGO:
- TSM Stock Near Record Highs—Is It Still a Buy Ahead of Q4 Earnings?
- TSMC hard-pressed to meet surging AI chip demand, The Information says
- Morning Movers: Citi gains, Wells Fargo falls following quarterly results
- Vanguard Total Stock Market ETF (VTI) Daily Snapshot—1/14/25
- AVGO, PANW, FTNT: Cybersecurity Stocks Hit as China Cracks Down on U.S., Israeli Software