Investors with a lot of money to spend have taken a bullish stance on Broadcom (NASDAQ:AVGO).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with AVGO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 66 uncommon options trades for Broadcom.
This isn’t normal.
The overall sentiment of these big-money traders is split between 46% bullish and 33%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $3,433,480, and 48 are calls, for a total amount of $3,630,801.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $170.0 and $520.0 for Broadcom, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Broadcom’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Broadcom’s significant trades, within a strike price range of $170.0 to $520.0, over the past month.
Broadcom 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVGO | PUT | TRADE | BEARISH | 01/15/27 | $59.95 | $59.2 | $59.9 | $330.00 | $1.1M | 2.5K | 200 |
| AVGO | PUT | TRADE | BEARISH | 11/20/26 | $40.15 | $39.15 | $40.1 | $300.00 | $802.0K | 2.2K | 200 |
| AVGO | PUT | SWEEP | BULLISH | 02/20/26 | $21.6 | $19.75 | $20.35 | $345.00 | $450.3K | 1.1K | 226 |
| AVGO | CALL | SWEEP | BULLISH | 09/18/26 | $53.65 | $53.25 | $53.2 | $340.00 | $426.0K | 1.1K | 61 |
| AVGO | CALL | SWEEP | BEARISH | 03/27/26 | $23.45 | $22.5 | $22.58 | $340.00 | $351.9K | 191 | 75 |
About Broadcom
Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing, wired connectivity, and wireless connectivity. It has a significant position in custom AI chips to train and run inference for large language models. It is primarily a fabless designer but holds some manufacturing in-house. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software.
Having examined the options trading patterns of Broadcom, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Broadcom Standing Right Now?
- With a trading volume of 4,973,258, the price of AVGO is down by -0.96%, reaching $330.09.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 19 days from now.
What Analysts Are Saying About Broadcom
In the last month, 3 experts released ratings on this stock with an average target price of $378.33.
- An analyst from DA Davidson has revised its rating downward to Neutral, adjusting the price target to $335.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $370.
- In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $430.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
