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What the Options Market Tells Us About Broadcom

Benzinga ·  Jul 5 22:04

High-rolling investors have positioned themselves bullish on Broadcom (NASDAQ:AVGO), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AVGO often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 20 options trades for Broadcom. This is not a typical pattern.

The sentiment among these major traders is split, with 45% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $31,521, and 19 calls...

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