Broadcom closed at 334.37 USD, down 0.07%.
Large options trades showed a clear bullish bias, led by a $6.09 million put sale at the $300.00 strike expiring December 15, 2028, and a $1.15 million put sale at the $180.00 strike expiring June 16, 2028. Both positions involve out-of-the-money put selling, suggesting premium collection and confidence that Broadcom shares will remain above these downside levels into their respective expirations.
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Options Indicators
Broadcom’s implied volatility is 41.99%, while its IV percentile is 15.94%, which places current option pricing in the low end of its recent range. In other words, volatility is on the cheap side rather than elevated, and with an IV/HV ratio of 1.14, implied volatility is only modestly above historical realized volatility. Overall, this suggests Broadcom’s options are relatively inexpensive at current levels.
The Call/Put volume ratio is 1.59.
Large Trades
A put sale worth $6.09 million was the largest displayed trade, with 1,200 contracts of the December 15, 2028 $300.00 put sold. With AVGO referenced at $334.37, this strike sits out of the money, making the trade a moderately bullish cash-secured or margin-backed put-selling stance. Strategically, the seller is expressing confidence that shares will remain above $300.00 into expiration, aiming to collect premium while also signaling willingness to accumulate stock at an effective entry level below the current market if assigned.
Another out-of-the-money put sale, worth $1.15 million, involved 1,500 contracts of the June 16, 2028 $180.00 put being sold. This is a deeper downside strike relative to the current stock price, so the position reflects a more conservative bullish posture centered on premium collection rather than an aggressive near-the-money directional bet. In practical terms, the trader appears comfortable underwriting tail-risk at a much lower level, suggesting confidence that AVGO’s long-term downside will stay well above $180.00 while earning income from elevated option premium.
Overall, the large-trade flow leans bullish on AVGO. The dominant displayed activity was concentrated in sizable out-of-the-money put selling at distant expirations, which typically reflects confidence in price stability to upside-biased expectations rather than fear of an imminent breakdown. Although the broader block flow did include bearish put buying, the leading large trades point to institutional willingness to sell downside protection and monetize volatility, leaving the overall takeaway as a constructive-to-bullish sentiment backdrop for the stock.
Strategy Reference
For a low assignment probability, a seller could consider the $180.00 put expiring June 16, 2028, while those preferring not to post too much margin may deploy a bull put spread such as selling the $300.00 put and buying the $250.00 put in the same December 15, 2028 expiry.
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