
Shares of Broadcom Inc. ($AVGO) have experienced significant volatility recently. On Friday, the stock saw a substantial sell-off, with prices dropping from 136 to 157 within a few days. Traders have been actively engaging with the stock, with one trader selling December 144 calls at 24, having bought them at 11, and adding December 160 calls at 14. Another trader predicts that $AVGO could reach 172 next week if the bullish engulfing pattern on the weekly chart follows through. The stock is currently at its August options expiration price. Notably, there is speculation that Pelosi has put up a buy wall at the 200-day SMA.
